SEC Form 4 · accession 0001404930-19-000007
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
Jan 30, 2019
Accepted (ET)
Jan 31, 2019 · 12:42 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 | holding | — | — | — | 37,953 | D | ||
| Common StockF2 | holding | — | — | — | 607 | 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 | — | Jan 30, 2019 | A | 8,306 | A | — | — | Common Stock | 8,306 | 18,564 | D |
| UnitsF7,F8 | — | Jan 30, 2019 | A | 16,992 | A | — | — | Common Stock | 16,992 | 51,340 | D |
| Phantom Stock UnitsF3 | — | holding | — | — | — | — | — | Common Stock | 36,232 | 36,232 | D |
| LTIP UnitsF4,F5 | — | holding | — | — | — | — | — | Common Stock | 5,664 | 5,664 | D |
Explanation of responses
- F1Through January 31, 2019, the Reporting Person acquired 414 shares of DRE common stock through dividend reinvestment.
- F2Between September 20, 2018 and January 31, 2019, the Reporting Person acquired 65 shares of DRE's common stock under the Company's 401(k) plan.
- F3Represents phantom stock units acquired under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership. Between September 20, 2018 and January 31, 2019, the Reporting Person acquired 132 shares of common stock through dividend reinvestment. 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 vest in three equal installments beginning on February 10, 2017 and have no expiration date.
- F6LTIP Units awarded in lieu of performance share plan units and upon meeting the performance-based conditions, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934. LTIP Units are awarded according to the terms described in footnote 4 and have no expiration date.
- F7Represents 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.
- F8Represents Common Units of DRLP awarded in lieu of performance share plans units, upon meeting the performance-based metrics, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934.