Ann C. Dee - Nov 2, 2021 Form 4 Insider Report for DUKE REALTY CORP (DRE)

Role: EVP,General Counsel & Corp Sec
Signature: Neal A. Lewis for Ann C. Dee per POA prev. filed.
Stock symbol: DRE
Transactions as of: Nov 2, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/4/2021, 09:45 AM
Next filing: Dec 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DRE	Common Stock	Gift	$0	-1.8K	-3.57%	$0.00	48.4K	Nov 2, 2021	Direct	F1
holding	DRE	Common Stock						1.45K	Nov 2, 2021	By Spouse	F2
holding	DRE	Common Stock						2.7K	Nov 2, 2021	By 401(k) Plan	F3

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
holding	DRE	LTIP Units						21.1K	Nov 2, 2021	Common Stock	21.1K		Direct	F4, F5
holding	DRE	Units						89.3K	Nov 2, 2021	Common Stock	89.3K		Direct	F6
holding	DRE	Phantom Stock Units						20.1K	Nov 2, 2021	Common Stock	20.1K		Direct	F7

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

Explanation of Responses:

Id	Content
F1	Between April 1, 2021 and November 4, 2021, the Reporting Person acquired 185 shares of DRE common stock through dividend reinvestment.
F2	Between April 1, 2021 and November 4, 2021, the Reporting Person acquired 15 shares of DRE common stock through dividend reinvestment.
F3	Between April 1, 2021 and November 4, 2021, the Reporting Person acquired 28 shares of DRE's common stock under the Company's 401(k) plan.
F4	Represents units of limited partnership interest (LTIP Unit) in Duke Realty Limited Partnership (DRLP), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based incentive programs. When both earned and vested, each LTIP Unit will automatically convert into a Common Unit of limited partnership interest in DRLP. Each Common Unit acquired upon the conversion of an LTIP 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 the grant.
F5	LTIP Units awarded in lieu of performance share plan units and upon meeting the performance-based conditions, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934. LTIP Units are awarded according to the terms described in footnote 4 and have no expiration date.
F6	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.
F7	Represents phantom stock units accrued under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership. Between April 1, 2021 and November 4, 2021, the Reporting Person acquired 158 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.