Mark A. Denien - 26 Jan 2022 Form 4 Insider Report for DUKE REALTY CORP

Role: EVP & CFO
Signature: Neal A. Lewis for Mark A. Denien per POA prev. filed.
Issuer symbol: N/A
Transactions as of: 26 Jan 2022
Net transactions value: $0
Form type: 4
Filing time: 28 Jan 2022, 07:53:44 UTC
Next filing: 14 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	DRE	Common Stock						9,640	26 Jan 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	+42,390	+132%	$0.000000	74,428	26 Jan 2022	Common Stock	42,390		Direct	F2, F6
transaction	DRE	Units	Award	$0	+29,887	+18%	$0.000000	200,395	26 Jan 2022	Common Stock	29,887		Direct	F7, F8
holding	DRE	LTIP Units						4,981	26 Jan 2022	Common Stock	4,981		Direct	F2, F3
holding	DRE	LTIP Units						8,939	26 Jan 2022	Common Stock	8,939		Direct	F2, F4
holding	DRE	LTIP Units						12,282	26 Jan 2022	Common Stock	12,282		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.