Mark Denien - Aug 16, 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
Aug 16, 2022
Transactions value $
$0
Form type
4
Date filed
8/18/2022, 03:11 PM
Previous filing
Aug 3, 2022
Next filing
Oct 5, 2022

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 Units Gift $0 -5.8K -6.8% $0.00 79.5K Aug 16, 2022 Common Stock 5.8K Direct F6
holding DRE LTIP Units 4.47K Aug 16, 2022 Common Stock 4.47K Direct F1, F2
holding DRE LTIP Units 8.19K Aug 16, 2022 Common Stock 8.19K Direct F1, F3
holding DRE LTIP Units 10.7K Aug 16, 2022 Common Stock 10.7K Direct F1, F4
holding DRE LTIP Units 63.1K Aug 16, 2022 Common Stock 63.1K Direct F1, F5
* 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 vest in three equal installments beginning on February 10, 2021 and have no expiration date.
F3 LTIP Units vest in three equal installments beginning on February 10, 2022 and have no expiration date.
F4 LTIP Units vest in three equal installments beginning on February 10, 2023 and have no expiration date.
F5 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.
F6 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.