SEC Form 4 · accession 0001404930-16-000087
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
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 10:19 am 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 | Feb 10, 2016 | A | 11,587 | $0.00 | A | 62,705 | D | |
| Common StockF2 | Feb 10, 2016 | F | 8,729 | $19.31 | D | 53,976 | D | |
| Common StockF3 | Feb 10, 2016 | J | 11,973 | — | D | 42,003 | D | |
| Common StockF3,F4 | Feb 10, 2016 | J | 11,973 | — | A | 53,258 | I | By Trust |
| Common StockF5 | holding | — | — | — | 1,545 | I | By Parent | |
| Common Stock | 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 BuyF6 | $47.68 | holding | — | — | — | — | Feb 10, 2017 | Common Stock | 25,092 | 25,092 | D |
| Employee Stock Options-Right to BuyF7 | $23.14 | holding | — | — | — | — | Feb 10, 2018 | Common Stock | 74,384 | 74,384 | D |
| Phantom Stock UnitsF8 | — | holding | — | — | — | — | — | Common Stock | 22,312 | 22,312 | D |
Explanation of responses
- F1Represents an award of restricted stock units pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934.
- F2Represents shares withheld for taxes upon the vesting of restricted stock units granted pursuant to Rule 16b-3 of Section 16b of the Securities Exchange Act of 1934.
- F3Upon the vesting of restricted stock units, 11,973 shares of common stock were deposited into the Steven R. Kennedy Revocable Trust Agreement 12/12/05.
- F4Securities held by the Steven R. Kennedy Revocable Trust Agreement 12/12/05 in which the Reporting Person is the grantor.
- F5By 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.
- F6The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/10/2012. The exercise price was automatically reduced from $47.88 to $47.68 in accordance with Article 15 of the long term incentive plan upon payment of a special dividend by the Company.
- F7The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/10/2013. The exercise price was automatically reduced from $23.34 to $23.14 in accordance with Article 15 of the long term incentive plan upon payment of a special dividend by the Company.
- F8Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. 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.