4//SEC Filing
Digital Realty Trust, Inc. 4
Accession 0001297996-17-000032
$DLRCIK 0001297996operating
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 8:47 PM ET
Size
7.0 KB
Accession
0001297996-17-000032
Insider Transaction Report
Form 4
Appleby Jarrett
Chief Operating Officer
Transactions
- Award
Long-Term Incentive Units
2017-02-28+4,125→ 14,003 total→ Common Stock (4,125 underlying)
Footnotes (2)
- [F1]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.
- [F2]Twenty-five percent (25%) of these units will vest on February 27, 2018, an additional twenty-five percent (25%) will vest on February 27, 2019, an additional twenty-five percent (25%) will vest on February 27, 2020, and the remaining twenty-five percent (25%) will vest on February 27, 2021. The vested profits interest units have no expiration date.
Documents
Issuer
Digital Realty Trust, Inc.
CIK 0001297996
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001297996
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 8:47 PM ET
- Size
- 7.0 KB