Mark A. Denien - 03 Oct 2022 Form 4 Insider Report for DUKE REALTY CORP

Footnote F1

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.

Footnote F2

Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 2,122 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.

Footnote F3

Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 3,889 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.

Footnote F4

Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 5,093 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.

Footnote F5

LTIP Units awarded in lieu of performance share plan units, upon meeting the change in control performance-based conditions and 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 1 and have no expiration date.

Footnote F6

This award was canceled in the merger in exchange for a cash payment of $1,993,059.

Footnote F7

Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 29,979 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.

Footnote F8

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.

Footnote F9

Represents Common Units of DRLP awarded in lieu of performance share plans units according to the terms described in footnote 8, upon meeting the change in control performance-based metrics, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934.

Footnote F10

Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 72,333 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.