SEC Form 4 · accession 0001404930-17-000006
DUKE REALTY CORP · DRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dennis D Oklak
Director
Period of report
Jan 25, 2017
Accepted (ET)
Jan 27, 2017 · 11:13 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,F2 | Jan 25, 2017 | A | 106,741 | $0.00 | A | 395,599 | D | |
| Common StockF3 | Jan 25, 2017 | M | 12,075 | — | A | 407,674 | D | |
| Common StockF4 | Jan 25, 2017 | F | 50,105 | $26.20 | D | 357,569 | D | |
| Common Stock | holding | — | — | — | 953 | 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 UnitsF3,F7 | — | Jan 25, 2017 | M | 12,075 | D | — | — | Common Stock | 12,075 | 33,923 | D |
| Employee Stock Options-Right to BuyF5 | $47.68 | holding | — | — | — | — | Feb 10, 2017 | Common Stock | 86,987 | 86,987 | D |
| Phantom Stock UnitsF6 | — | holding | — | — | — | — | — | Common Stock | 397,781 | 397,781 | 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.
- F2Balance reflects reduction of 392 dividend reinvestment shares previously reported.
- F3On January 25, 2017, the Reporting Person received 12,075 shares of DRE common stock in settlement of an equal number of shares of phantom stock held pursuant to the 2000 Performance Share Plan of Duke Realty Corporation.
- 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 and upon the settlement of phantom stock held pursuant to the 2000 Performance Share Plan of Duke Realty Corporation.
- F5The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/10/2012.
- F6Represents phantom stock units acquired under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership. The units are valued on a one to one basis to the Company's common stock and are to be settled in cash and/or stock upon the Reporting Person's termination of employment.
- F7Represents 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 Reporting Person's termination of employment.