PROLOGIS 4
4 · PROLOGIS · Filed May 31, 2006
Insider Transaction Report
Form 4
PROLOGISPLD
STENSBY KENNETH N
Director
Transactions
- Exercise/Conversion
Common Shares of Beneficial Interest, par value $0.01
2006-05-26+117→ 4,276 total - Exercise/Conversion
Options Right-to-buy
2006-05-26$24.47/sh−1,250$30,588→ 16,215 totalExercise: $24.47Exp: 2012-06-12→ Common Shares of Beneficial Interest (1,250 underlying) - Exercise/Conversion
Common Shares of Beneficial Interest, par value $0.01
2006-05-26$24.47/sh+1,250$30,588→ 1,269 total - Sale
Common Shares of Beneficial Interest, par value $0.01
2006-05-26$49.34/sh−625$30,838→ 3,651 total - Exercise/Conversion
Common Shares of Beneficial Interest, par value $0.01
2006-05-26+2,890→ 4,159 total - Exercise/Conversion
Deferred Share Units
2006-05-26−2,890→ 13,325 total→ Common Shares of Beneficial Interest (2,890 underlying) - Exercise/Conversion
Dividend Equivalent Units
2006-05-26−117→ 13,208 total→ Common Shares of Beneficial Interest (117 underlying)
Footnotes (3)
- [F1]The deferred share units are deferred until the reporting person is no longer providing services to ProLogis at which time the deferred share units will be converted on a 1-to-1 basis into common shares and distributed to the reporting person.
- [F2]Dividend Equivalent Units are earned and accrued on deferred share units 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.
- [F3]The remaining 25% of this option grant vested on 5/26/06 pursuant to Mr. Stensby's retirement under the plan.