4//SEC Filing
Harrington Peter D. 4
Accession 0001820037-21-000023
CIK 0000783280other
Filed
Feb 11, 7:00 PM ET
Accepted
Feb 12, 1:05 PM ET
Size
18.9 KB
Accession
0001820037-21-000023
Insider Transaction Report
Form 4
Harrington Peter D.
EVP,Construction
Transactions
- Tax Payment
Common Stock
2021-02-10$42.07/sh−129$5,427→ 7,939 total - Disposition to Issuer
Common Stock
2021-02-10−4,077→ 3,862 total - Other
LTIP Units
2021-02-10−2,097→ 2,096 total→ Common Stock (2,097 underlying) - Award
LTIP Units
2021-02-10+4,945→ 4,945 total→ Common Stock (4,945 underlying) - Other
Units
2021-02-10+2,097→ 33,832 total→ Common Stock (2,097 underlying) - Award
Phantom Stock Units
2021-02-10+4,077→ 60,341 total→ Common Stock (4,077 underlying)
Holdings
- 1,104(indirect: By 401(k))
Common Stock
- 12,424
LTIP Units
→ Common Stock (12,424 underlying)
Footnotes (9)
- [F1]Represents shares withheld for taxes upon the vesting of restricted stock units granted pursuant to Rule 16b-3 of Section 16b of the Securities Exchange Act of 1934.
- [F2]Pursuant to a previous election under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership, upon the vesting of restricted stock units, the Reporting Person deferred the receipt of 4,077 shares of common stock and received instead 4,077 shares of phantom stock.
- [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 converted into Common Units of limited partnership interest in DRLP according to terms described above.
- [F5]LTIP Units vest in three equal installments beginning on February 10, 2020 and have no expiration date.
- [F6]LTIP Units vest in three equal installments beginning on February 10, 2022 and have no expiration date.
- [F7]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.
- [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.
- [F9]Represents phantom stock units acquired under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership. 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
- Feb 11, 7:00 PM ET
- Accepted
- Feb 12, 1:05 PM ET
- Size
- 18.9 KB