Gregory Wright - Jan 13, 2023 Form 4 Insider Report for DIGITAL REALTY TRUST, L.P. (DLR)

Role: CHIEF INVESTMENT OFFICER
Signature: /s/ Christopher Visgilio, Attorney-in-Fact
Stock symbol: DLR
Transactions as of: Jan 13, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/18/2023, 05:06 PM
Previous filing: Jan 4, 2023
Next filing: Mar 7, 2023

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	+6.89K	+13.44%	$0.00	58.1K	Jan 13, 2023	Common Units	6.89K		Direct	F1, F2

* 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 P artner") 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 P artner's common stock, or, at the election of the General P artner, for an equal number of shares of the General P artner'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	Reflects an award initially granted on February 19, 2020 that was subject to a performance-based vesting condition which was determined to be satisfied on January 13, 2023. The number of units reported herein includes 483 distribution equivalent units, which vested effective as of December 31, 2022. The remaining 6,403 units are subject to an additional time-based vesting condition, pursuant to which 50% of the units will vest annually over two years, beginning on February 27, 2023. The vested profits interest units have no expiration date.

Content

Long-term incentive units are profits interest units in the Issuer, of which Digital Realty Trust, Inc. ("General P artner") 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 P artner's common stock, or, at the election of the General P artner, for an equal number of shares of the General P artner's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.

Reflects an award initially granted on February 19, 2020 that was subject to a performance-based vesting condition which was determined to be satisfied on January 13, 2023. The number of units reported herein includes 483 distribution equivalent units, which vested effective as of December 31, 2022. The remaining 6,403 units are subject to an additional time-based vesting condition, pursuant to which 50% of the units will vest annually over two years, beginning on February 27, 2023. The vested profits interest units have no expiration date.

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.