SEC Form 4 · accession 0001404930-17-000008
DUKE REALTY CORP · DRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark A Denien
Officer — EVP & CFO
Period of report
Jan 25, 2017
Accepted (ET)
Jan 27, 2017 · 11:15 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 | 24,415 | $0.00 | A | 67,547 | D | |
| Common StockF3 | Jan 25, 2017 | F | 7,872 | $26.10 | D | 59,675 | D | |
| Common StockF4 | holding | — | — | — | 9,219 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP UnitsF5,F6 | — | holding | — | — | — | — | — | Common Stock | 11,032 | 11,032 | D |
| LTIP UnitsF5,F7 | — | holding | — | — | — | — | — | Common Stock | 22,268 | 22,268 | D |
| UnitsF8 | — | holding | — | — | — | — | — | Common Stock | 5,517 | 5,517 | 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.
- F2Between May 12, 2016 and January 27, 2017, the Reporting Person acquired 455 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.
- F4Between May 12, 2016 and January 27, 2017, the Reporting Person acquired 85 shares of DRE's common stock under the Company's 401(k) plan.
- F5Represents units of limited partnership interest (LTIP Unit) in Duke Realty Limited Partnership (DRLP), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based incentive programs. When earned and vested, each LTIP Unit may be converted into a Common Unit of limited partnership interest in DRLP. Each Common Unit acquired upon the conversion of an LTIP Unit is redeemable by the holder for shares of common stock of the Issuer on a one-for-one basis. LTIP units are generally not convertible until two years from the date of the grant.
- F6LTIP Units vest in three equal installments beginning on February 10, 2016 and have no expiration date.
- F7LTIP Units vest in three equal installments beginning on February 10, 2017 and have no expiration date.
- F8Represents Common Units of DRLP. Each Common Unit is redeemable by the holder for shares of common stock of the Issuer on a one-for-one basis. Common Units have no expiration date.