Michael S. Curless - Sep 10, 2021 Form 4 Insider Report for Prologis, Inc. (PLD)

Role
Chief Customer Officer
Signature
/s/ Tammy Colvocoresses, attorney in fact for Michael S. Curless
Stock symbol
PLD
Transactions as of
Sep 10, 2021
Transactions value $
-$800
Form type
4
Date filed
9/14/2021, 12:24 PM
Next filing
Jan 3, 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 PLD LTIP Units Gift -$960 -96K -12.28% $0.01* 686K Jun 3, 2021 Common Stock 96K $0.00 Direct F1
transaction PLD LTIP Units Award $960 +96K $0.01* 96K Jun 3, 2021 Common Stock 96K $0.00 By Curless LLC F1, F2
transaction PLD LTIP Units Options Exercise -$800 -80K -11.67% $0.01* 606K Sep 10, 2021 Common Stock 80K $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in Prologis, L.P. (a "Common Unit"). Each Common Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of Common Stock of the Company (the "Common Stock"), except that the Company may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert vested LTIP Units into Common Units and redeem Common Units have no expiration dates.
F2 Represents LTIP Units transferred to a Limited Liability Company (LLC) where the reporting person is the sole member.
F3 Conversion of LTIP Units (the "LTIP Units") of Prologis, L.P. into common units of Prologis, L.P. (the "Common Units") and redemption of Common Units for cash. The units have no exercisable date or expiration date.