Steven W. Schnur - Nov 12, 2021 Form 4 Insider Report for DUKE REALTY CORP (DRE)

Signature
Neal A. Lewis for Steven W. Schnur per POA prev. filed.
Stock symbol
DRE
Transactions as of
Nov 12, 2021
Transactions value $
$0
Form type
4
Date filed
11/16/2021, 11:29 AM
Next filing
Jan 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding DRE Common Stock 7.99K Nov 12, 2021 Direct F1
holding DRE Common Stock 2.43K Nov 12, 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 -9.91K -100% 0 Nov 12, 2021 Common Stock 9.91K Direct F3, F4
holding DRE LTIP Units 7.15K Nov 12, 2021 Common Stock 7.15K Direct F5, F6
holding DRE LTIP Units 10.3K Nov 12, 2021 Common Stock 10.3K Direct F5, F7
holding DRE LTIP Units 17.9K Nov 12, 2021 Common Stock 17.9K Direct F5, F8
holding DRE Units 55.6K Nov 12, 2021 Common Stock 55.6K Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Between May 5, 2021 and November 16, 2021, the Reporting Person acquired 82 shares of DRE common stock through dividend reinvestment.
F2 Between May 5, 2021 and November 16, 2021, the Reporting Person acquired 25 shares of DRE's common stock under the Company's 401(k) Plan.
F3 Represents phantom stock units accrued under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership (the Plan). 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 $57.67.
F5 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.
F6 LTIP Units vest in three equal installments beginning on February 10, 2021 and have no expiration date.
F7 LTIP Units vest in three equal installments beginning on February 10, 2022 and have no expiration date.
F8 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 5 and have no expiration date.
F9 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.