SEC Form 4 · accession 0001404930-18-000064
DUKE REALTY CORP · DRE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter D. Harrington
Officer — EVP, Construction
Period of report
Nov 13, 2018
Accepted (ET)
Nov 15, 2018 · 4:45 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 Stock | Nov 13, 2018 | G | 1,352 | $0.00 | D | 14,467 | D | |
| Common Stock | holding | — | — | — | 8,906 | 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 UnitsF1,F2 | — | holding | — | — | — | — | — | Common Stock | 3,684 | 3,684 | D |
| UnitsF3 | — | holding | — | — | — | — | — | Common Stock | 1,842 | 1,842 | D |
| Phantom Stock UnitsF4 | — | holding | — | — | — | — | — | Common Stock | 41,132 | 41,132 | D |
Explanation of responses
- F1Represents 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.
- F2LTIP Units vest in three equal installments beginning on February 10, 2018 and have no expiration date.
- F3Represents 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.
- F4Represents 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.