LANDS LUKE A 4

4 · PROLOGIS · Filed Jan 5, 2006

Form 4

Period: 2006-01-03

Managing Director & Controller

Transactions

Exercise/Conversion
Common Shares of Beneficial Interest, par value $0.01
2006-01-03+2,750→ 3,265 total
Exercise/Conversion
Performance Share Unit Award
2006-01-03−2,750→ 132,790 total
→ Common Shares of Beneficial Interest (2,750 underlying)
Tax Payment
Common Shares of Beneficial Interest, par value $0.01
2006-01-03$47.61/sh−850.047$40,471→ 2,414.953 total
Exercise/Conversion
Common Shares of Beneficial Interest, par value $0.01
2006-01-03+1,701.852→ 4,116.805 total
Tax Payment
Common Shares of Beneficial Interest, par value $0.01
2006-01-03$47.61/sh−450.14$21,431→ 3,762 total
Exercise/Conversion
Dividend Equivalent Units
2006-01-03−1,701.852→ 131,088 total
→ Common Shares of Beneficial Interest (1,701.852 underlying)

Footnotes (4)

[F1]Automatic conversion of performance share unit award earned on 12/31/03. Units convert into common shares on a 1 for 1 basis.
[F2]Payment of tax liaibility by reporting person to issuer pursuant to the conversion of performance share unit award and dividend equivalent unit award.
[F3]Automatic conversion of dividend equivalent units. Dividend Equivalent Units are earned and accrue on restricted share units and option grants pursuant to the ProLogis 1997 Long-Term Incentive Plan. The rate of vest and the expiration date is the same as the underlying grant. DEUs are converted in common shares on a 1 for 1 basis.
[F4]Includes shares acquired through the ProLogis Dividend Reinvestment Plan and the ProLogis Employee Share Purchase Plan.

Documents

1 file