STENSBY KENNETH N 4
4 · PROLOGIS · Filed Jan 3, 2006
Insider Transaction Report
Form 4
PROLOGISPLD
STENSBY KENNETH N
Director
Transactions
- Award
Phantom Stock
2005-12-31+392.453→ 44,709 total→ Common Shares of Beneficial Interest (392.453 underlying) - Award
Dividend Equivalent Units
2005-12-31+1,016→ 45,726 total→ Common Shares of Beneficial Interest (1,016 underlying)
Footnotes (2)
- [F1]The shares of phantom stock are for payment of Trustees fees. The phantom stock becomes payable in stock at the election of the reporting person. The phantom stock is convertible on a 1 for 1 basis into common shares of ProLogis.
- [F2]Dividend Equivalent Units are earned and accrued on deferred share units and option grants pursuant to the Outside Trustee Option Plans. The rate of vest and the expiration date is the same as the underlying grant. DEUs are converted into common shares on a 1 for 1 basis.