SEC Form 4 · accession 0001404930-18-000033
DUKE REALTY CORP · DRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James B. Connor
Officer — President and CEO · Director
Period of report
Feb 10, 2018
Accepted (ET)
Feb 13, 2018 · 5:26 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 | F | 16,477 | $25.37 | D | 204,148 | D | |
| Common Stock | holding | — | — | — | 8,653 | I | By the Linda P. Connor Declaration of Trust dated 6/30/2005 | |
| Common Stock | holding | — | — | — | 11,897 | 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 UnitsF3,F5 | — | Feb 10, 2018 | J | 8,133 | D | — | — | Common Stock | 8,133 | 0 | D |
| LTIP UnitsF3,F6 | — | Feb 10, 2018 | J | 14,076 | D | — | — | Common Stock | 14,076 | 28,152 | D |
| LTIP UnitsF3,F7 | — | Feb 10, 2018 | A | 48,023 | A | — | — | Common Stock | 48,023 | 48,023 | D |
| LTIP UnitsF3,F8 | — | Feb 10, 2018 | A | 15,097 | A | — | — | Common Stock | 15,097 | 15,097 | D |
| UnitsF9 | — | Feb 10, 2018 | J | 22,209 | A | — | — | Common Stock | 22,209 | 38,475 | D |
| Phantom Stock UnitsF2 | — | holding | — | — | — | — | — | Common Stock | 13,198 | 13,918 | D |
Explanation of responses
- F1Represents 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.
- F2Represents 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 termination of employment.
- F3Represents 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.
- F4LTIP Units converted into Common Units of limited partnership interest in DRLP according to terms described above.
- F5LTIP Units vest in three equal installments beginning on February 10, 2016 and have no expiration date.
- F6LTIP Units vest in three equal installments beginning on February 10, 2018 and have no expiration date.
- F7LTIP Units vest in three equal installments beginning on February 10, 2019 and have no expiration date.
- F8LTIP Units vest in two equal installments beginning on February 10, 2019 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.