Nicholas C. Anthony - 03 Oct 2022 Form 4 Insider Report for DUKE REALTY CORP

Role
EVP, Chief Investment Officer
Signature
Neal A. Lewis for Nicholas C. Anthony per POA prev. filed.
Issuer symbol
N/A
Transactions as of
03 Oct 2022
Net transactions value
-$5,431,034
Form type
4
Filing time
05 Oct 2022, 18:32:36 UTC
Previous filing
14 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRE Common Stock Award $0 +89,294 +141% $0.000000 152,780 03 Oct 2022 Direct F1, F2
transaction DRE Common Stock Tax liability $415,181 -8,603 -5.6% $48.26 144,177 03 Oct 2022 Direct F3
transaction DRE Common Stock Disposed to Issuer $4,632,573 -89,294 -62% $51.88 54,883 03 Oct 2022 Direct F4
transaction DRE Common Stock Disposed to Issuer -54,883 -100% 0 03 Oct 2022 Direct F5
transaction DRE Common Stock Disposed to Issuer -821 -100% 0 03 Oct 2022 By 401(k) Plan F6, F7

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 Phantom Stock Units Tax liability $383,281 -7,942 -41% $48.26 11,273 03 Oct 2022 Common Stock 7,942 Direct F8, F9, F10
transaction DRE Phantom Stock Units Disposed to Issuer -11,273 -100% 0 03 Oct 2022 Common Stock 11,273 Direct F8, F11
transaction DRE Units Disposed to Issuer -75,568 -100% 0 03 Oct 2022 Common Stock 75,568 Direct F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Nicholas C. Anthony is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents an award of performance share plan units pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934.
F2 Between February 14, 2022 and October 5, 2022, the Reporting Person acquired 320 shares of DRE common stock through dividend reinvestment.
F3 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.
F4 This award was canceled in the merger in exchange for a cash payment of $4,632,456.
F5 Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 26,069 shares of Prologis, Inc. common stock having a market value of $101.60 per share on the effective date of the merger.
F6 Between February 14, 2022 and October 5, 2022, the Reporting Person acquired 13 shares of DRE's common stock under the Company's 401(k) plan.
F7 Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 389 shares of Prologis, Inc. common stock having a market value of $101.60 per share on the effective date of the merger.
F8 Represents phantom stock units acquired 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.
F9 Represents shares withheld for taxes upon the distribution of deferred shares granted pursuant to Rule 16b-3 of Section 16b of the Securities Exchange Act of 1934.
F10 Between February 14, 2022 and October 5, 2022, the Reporting Person acquired 311 shares of DRE common stock through dividend reinvestment.
F11 Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 5,354 shares of Prologis, Inc. common stock having a market value of $101.60 per share on the effective date of the merger.
F12 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.
F13 Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 35,894 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.