Mark A. Denien - 10 Feb 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: 10 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 14 Feb 2022, 13:58:04 UTC
Previous filing: 28 Jan 2022
Next filing: 03 Aug 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	10 Feb 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	-4,981	-100%	$0.000000^*	0	10 Feb 2022	Common Stock	4,981		Direct	F1, F2, F3
transaction	DRE	LTIP Units	Other	$0	-4,470	-50%	$0.000000	4,469	10 Feb 2022	Common Stock	4,470		Direct	F1, F2, F4
transaction	DRE	LTIP Units	Other	$0	-4,094	-33%	$0.000000	8,188	10 Feb 2022	Common Stock	4,094		Direct	F1, F2, F5
transaction	DRE	LTIP Units	Award	$0	+10,724		$0.000000	10,724	10 Feb 2022	Common Stock	10,724		Direct	F1, F6
transaction	DRE	Units	Other	$0	+13,545	+6.4%	$0.000000	225,254	10 Feb 2022	Common Stock	13,545		Direct	F2, F8, F9
holding	DRE	LTIP Units						63,114	10 Feb 2022	Common Stock	63,114		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.