Digital Realty Trust, L.P. 4
4 · Digital Realty Trust, L.P. · Filed Mar 5, 2015
Insider Transaction Report
Form 4
Smith James M.
Chief Technology Officer
Transactions
- Exercise/Conversion
Common Units
2015-03-03+1,634→ 1,634 total - Exercise/Conversion
Common Units
2015-03-03−1,634→ 0 total - Exercise/Conversion
Long-Term Incentive Units
2015-03-03−1,634→ 1,634 total→ Common Units (1,634 underlying)
Footnotes (4)
- [F1]The reporting person converted long-term incentive units into common limited partnership units ("Common Units") of the Issuer and subsequently redeemed the Common Units for shares of the common stock of Digital Realty Trust, Inc., a Maryland corporation and the general partner of the Issuer (the "General Partner"), all in accordance with the requirements of the Limited Partnership Agreement of the Issuer.
- [F2]Long-term incentive units are profits interest units in the Issuer that receive the same quarterly distributions as Common Units. Vested profits interest units may be converted into an equal number of Common Units in the Issuer on a one-for-one basis at any time. Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of the General Partner's common stock, or, at the election of the General Partner, for an equal number of shares of the General Partner's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.
- [F3]1 for 1.
- [F4]N/A