Andrew Power - Jan 1, 2022 Form 4 Insider Report for DIGITAL REALTY TRUST, INC. (DLR)

Signature
/s/ Christopher Visgilio, Attorney-in-Fact
Stock symbol
DLR
Transactions as of
Jan 1, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 07:58 PM
Previous filing
Feb 14, 2022
Next filing
Jan 19, 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 DLR Long-Term Incentive Units Gift $0 -34 -0.02% $0.00 147K Dec 1, 2021 Common Stock 34 Direct F1, F2, F3
transaction DLR Long-Term Incentive Units Award $0 +8.47K +5.76% $0.00 156K Jan 1, 2022 Common Stock 8.47K Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P. ("Operating Partnership"), of which the Issuer is the general partner. Profits interest units may initially not have full parity with common limited partnership units of Operating Partnership ("Common Units") with respect to liquidating distributions; however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes. Vested profits interest units that have achieved full parity with Common Units may be converted into an equal number of Common Units on a 1-for-1 basis at any time. Common Units are redeemable for cash based on the FMV of an equivalent number of shares of common stock of the Issuer, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.
F2 In accordance with the requirements of the Limited Partnership Agreement of the Operating Partnership, the Long-Term Incentive Units were converted into Common Units in connection with the Reporting Person's charitable gift.
F3 N/A
F4 The units will vest in two equal annual installments beginning on February 27, 2023. The vested profits interest units have no expiration date.
F5 Updated to correct a scrivener's error in the Form 4 filed on March 1, 2021

Remarks:

This statement of changes in beneficial ownership of securities ("Form 4") of the Issuer is being filed to report transactions that are being reported concurrently on a Form 4 for the Operating Partnership.