SEC Form 4 · accession 0001404930-16-000106
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
Jun 20, 2016
Accepted (ET)
Jun 22, 2016 · 10:57 am 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 | Jun 20, 2016 | M | 74,384 | $0.00 | A | 117,075 | D | |
| Common Stock | Jun 20, 2016 | F | 70,320 | $25.62 | D | 46,755 | D | |
| Common StockF2 | Jun 21, 2016 | J | 4,064 | — | D | 42,691 | D | |
| Common StockF2,F3 | Jun 21, 2016 | J | 4,064 | — | A | 31,949 | I | By Trust |
| Common StockF4 | holding | — | — | — | 725 | 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 BuyF6 | $23.14 | Jun 20, 2016 | M | 74,384 | D | — | Feb 10, 2018 | Common Stock | 74,384 | 0 | D |
| Employee Stock Options-Right to BuyF5 | $47.68 | holding | — | — | — | — | Feb 10, 2017 | Common Stock | 25,092 | 25,092 | D |
| Phantom Stock UnitsF7 | — | holding | — | — | — | — | — | Common Stock | 22,678 | 22,678 | D |
Explanation of responses
- F1Between May 5, 2016 and June 22, 2016, the Reporting Person acquired 322 shares of DRE common stock through dividend reinvestment.
- F2After the exercise of options, 4,064 shares of common stock were deposited into the Steven R. Kennedy Revocable Trust Agreement 12/12/05.
- F3Securities held by the Steven R. Kennedy Revocable Trust Agreement 12/12/05 in which the Reporting Person is the grantor.
- F4By 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.
- F5The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/10/2012.
- F6The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/10/2013.
- F7Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. Between May 5, 2016 and June 22, 2016, the Reporting Person acquired 171 shares of DRE 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.