Form Type: 4

SEC EDGAR Link
Accession Number:0001820037-21-000039
Date:2021-05-03
Issuer: DUKE REALTY CORP (DRE)
Original Submission Date:

Reporting Person:

SCHNUR STEVEN W
8711 RIVER CROSSING BOULEVARD
INDIANAPOLIS, IN 46240

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2021-05-03 0 $0.00 7,906 direct
COMMON STOCK 2021-05-03 0 $0.00 2,401 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
PHANTOM STOCK UNITS 0.0 2021-05-03 deemed execution date I 23,125 (d) common stock 23,125 $0.00 9,910 direct
LTIP UNITS 0.0 2021-05-03 deemed execution date 0 ( ) common stock 7,151 $0.00 7,151 direct
LTIP UNITS 0.0 2021-05-03 deemed execution date 0 ( ) common stock 10,301 $0.00 10,301 direct
LTIP UNITS 0.0 2021-05-03 deemed execution date 0 ( ) common stock 17,948 $0.00 17,948 direct
UNITS 0.0 2021-05-03 deemed execution date 0 ( ) common stock 55,621 $0.00 55,621 direct
Footnotes
IDfootnote
f1 between february 12, 2021 and may 5, 2021, the reporting person acquired 50 shares of dre common stock through dividend reinvestment.
f2 between february 12, 2021 and may 5, 2021, the reporting person acquired 226 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 $46.21.
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.
WhaleWisdom Logo

Elevate your investments