Nicholas C. Anthony - Sep 2, 2021 Form 4 Insider Report for DUKE REALTY CORP (DRE)

Role: EVP, Chief Investment Officer
Signature: Neal A. Lewis for Nicholas C. Anthony per POA prev. filed.
Stock symbol: DRE
Transactions as of: Sep 2, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/7/2021, 01:43 PM
Next filing: Jan 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	DRE	Common Stock						22K	Sep 2, 2021	Direct	F1
holding	DRE	Common Stock						754	Sep 2, 2021	By 401(k) Plan	F2

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	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities		-18.7K	-49.86%		18.8K	Sep 2, 2021	Common Stock	18.7K		Direct	F3, F4
holding	DRE	Units						75.6K	Sep 2, 2021	Common Stock	75.6K		Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Between March 31, 2021 and September 7, 2021, the Reporting Person acquired 224 shares of DRE common stock through dividend reinvestment.
F2	Between March 31, 2021 and September 7, 2021, the Reporting Person acquired 8 shares of DRE's common stock under the Company's 401(k) plan.
F3	Represents phantom stock units acquired under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership. Between March 31, 2021 and September 7, 2021, the Reporting Person acquired 192 shares of common stock through dividend reinvestment. 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.
F4	The Reporting Person transferred the value of phantom stock units in the Plan to other investments in the Plan. The value of the phantom stock units at the time of transfer was $53.65.
F5	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.