4//SEC Filing
Harrington Peter D. 4
Accession 0001820037-21-000005
CIK 0000783280other
Filed
Jan 28, 7:00 PM ET
Accepted
Jan 29, 11:20 AM ET
Size
13.9 KB
Accession
0001820037-21-000005
Insider Transaction Report
Form 4
Harrington Peter D.
EVP,Construction
Transactions
- Award
LTIP Units
2021-01-27+8,117→ 12,424 total→ Common Stock (8,117 underlying) - Award
Units
2021-01-27+13,060→ 31,735 total→ Common Stock (13,060 underlying)
Holdings
- 8,068
Common Stock
- 1,104(indirect: By 401(k))
Common Stock
- 4,193
LTIP Units
→ Common Stock (4,193 underlying) - 56,264
Phantom Stock Units
→ Common Stock (56,264 underlying)
Footnotes (8)
- [F1]Between February 12, 2020 and January 29, 2021, the Reporting Person acquired 210 shares of DRE common stock through dividend reinvestment.
- [F2]Between February 12, 2020 and January 29, 2021, the Reporting Person acquired 987 shares of DRE's common stock under the Company's 401(k) plan.
- [F3]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.
- [F4]LTIP Units vest in three equal installments beginning on February 10, 2020 and have no expiration date.
- [F5]LTIP Units awarded in lieu of performance share plan units, upon meeting the performance-based conditions and 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 3 and have no expiration date.
- [F6]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.
- [F7]Represents Common Units of DRLP awarded in lieu of performance share plans units according to the terms described in footnote 6, upon meeting the performance-based metrics, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934.
- [F8]Represents phantom stock units acquired under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership. Between February 12, 2020 and January 29, 2021, the Reporting Person acquired 1,485 shares of common stock 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.
Documents
Issuer
DUKE REALTY CORP
CIK 0000783280
Entity typeother
Related Parties
1- filerCIK 0001678917
Filing Metadata
- Form type
- 4
- Filed
- Jan 28, 7:00 PM ET
- Accepted
- Jan 29, 11:20 AM ET
- Size
- 13.9 KB