SEC Form 4 · accession 0001404930-16-000069
DUKE REALTY CORP · DRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James B. Connor
Officer — President and CEO · Director
Period of report
Jan 27, 2016
Accepted (ET)
Jan 29, 2016 · 2:07 pm EST
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,F2,F3 | Jan 27, 2016 | A | 28,204 | $0.00 | A | 132,903 | D | |
| Common StockF4 | Jan 27, 2016 | F | 9,297 | $19.67 | D | 123,606 | D | |
| Common StockF3 | holding | — | — | — | 8,653 | I | By the Linda P. Connor Declaration of Trust dated 6/30/2005 | |
| Common StockF5 | holding | — | — | — | 10,105 | 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 UnitsF6 | — | holding | — | — | — | — | — | Common Stock | 12,750 | 12,750 | D |
| LTIP UnitsF7 | — | holding | — | — | — | — | — | Common Stock | 24,399 | 24,399 | D |
Explanation of responses
- F1Represents an award of performance share plan units pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934.
- F2Between March 24, 2015 and January 29, 2016, the Reporting Person acquired 2,105 shares of DRE common stock through dividend reinvestment.
- F3Balance reflects that shares reported in previous filings as directly owned are now reported as indirectly owned by the Linda P. Connor Declaration of Trust dated 6/30/2005.
- F4Represents shares withheld for taxes upon the vesting of performance share plan units granted pursuant to Rule 16b-3 of Section 16b of the Securities Exchange Act of 1934.
- F5Between March 24, 2015 and January 29, 2016, the Reporting Person acquired 439 shares of DRE's common stock under the Company's 401(k) plan.
- F6Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. Between March 24, 2015 and January 29, 2016, the Reporting Person acquired 457 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.
- F7Represents 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.