Joshua A. Mills - 01 Sep 2021 Form 4 Insider Report for DIGITAL REALTY TRUST, INC. (DLR)

Reporting relationship: EVP, GENERAL COUNSEL
Issuer ticker: DLR
Reported as of: 01 Sep 2021
Net transaction value: -$412,500
SEC form: 4
Accepted by SEC: 02 Sep 2021, 19:09:49 UTC
Prior SEC filing: 10 Jun 2021
Next SEC filing: 29 Nov 2022
Source filing: View source filing
Reporting owner signature: /s/ Christopher Visgilio, Attorney-in-Fact

Key filing fact

Joshua A. Mills filed Form 4 for DIGITAL REALTY TRUST, INC. (DLR) on 02 Sep 2021.

Key facts

This page summarizes Joshua A. Mills's Form 4 filing for DIGITAL REALTY TRUST, INC. (DLR).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 02 Sep 2021, 19:09.

Change

Previous filing in this sequence was filed on 10 Jun 2021.
Current net transaction value: -$412,500.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DLR transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +2,500
Change %: +60%
Price: $0.000000
Shares after: 6,666
Date: 01 Sep 2021
Ownership: Direct
Footnotes: F1, F2

DLR transaction

Common Stock

Sale

Transaction value: $412,500
Shares: -2,500
Change %: -38%
Price: $165.00
Shares after: 4,166
Date: 01 Sep 2021
Ownership: Direct
Footnotes: F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DLR transaction Derivative

Long-Term Incentive Units

Options Exercise

Transaction value: $0
Shares: -2,500
Change %: -3.9%
Price: $0.000000
Shares after: 62,066
Date: 01 Sep 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,500
Exercise price
Footnotes: F2, F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The reporting person converted long-term incentive units into common limited partnership units ("Common Units") of Digital Realty Trust, L.P. (the "Operating Partnership"), of which the Issuer is the general partner, and subsequently redeemed the Common Units for shares of the common stock of the Issuer, all in accordance with the requirements of the Limited Partnership Agreement of the Operating Partnership.

Footnote F2

Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P. ("Operating Partnership"), of which the Issuer is the general partner. Profits interest units may initially not have full parity with common limited partnership units of Operating Partnership ("Common Units") with respect to liquidating distributions; however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes. Vested profits interest units that have achieved full parity with Common Units may be converted into an equal number of Common Units on a 1-for-1 basis at any time. Common Units are redeemable for cash based on the FMV of an equivalent number of shares of common stock of the Issuer, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.

Footnote F3

The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan previously adopted by Mr. Mills.

Footnote F4

N/A

SEC 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 Operating Partnership