Mark Denien - Jan 26, 2022 Form 4 Insider Report for DUKE REALTY CORP (DRE)

Role
EVP & CFO
Signature
Neal A. Lewis for Mark A. Denien per POA prev. filed.
Stock symbol
DRE
Transactions as of
Jan 26, 2022
Transactions value $
$0
Form type
4
Date filed
1/28/2022, 07:53 AM
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DRE Common Stock 9.64K Jan 26, 2022 By 401(k) Plan F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DRE LTIP Units Award $0 +42.4K +132.31% $0.00 74.4K Jan 26, 2022 Common Stock 42.4K Direct F2, F6
transaction DRE Units Award $0 +29.9K +17.53% $0.00 200K Jan 26, 2022 Common Stock 29.9K Direct F7, F8
holding DRE LTIP Units 4.98K Jan 26, 2022 Common Stock 4.98K Direct F2, F3
holding DRE LTIP Units 8.94K Jan 26, 2022 Common Stock 8.94K Direct F2, F4
holding DRE LTIP Units 12.3K Jan 26, 2022 Common Stock 12.3K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Between May 5, 2021 and January 28, 2022, the Reporting Person acquired 67 shares of DRE's common stock under the Company's 401(k) Plan.
F2 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.
F3 LTIP Units vest in three equal installments beginning on February 10, 2020 and have no expiration date.
F4 LTIP Units vest in three equal installments beginning on February 10, 2021 and have no expiration date.
F5 LTIP Units vest in three equal installments beginning on February 10, 2022 and have no expiration date.
F6 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 2 and have no expiration date.
F7 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.
F8 Represents Common Units of DRLP awarded in lieu of performance share plans units according to the terms described in footnote 7, upon meeting the performance-based metrics, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934.