Steven W. Schnur - Nov 12, 2021 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: Nov 12, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/16/2021, 11:29 AM
Next filing: Jan 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	DRE	Common Stock						7.99K	Nov 12, 2021	Direct	F1
holding	DRE	Common Stock						2.43K	Nov 12, 2021	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	Phantom Stock Units	Discretionary transaction in accordance with Rule 16b-3(f) resulting in acquisition or disposition of issuer securities		-9.91K	-100%		0	Nov 12, 2021	Common Stock	9.91K		Direct	F3, F4
holding	DRE	LTIP Units						7.15K	Nov 12, 2021	Common Stock	7.15K		Direct	F5, F6
holding	DRE	LTIP Units						10.3K	Nov 12, 2021	Common Stock	10.3K		Direct	F5, F7
holding	DRE	LTIP Units						17.9K	Nov 12, 2021	Common Stock	17.9K		Direct	F5, F8
holding	DRE	Units						55.6K	Nov 12, 2021	Common Stock	55.6K		Direct	F9

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

Explanation of Responses:

Id	Content
F1	Between May 5, 2021 and November 16, 2021, the Reporting Person acquired 82 shares of DRE common stock through dividend reinvestment.
F2	Between May 5, 2021 and November 16, 2021, the Reporting Person acquired 25 shares of DRE's common stock under the Company's 401(k) Plan.
F3	Represents phantom stock units accrued under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership (the Plan). 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.
F4	The Reporting Person transferred the value of phantom stock units in the Plan to other investments in the Plan. The value of the phantom stock units at the time of transfer was $57.67.
F5	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.
F6	LTIP Units vest in three equal installments beginning on February 10, 2021 and have no expiration date.
F7	LTIP Units vest in three equal installments beginning on February 10, 2022 and have no expiration date.
F8	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 5 and have no expiration date.
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.