Steven W. Schnur - Feb 10, 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: Feb 10, 2022
Transactions value $: -$88,401
Form type: 4
Date filed: 2/14/2022, 02:01 PM
Previous filing: Jan 28, 2022
Next filing: Aug 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DRE	Common Stock	Tax liability	-$88.4K	-1.58K	-19.74%	$55.95	6.43K	Feb 10, 2022	Direct	F1
holding	DRE	Common Stock						2.49K	Feb 10, 2022	By 401(k) Plan

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	Other	$0	-3.58K	-50.01%	$0.00	3.58K	Feb 10, 2022	Common Stock	3.58K		Direct	F2, F3, F4
transaction	DRE	LTIP Units	Other	$0	-3.43K	-33.34%	$0.00	6.87K	Feb 10, 2022	Common Stock	3.43K		Direct	F2, F3, F5
transaction	DRE	LTIP Units	Award	$0	+8.94K		$0.00	8.94K	Feb 10, 2022	Common Stock	8.94K		Direct	F2, F6
transaction	DRE	Units	Other	$0	+7.01K	+8.7%	$0.00	87.6K	Feb 10, 2022	Common Stock	7.01K		Direct	F3, F8, F9
holding	DRE	LTIP Units						41.2K	Feb 10, 2022	Common Stock	41.2K		Direct	F2, F7, F8

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

Explanation of Responses:

Id	Content
F1	Represents 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.
F2	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.
F3	LTIP Units converted into Common Units of limited partnership interest in DRLP according to terms described above.
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 vest in three equal installments beginning on February 10, 2023 and have no expiration date.
F7	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 2 and have no expiration date.
F8	Reflects a balance change from LTIP Units to Common Units due to lapse in holding period requirement.
F9	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.