4//SEC Filing
Digital Realty Trust, Inc. 4
Accession 0001297996-16-000133
$DLRCIK 0001297996operating
Filed
Mar 10, 7:00 PM ET
Accepted
Mar 11, 7:44 PM ET
Size
13.9 KB
Accession
0001297996-16-000133
Insider Transaction Report
Form 4
Peterson Scott E
Senior VP, Acquisitions
Transactions
- Sale
Common Stock
2016-03-09$85.62/sh−4,000$342,472→ 0 total - Award
Long-Term Incentive Units
2016-02-16+2,488→ 97,401 total→ Common Stock (2,488 underlying) - Sale
Common Stock
2016-03-09$85.62/sh−40,000$3,424,720→ 0 total - Exercise/Conversion
Common Stock
2016-03-09+40,000→ 40,000 total - Exercise/Conversion
Long-Term Incentive Units
2016-03-09−40,000→ 57,401 total→ Common Stock (40,000 underlying)
Footnotes (6)
- [F1]Price shown above is an average, actual sale prices range from $85.600 to $85.700.
- [F2]The reporting person converted long-term incentive units into common limited partnership units ("Common Units") of Digital Realty Trust, L.P. (the "Operating Partnership"), of which the Issuer is the general partner, and subsequently redeemed the Common Units for shares of the common stock of the Issuer, all in accordance with the requirements of the Limited Partnership Agreement of the Operating Partnership.
- [F3]Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P. ( "Operating Partnership"), of which the Issuer is the general partner. Profits interest units may initially not have full parity with common limited partnership units of Operating Partnership ("Common Units") with respect to liquidating distributions; however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes. Vested profits interest units that have achieved full parity with Common Units may be converted into an equal number of Common Units on a 1-for-1 basis at any time. Common Units are redeemable for cash based on the FMV of an equivalent number of shares of common stock of the Issuer, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.
- [F4]1-for-1
- [F5]Twenty-five percent (25%) of these units will vest on February 27, 2017, an additional twenty-five percent (25%) will vest on February 27, 2018, an additional twenty-five percent (25%) will vest on February 27, 2019, and the remaining twenty-five percent (25%) will vest on February 27, 2020
- [F6]N/A
Documents
Issuer
Digital Realty Trust, Inc.
CIK 0001297996
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001297996
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 7:00 PM ET
- Accepted
- Mar 11, 7:44 PM ET
- Size
- 13.9 KB