SEC Form 4 · accession 0001494877-18-000077
DIGITAL REALTY TRUST, L.P. · DLR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward F Sham
Officer — Chief Accounting Officer
Period of report
Jul 5, 2018
Accepted (ET)
Jul 9, 2018 · 5:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001494877
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF2,F3 | Jul 5, 2018 | M | 1,869 | — | A | 1,869 | D | |
| Common UnitsF2,F3 | Jul 5, 2018 | M | 1,869 | — | D | 0 | D | |
| Common UnitsF2,F3 | Jul 6, 2018 | M | 8,566 | — | A | 8,566 | D | |
| Common UnitsF2,F3 | Jul 6, 2018 | M | 8,566 | — | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-Term Incentive UnitsF3,F2,F4 | — | Jul 5, 2018 | M | 1,869 | D | — | — | Common Units | 1,869 | 73,075 | D |
| Long-Term Incentive UnitsF3,F2,F4 | — | Jul 6, 2018 | M | 8,566 | D | — | — | Common Units | 8,566 | 64,509 | D |
Explanation of responses
- F1The reporting person converted long-term incentive units into common limited partnership units ("Common Units") of the Issuer and subsequently redeemed the Common Units for shares of the common stock of Digital Realty Trust, Inc., a Maryland corporation and the general partner of the Issuer (the "General Partner"), all in accordance with the requirements of the Limited Partnership Agreement of the Issuer.
- F2The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan previously adopted by Mr. Sham.
- F3Long-term incentive units are profits interest units in the Issuer, of which Digital Realty Trust, Inc. ("General Partner") is the general partner. Vested profits interest units may be converted into an equal number of common limited partnership ("Common Units") in the Issuer subject to the terms of the Issuer's limited partnership agreement. Common Units are redeemable for cash based on the fair market value of an equivalent numbers of shares of the General Partner's common stock, or, at the election of the General Partner, for an equal number of shares of the General Partner's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.
- F4N/A
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 the General Partner. The changes in beneficial ownership reported on this Form 4 for the Issuer are as a result of the same transactions reported in the Form 4 for the General Partner.