Steven W. Schnur - Jan 26, 2022 Form 4 Insider Report for DUKE REALTY CORP (DRE)

Role: EVP, Chief Operating Officer
Signature: Neal A. Lewis for Steven W. Schnur per POA prev. filed.
Stock symbol: DRE
Transactions as of: Jan 26, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/28/2022, 07:55 AM
Previous filing: Nov 16, 2021
Next filing: Feb 14, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	DRE	Common Stock						8.01K	Jan 26, 2022	Direct	F1
holding	DRE	Common Stock						2.49K	Jan 26, 2022	By 401(k) Plan	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DRE	LTIP Units	Award	$0	+28.3K	+157.63%	$0.00	46.2K	Jan 26, 2022	Common Stock	28.3K		Direct	F3, F6
transaction	DRE	Units	Award	$0	+19.9K	+35.86%	$0.00	75.6K	Jan 26, 2022	Common Stock	19.9K		Direct	F7, F8
holding	DRE	LTIP Units						7.15K	Jan 26, 2022	Common Stock	7.15K		Direct	F3, F4
holding	DRE	LTIP Units						10.3K	Jan 26, 2022	Common Stock	10.3K		Direct	F3, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Between November 16, 2021 and January 28, 2022, the Reporting Person acquired 18 shares of DRE common stock through dividend reinvestment.
F2	Between November 16, 2021 and January 28, 2022, the Reporting Person acquired 62 shares of DRE's common stock under the Company's 401(k) Plan.
F3	Represents 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 both earned and vested, each LTIP Unit will automatically convert 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 converted to Common Units are generally not redeemable until two years from the date of the grant.
F4	LTIP Units vest in three equal installments beginning on February 10, 2021 and have no expiration date.
F5	LTIP Units vest in three equal installments beginning on February 10, 2022 and have no expiration date.
F6	LTIP 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 3 and have no expiration date.
F7	Represents LTIP Units that have converted to 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. LTIP Units converted to Common Units are generally not redeemable until two years from the date of grant and have no expiration date.
F8	Represents Common Units of DRLP awarded in lieu of performance share plans units according to the terms described in footnote 7, upon meeting the performance-based metrics, pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934.