SEC Form 4 · accession 0001209191-16-104616
Prologis, Inc. · PLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas S Olinger
Officer — Chief Financial Officer
Period of report
Mar 1, 2016
Accepted (ET)
Mar 2, 2016 · 5:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001045609
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 1, 2016 | J | 8,350 | $0.00 | D | 29,170 | I | Rabbi Trust |
| Common Stock | holding | — | — | — | 58,022 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP UnitsF1,F2 | $0.00 | Mar 1, 2016 | A | 9,163 | A | — | — | Common Stock | 9,163 | 124,987 | D |
Explanation of responses
- F1Represents an in-service distribution of previously deferred shares of common stock held under the nonqualified deferred compensation (NQDC) plan. Reporting person elected to receive in-service distribution, including cash portion, in the form of LTIP Units.
- F2Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in Prologis, L.P. (a "Common Unit"). Each Common Unit acquired upon conversion of a vested LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of Common Stock of the Company (the "Common Stock"), except that the Company may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert vested LTIP Units into Common Units and redeem Common Units have no expiration dates.