SEC Form 4 · accession 0001404930-16-000094
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
Mar 9, 2016
Accepted (ET)
Mar 10, 2016 · 12:28 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 StockF2 | Mar 9, 2016 | S | 25,018 | $21.28 | D | 28,240 | I | By Trust |
| Common StockF2 | Mar 9, 2016 | G | 355 | $0.00 | D | 27,885 | I | By Trust |
| Common Stock | Mar 9, 2016 | S | 85 | $21.21 | D | 0 | I | By 401(k) Plan |
| Common StockF1 | holding | — | — | — | 42,369 | D | ||
| Common StockF3 | holding | — | — | — | 1,545 | I | By Parent |
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 BuyF4 | $47.68 | holding | — | — | — | — | Feb 10, 2017 | Common Stock | 25,092 | 25,092 | D |
| Employee Stock Options-Right to BuyF5 | $23.14 | holding | — | — | — | — | Feb 10, 2018 | Common Stock | 74,384 | 74,384 | D |
| Phantom Stock UnitsF6 | — | holding | — | — | — | — | — | Common Stock | 22,507 | 22,507 | D |
Explanation of responses
- F1Between February 12, 2016 and March 10, 2016, the Reporting Person acquired 366 shares of DRE common stock through dividend reinvestment.
- F2Securities held by the Steven R. Kennedy Revocable Trust Agreement 12/12/05 in which the Reporting Person is the grantor.
- F3By 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.
- F4The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/10/2012.
- F5The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/10/2013.
- F6Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. Between February 12, 2016 and March 10, 2016, the Reporting Person acquired 195 shares of common stock 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.