Anthony Nicholas C. 4
4 · DUKE REALTY CORP · Filed Jan 29, 2021
Insider Transaction Report
Form 4
Anthony Nicholas C.
EVP, Chief Investment Officer
Transactions
- Award
Common Stock
2021-01-27+42,366→ 66,751 total - Tax Payment
Common Stock
2021-01-27$40.11/sh−14,892$597,318→ 51,859 total
Holdings
- 37,208
Phantom Stock Units
→ Common Stock (37,208 underlying) - 8,306
LTIP Units
→ Common Stock (8,306 underlying) - 67,262
Units
→ Common Stock (67,262 underlying) - 742(indirect: By 401(k))
Common Stock
Footnotes (8)
- [F1]Represents an award of performance share plan units pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934.
- [F2]Between August 5, 2020 and January 29, 2021, the Reporting Person acquired 308 shares of DRE common stock through dividend reinvestment.
- [F3]Represents shares withheld for taxes upon the vesting of performance share plan units granted pursuant to Rule 16b-3 of Section 16b of the Securities Exchange Act of 1934.
- [F4]Between August 5, 2020 and January 29, 2021, the Reporting Person acquired 59 shares of DRE's common stock under the Company's 401(k) plan.
- [F5]Represents phantom stock units acquired under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership. Between August 5, 2020 and January 29, 2021, the Reporting Person acquired 234 phantom stock units through dividend reinvestment. The units are valued on a one to one basis to the Company's common stock and are to be settled in cash and/or stock upon the Reporting Person's termination of employment.
- [F6]Represents units of limited partnership interest (LTIP Unit) in Duke Realty Limited Partnership (DRLP), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based incentive programs. When both earned and vested, each LTIP Unit will automatically convert into a Common Unit of limited partnership interest in DRLP. Each Common Unit acquired upon the conversion of an LTIP Unit is redeemable by the holder for shares of common stock of the Issuer on a one-for-one basis. LTIP Units converted to Common Units are generally not redeemable until two years from the date of the grant.
- [F7]LTIP Units awarded in lieu of performance share plan units and upon meeting the performance-based conditions, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934. LTIP Units are awarded according to the terms described in footnote 6 and have no expiration date.
- [F8]Represents LTIP Units that have converted to Common Units of DRLP. Each Common Unit is redeemable by the holder for shares of common stock of the Issuer on a one-for-one basis. LTIP Units converted to Common Units are generally not redeemable until two years from the date of grant and have no expiration date.