SEC Form 4 · accession 0001404930-15-000034
DUKE REALTY CORP · DRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James B. Connor
Officer — Sr EVP and COO
Period of report
Mar 23, 2015
Accepted (ET)
Mar 24, 2015 · 4:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000783280
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 23, 2015 | S | 9,000 | $22.51 | D | 111,247 | D | |
| Common StockF2 | holding | — | — | — | 9,666 | I | By 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF3 | — | holding | — | — | — | — | — | Common Stock | 12,293 | 12,293 | D |
| LTIP UnitsF4 | — | holding | — | — | — | — | — | Common Stock | 24,399 | 24,399 | D |
Explanation of responses
- F1Between February 12, 2015 and March 24, 2015, the Reporting Person acquired 562 shares of DRE common stock through dividend reinvestment.
- F2Between February 12, 2015 and March 24, 2015, the Reporting Person acquired 445 shares of DRE's common stock under the Company's 401(k) plan.
- F3Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. Between February 12, 2015 and March 24, 2015, the Reporting Person acquired 97 phantom stock units through dividend reinvestment. The units are valued on a one to one basis to the Company's common stock and are to be settled in stock upon the termination of employment.
- F4Represents 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 earned and vested, each LTIP Unit may be converted 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 are generally not convertible until two years from the date of the grant. LTIP Units vest in three equal installments beginning on February 10, 2016 and have no expiration date.