Mark Denien - Feb 10, 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
Feb 10, 2022
Transactions value $
$0
Form type
4
Date filed
2/14/2022, 01:58 PM
Previous filing
Jan 28, 2022
Next filing
Aug 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DRE Common Stock 9.64K Feb 10, 2022 By 401(k) Plan

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 Other $0 -4.98K -100% $0.00* 0 Feb 10, 2022 Common Stock 4.98K Direct F1, F2, F3
transaction DRE LTIP Units Other $0 -4.47K -50.01% $0.00 4.47K Feb 10, 2022 Common Stock 4.47K Direct F1, F2, F4
transaction DRE LTIP Units Other $0 -4.09K -33.33% $0.00 8.19K Feb 10, 2022 Common Stock 4.09K Direct F1, F2, F5
transaction DRE LTIP Units Award $0 +10.7K $0.00 10.7K Feb 10, 2022 Common Stock 10.7K Direct F1, F6
transaction DRE Units Other $0 +13.5K +6.4% $0.00 225K Feb 10, 2022 Common Stock 13.5K Direct F2, F8, F9
holding DRE LTIP Units 63.1K Feb 10, 2022 Common Stock 63.1K Direct F1, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 LTIP Units converted into Common Units of limited partnership interest in DRLP according to terms described above.
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 vest in three equal installments beginning on February 10, 2023 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 1 and have no expiration date.
F8 Reflects a balance change from LTIP Units to Common Units due to lapse in holding period requirement.
F9 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.