Ann C. Dee - Jan 26, 2022 Form 4 Insider Report for DUKE REALTY CORP (DRE)

Role: EVP,General Counsel & Corp Sec
Signature: Neal A. Lewis for Ann C. Dee per POA prev. filed.
Stock symbol: DRE
Transactions as of: Jan 26, 2022
Transactions value $: -$1,035,759
Form type: 4
Date filed: 1/28/2022, 07:58 AM
Previous filing: Jan 20, 2022
Next filing: Feb 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DRE	Common Stock	Award	$0	+47.9K	+98.68%	$0.00	96.4K	Jan 26, 2022	Direct	F1, F2
transaction	DRE	Common Stock	Tax liability	-$1.04M	-18.3K	-19.03%	$56.46	78K	Jan 26, 2022	Direct	F3
holding	DRE	Common Stock						1.45K	Jan 26, 2022	By Spouse	F4
holding	DRE	Common Stock						2.76K	Jan 26, 2022	By 401(k) Plan	F5

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
holding	DRE	LTIP Units						21.1K	Jan 26, 2022	Common Stock	21.1K		Direct	F6, F7
holding	DRE	Units						89.3K	Jan 26, 2022	Common Stock	89.3K		Direct	F8
holding	DRE	Phantom Stock Units						20.1K	Jan 26, 2022	Common Stock	20.1K		Direct	F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 November 4, 2021 and January 28, 2022, the Reporting Person acquired 86 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 November 4, 2021 and January 28, 2022, the Reporting Person acquired 7 shares of DRE common stock through dividend reinvestment.
F5	Between November 4, 2021 and January 28, 2022, the Reporting Person acquired 63 shares of DRE's common stock under the Company's 401(k) plan.
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.
F9	Represents phantom stock units accrued under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership. Between November 4, 2021 and January 28, 2022, the Reporting Person acquired 74 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.