WATSON ROBERT J 4
4 · PROLOGIS · Filed Jan 5, 2006
Insider Transaction Report
Form 4
PROLOGISPLD
WATSON ROBERT J
Pres. of N. America Operations
Transactions
- Tax Payment
Common Shares of Beneficial Interest, par value $0.01
2006-01-03$47.61/sh−4,163.072$198,204→ 50,967.972 total - Exercise/Conversion
Common Shares of Beneficial Interest, par value $0.01
2006-01-03+11,159.479→ 62,127.451 total - Tax Payment
Common Shares of Beneficial Interest, par value $0.01
2006-01-03$47.61/sh−3,783.915$180,152→ 58,343.536 total - Exercise/Conversion
Common Shares of Beneficial Interest, par value $0.01
2006-01-03+13,000→ 55,131 total - Exercise/Conversion
Performance Share Unit Award
2006-01-03−13,000→ 633,621 total→ Common Shares of Beneficial Interest (13,000 underlying) - Exercise/Conversion
Dividend Equivalent Units
2006-01-03−11,159.479→ 622,461.521 total→ Common Shares of Beneficial Interest (11,159.479 underlying)
Footnotes (3)
- [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.