Digital Realty Trust, L.P. 4
4 · Digital Realty Trust, L.P. · Filed Nov 10, 2016
Insider Transaction Report
Form 4
Papes Daniel W
SVP, Global Sales, Marketing
Transactions
- Award
Long-Term Incentive Units
2016-11-08+1,317→ 1,317 total→ Common Stock (1,317 underlying)
Footnotes (3)
- [F1]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. These units were fully vested on the grant date. 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, specified extraordinary distributions or similar events.
- [F2]1-for-1
- [F3]N/A