SEC Form 4 · accession 0001209191-17-030457
Prologis, Inc. · PLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lydia H Kennard
Director
Period of report
May 1, 2017
Accepted (ET)
May 5, 2017 · 7:46 pm EDT
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 | May 1, 2017 | M | 3,928 | $0.00 | A | 28,288 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Stock Units and Dividend Equivalent Units- NQDCF1 | $0.00 | May 1, 2017 | M | 3,929 | D | — | — | Common Stock | 3,929 | 7,637 | D |
| Deferred Stock Units-NQDCF2 | $0.00 | May 3, 2017 | A | 3,065 | A | — | — | Common Stock | 3,065 | 10,702 | D |
Explanation of responses
- F1Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) that were deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). Original grant terms provided for release of shares on third anniversary of the grant date (May 1, 2014). Shares were released on May 1, 2017. DSUs and DEUs convert into Prologis common stock upon vesting on a 1-for-1 basis, and have no exercise price or expiration date.
- F2Deferred Stock Units (DSUs) granted May 3, 2017 which vest 100% on the earlier of the first anniversary of the grant date, or the first annual meeting of the stockholders of Prologis that occurs after the grant date, and are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan until May 3, 2020. DSUs earn dividend equivalent units (DEUs) when distributions are declared on Prologis common stock and have no exercisable or expiration date. DSUs and accrued DEUs are convertible into Prologis common stock on a 1-for-1 basis. Balance in column 9 includes DSUs and DEUs.