Ann C. Dee - 03 Oct 2022 Form 4 Insider Report for DUKE REALTY CORP

Footnote F1

Represents an award of performance share plan units pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934.

Footnote F2

Between February 14, 2022 and October 5, 2022, the Reporting Person acquired 261 shares of DRE common stock through dividend reinvestment.

Footnote F3

Represents shares withheld for taxes upon the vesting of restricted stock units granted pursuant to Rule 16b-3 of Section 16b of the Securities Exchange Act of 1934.

Footnote F4

This award was canceled in the merger in exchange for a cash payment of $3,845,636.

Footnote F5

Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 35,287 shares of Prologis, Inc. common stock having a market value of $101.60 per share on the effective date of the merger.

Footnote F6

Between February 14, 2022 and October 5, 2022, the Reporting Person acquired 15 shares of DRE common stock through dividend reinvestment.

Footnote F7

Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 697 shares of Prologis, Inc. common stock having a market value of $101.60 per share on the effective date of the merger.

Footnote F8

Between February 14, 2022 and October 5, 2022, the Reporting Person acquired 253 shares of DRE's common stock under the Company's 401(k) plan.

Footnote F9

Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 1,449 shares of Prologis, Inc. common stock having a market value of $101.60 per share on the effective date of the merger.

Footnote F10

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 F11

Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 6,485 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.

Footnote F12

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 F13

Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 45,948 OP common units of Prologis, L.P. having a market value of $101.60 per unit on the effective date of the merger.

Footnote F14

Represents phantom stock units accrued under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership. 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.

Footnote F15

Represents shares withheld for taxes upon the distribution of deferred shares granted pursuant to Rule 16b-3 of Section 16b of the Securities Exchange Act of 1934.

Footnote F16

Between February 14, 2022 and October 5, 2022, the Reporting Person acquired 255 shares of DRE common stock through dividend reinvestment.

Footnote F17

This award was canceled in the merger in exchange for a cash payment of $222,382.

Footnote F18

Disposed of pursuant to merger agreement between issuer and Prologis, Inc. in exchange for 4,398 shares of Prologis, Inc. common stock having a market value of $101.60 per share on the effective date of the merger.