Ann C. Dee - Feb 10, 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: Feb 10, 2022
Transactions value $: -$230,458
Form type: 4
Date filed: 2/14/2022, 01:55 PM
Previous filing: Jan 28, 2022
Next filing: Jul 20, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DRE	Common Stock	Award	$0	+7.15K	+9.16%	$0.00	85.2K	Feb 10, 2022	Direct	F1
transaction	DRE	Common Stock	Tax liability	-$230K	-4.12K	-4.84%	$55.95	81.1K	Feb 10, 2022	Direct	F2
holding	DRE	Common Stock						1.45K	Feb 10, 2022	By Spouse
holding	DRE	Common Stock						2.8K	Feb 10, 2022	By 401(k) Plan	F3

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						13.7K	Feb 10, 2022	Common Stock	13.7K		Direct	F4, F5, F6
holding	DRE	Units						96.7K	Feb 10, 2022	Common Stock	96.7K		Direct	F6, F7
holding	DRE	Phantom Stock Units						20.1K	Feb 10, 2022	Common Stock	20.1K		Direct	F8

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

Explanation of Responses:

Id	Content
F1	Represents an award of restricted stock units pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934.
F2	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.
F3	Between January 28, 2022 and February 14, 2022, the Reporting Person acquired 34 shares of DRE's common stock under the Company's 401(k) plan.
F4	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.
F5	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 4 and have no expiration date.
F6	Reflects a balance change from LTIP Units to Common Units due to lapse in holding period requirement.
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 phantom stock units accrued 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.