PROLOGIS 4
4 · PROLOGIS · Filed Oct 12, 2010
Insider Transaction Report
Form 4
PROLOGISPLD
JACOBS DR DONALD P
Director
Transactions
- Award
Deferred Share Units dividend equivalent units
2010-08-31+362→ 26,625 totalExercise: $0.00→ Common Shares of Beneficial Interest (362 underlying) - Award
Phantom Shares
2010-10-08+1,910→ 43,833 totalExercise: $0.00→ Common Shares of Beneficial Interest (1,910 underlying) - Award
Options dividend equivalent units
2010-08-31+106→ 17,793 totalExercise: $0.00→ Common Shares of Beneficial Interest (106 underlying) - Award
Phantom Shares dividend equivalent units
2010-08-31+570→ 41,922 totalExercise: $0.00→ Common Shares of Beneficial Interest (570 underlying)
Footnotes (5)
- [F1]Dividend Equivalent Units (DEUs) are accrued on outstanding Deferred Share Units (DSUs) and vest upon issuance. The receipt of such DEUs is deferred as described in note (2) below and, upon receipt, such DEUs are paid in the form of ProLogis common shares at the rate of one common share per DEU. DEUs accrue at the ProLogis common share distribution rate at the time distributions on ProLogis common shares occur.
- [F2]DSUs. Deferred Share Units are fully vested at grant and their receipt is automatically deferred until the reporting person ceases to be a trustee, at which time the units convert into ProLogis common shares on a 1-for-1 basis. Deferred Share Units earn DEUs and their receipt is similarly deferred.
- [F3]Jacobs - Dividend Equivalent Units (DEUs) are accrued on certain common share options and vest under the same criteria as the underlying common share options. DEUs are paid in the form of ProLogis common shares at the rate of one common share per DEU upon exercise or at expiration of the underlying options. DEUs accrue at the ProLogis common share distribution rate at the time distributions on ProLogis common shares occur. The total in Column 9 includes 5,000 fully vested non-qualified stock options with an exercise price of $20.80 expiring 5/17/2011, 5,000 fully vested non-qualified stock options with an exercise price of $24.47 expiring 6/12/2012, and 5,000 fully-vested non-qualified stock options with an exercise price of $27.56 expiring 5/20/2013 and vested accrued DEUs.
- [F4]Dividend Equivalent Units (DEUs) are accrued on outstanding phantom shares and vest upon issuance. The receipt of such DEUs is deferred along with the underlying phantom shares as described in note (5) below and, upon receipt, such DEUs are paid in the form of ProLogis common shares at the rate of one common share per DEU. DEUs accrue at the ProLogis common share distribution rate at the time distributions on ProLogis common shares occur.
- [F5]Represents trustee fees payable in ProLogis common shares that the reporting person has elected to defer into phantom shares. Phantom shares are payable in ProLogis common shares generally upon retirement from the board, and are convertible into ProLogis common shares on a 1-to-1 basis. Also includes phantom shares earned through dividend reinvestment related to the phantom shares.