Steven W. Schnur - Oct 3, 2022 Form 4 Insider Report for DUKE REALTY CORP (DRE)

Role: EVP, Chief Operating Officer
Signature: Neal A. Lewis for Steven W. Schnur per POA prev. filed.
Stock symbol: DRE
Transactions as of: Oct 3, 2022
Transactions value $: -$1,596,711
Form type: 4
Date filed: 10/5/2022, 06:18 PM
Previous filing: Aug 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DRE	Common Stock	Disposed to Issuer		-2.01K	-100%		0	Oct 3, 2022	Direct	F1

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	Disposed to Issuer		-3.58K	-100%		0	Oct 3, 2022	Common Stock	3.58K		Direct	F2, F3
transaction	DRE	LTIP Units	Disposed to Issuer		-6.87K	-100%		0	Oct 3, 2022	Common Stock	6.87K		Direct	F2, F4
transaction	DRE	LTIP Units	Disposed to Issuer		-8.94K	-100%		0	Oct 3, 2022	Common Stock	8.94K		Direct	F2, F5
transaction	DRE	LTIP Units	Award		+30.8K	+74.65%		72K	Oct 3, 2022	Common Stock	30.8K		Direct	F2, F6
transaction	DRE	LTIP Units	Disposed to Issuer	-$1.6M	-30.8K	-42.74%	$51.88	41.2K	Oct 3, 2022	Common Stock	30.8K		Direct	F2, F7
transaction	DRE	LTIP Units	Disposed to Issuer		-41.2K	-100%		0	Oct 3, 2022	Common Stock	41.2K		Direct	F2, F8
transaction	DRE	Units	Award		+59.9K	+68.42%		148K	Oct 3, 2022	Common Stock	59.9K		Direct	F9, F10
transaction	DRE	Units	Disposed to Issuer		-148K	-100%		0	Oct 3, 2022	Common Stock	148K		Direct	F9, F11

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

Steven W. Schnur is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 952 shares of Prologis, Inc. common stock having a market value of $101.60 per share on the effective date of the merger.
F2	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.
F3	Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 1,698 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.
F4	Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 3,261 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.
F5	Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 4,245 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.
F6	LTIP Units awarded in lieu of performance share plan units and upon meeting the change in control 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 2 and have no expiration date.
F7	This award was canceled in the merger in exchange for a cash payment of $1,596,647.
F8	Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 19,582 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.
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.
F10	Represents Common Units of DRLP awarded in lieu of performance share plans units according to the terms described in footnote 9, upon meeting the change in control performance-based metrics, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934.
F11	Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 70,072 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.