Peter D. Harrington - Sep 8, 2021 Form 4 Insider Report for DUKE REALTY CORP (DRE)

Role
EVP, Construction
Signature
Neal A. Lewis for Peter D. Harrington per POA prev. filed.
Stock symbol
DRE
Transactions as of
Sep 8, 2021
Transactions value $
-$105,223
Form type
4
Date filed
9/10/2021, 08:31 AM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DRE Common Stock Sale -$105K -1.97K -100% $53.44 0 Sep 8, 2021 By 401(k) Plan F2
holding DRE Common Stock 3.93K Sep 8, 2021 Direct F1

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
holding DRE LTIP Units 2.1K Sep 8, 2021 Common Stock 2.1K Direct F3, F4
holding DRE LTIP Units 4.95K Sep 8, 2021 Common Stock 4.95K Direct F3, F5
holding DRE LTIP Units 12.4K Sep 8, 2021 Common Stock 12.4K Direct F3, F6
holding DRE Units 33.8K Sep 8, 2021 Common Stock 33.8K Direct F7
holding DRE Phantom Stock Units 61.4K Sep 8, 2021 Common Stock 61.4K Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Between February 12, 2021 and September 10, 2021, the Reporting Person acquired 63 shares of DRE common stock through dividend reinvestment.
F2 Between February 12, 2021 and September 10, 2021, the Reporting Person acquired 865 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, 2020 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, upon meeting the performance-based conditions and 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 phantom stock units acquired under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership. Between February 12, 2021 and September 10, 2021, the Reporting Person acquired 1,017 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.