SEC Form 4 · accession 0001404930-16-000071
DUKE REALTY CORP · DRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven R Kennedy
Officer — EVP, Construction
Period of report
Jan 27, 2016
Accepted (ET)
Jan 29, 2016 · 2:12 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 | Jan 27, 2016 | A | 19,389 | $0.00 | A | 70,506 | D | |
| Common StockF3 | Jan 27, 2016 | F | 6,343 | $19.67 | D | 64,163 | D | |
| Common StockF4 | Jan 27, 2016 | J | 13,045 | — | D | 51,118 | D | |
| Common StockF4,F5 | Jan 27, 2016 | J | 13,045 | — | A | 41,285 | I | By Trust |
| Common StockF6 | holding | — | — | — | 1,545 | I | By Parent | |
| Common StockF7 | holding | — | — | — | 85 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options-Right to BuyF8 | $34.13 | holding | — | — | — | — | Feb 10, 2016 | Common Stock | 25,109 | 25,109 | D |
| Employee Stock Options-Right to BuyF9 | $47.88 | holding | — | — | — | — | Feb 10, 2017 | Common Stock | 25,092 | 25,092 | D |
| Employee Stock Options-Right to BuyF10 | $23.34 | holding | — | — | — | — | Feb 10, 2018 | Common Stock | 74,384 | 74,384 | D |
| Phantom Stock UnitsF11 | — | holding | — | — | — | — | — | Common Stock | 22,312 | 22,312 | 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.
- F10The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/10/2013.
- F11Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. Between June 19, 2015 and January 29, 2016, the Reporting Person acquired 612 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.
- F2Between June 19, 2015 and January 29, 2016, the Reporting Person acquired 1,401 shares of DRE common stock through dividend reinvestment.
- F3Represents 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.
- F4Upon the vesting of performance share plan units, 13,045 shares of common stock were deposited into the Steven R. Kennedy Revocable Trust Agreement 12/12/05.
- F5Securities held by the Steven R. Kennedy Revocable Trust Agreement 12/12/05 in which the Reporting Person is the grantor.
- F6By Steven Kennedy for investment control of the Doris H. Kennedy Living Trust and other securities held by the Reporting Person's parent. The Reporting Person disclaims any beneficial interest in these shares.
- F7Between June 19, 2015 and January 29, 2016, the Reporting Person acquired 85 shares of DRE's common stock under the Company's 401(k) plan.
- F8The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/10/2011.
- F9The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/10/2012.