SEC Form 4 · accession 0001404930-18-000028
DUKE REALTY CORP · DRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nicholas C. Anthony
Officer — EVP, Chief Investment Officer
Period of report
Feb 10, 2018
Accepted (ET)
Feb 13, 2018 · 5:21 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 StockF1 | Feb 10, 2018 | A | 17,074 | — | A | 46,798 | D | |
| Common StockF2 | Feb 10, 2018 | F | 2,525 | $25.37 | D | 44,273 | D | |
| Common Stock | holding | — | — | — | 531 | 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 UnitsF4,F6 | — | Feb 10, 2018 | J | 3,836 | D | — | — | Common Stock | 3,836 | 0 | D |
| LTIP UnitsF4,F7 | — | Feb 10, 2018 | J | 5,664 | D | — | — | Common Stock | 5,664 | 5,664 | D |
| UnitsF9 | — | Feb 10, 2018 | J | 9,500 | A | — | — | Common Stock | 9,500 | 34,348 | D |
| Phantom Stock UnitsF3 | — | holding | — | — | — | — | — | Common Stock | 35,720 | 35,720 | D |
| LTIP UnitsF4,F8 | — | holding | — | — | — | — | — | Common Stock | 10,258 | 10,258 | 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.
- F3Represents 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.
- F4Represents 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.
- F5LTIP Units converted into Common Units of limited partnership interest in DRLP according to terms described above.
- 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.
- F8LTIP Units awarded in lieu of performance share plan units, upon meeting the performance-based conditions, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934 vest in three years on January 31, 2021 and have no expiration date.
- F9Represents 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.