4//SEC Filing
Digital Realty Trust, L.P. 4
Accession 0001494877-16-000053
CIK 0001494877operating
Filed
Mar 10, 7:00 PM ET
Accepted
Mar 11, 7:46 PM ET
Size
11.0 KB
Accession
0001494877-16-000053
Insider Transaction Report
Form 4
Peterson Scott E
Senior VP, Acquisitions
Transactions
- Award
Long-Term Incentive Units
2016-02-16+2,488→ 97,401 total→ Common Units (2,488 underlying) - Exercise/Conversion
Common Units
2016-03-09+40,000→ 40,000 total - Exercise/Conversion
Long-Term Incentive Units
2016-03-09−40,000→ 57,401 total→ Common Units (40,000 underlying)
Footnotes (5)
- [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 ("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, of which Digital Realty Trust, Inc. ("General Partner") is the general partner. Profits interest units may initially not have full parity with common limited partnership units of the Issuer ("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 General Partner or, at the election of General Partner, for an equal number of shares of 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]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
- [F5]N/A
Documents
Issuer
Digital Realty Trust, L.P.
CIK 0001494877
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001494877
Filing Metadata
- Form type
- 4
- Filed
- Mar 10, 7:00 PM ET
- Accepted
- Mar 11, 7:46 PM ET
- Size
- 11.0 KB