Erich Sanchack - Jan 1, 2022 Form 4 Insider Report for DIGITAL REALTY TRUST, L.P. (DLR)

Role
EVP, CHIEF OPERATING OFFICER
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, 08:15 PM
Previous filing
Sep 2, 2021
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 Award $0 +5.2K +10.91% $0.00 52.9K Jan 1, 2022 Common Units 5.2K Direct F1, F2, F3
* 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 the Issuer, of which Digital Realty Trust, Inc. ("General Partner") is the general partner. Vested profits interest units may be converted into an equal number of common limited partnership ("Common Units") in the Issuer subject to the terms of the Issuer's limited partnership agreement. Common Units are redeemable for cash based on the fair market value of an equivalent numbers of shares of the General Partner's common stock, or, at the election of the General Partner, for an equal number of shares of the General Partner'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 The units will vest in four equal annual installments beginning on February 27, 2023. The vested profits interest units have no expiration date.
F3 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 General Partner.