4//SEC Filing
Murphy Matthew T 4
Accession 0000899243-18-023072
CIK 0001170991other
Filed
Aug 21, 8:00 PM ET
Accepted
Aug 22, 5:36 PM ET
Size
18.0 KB
Accession
0000899243-18-023072
Insider Transaction Report
Form 4
Murphy Matthew T
Senior Vice President
Transactions
- Disposition to Issuer
LTIP Units
2018-08-22−134,508.25→ 0 total→ Common Stock (134,508.25 underlying) - Disposition to Issuer
Stock Option
2018-08-22−3,915→ 0 totalExercise: $22.20Exp: 2021-02-03→ Common Stock (3,915 underlying) - Disposition to Issuer
Stock Option
2018-08-22−4,028→ 0 totalExercise: $18.24Exp: 2020-02-11→ Common Stock (4,028 underlying) - Disposition to Issuer
Stock Option
2018-08-22−8,000→ 0 totalExercise: $13.64Exp: 2019-02-10→ Common Stock (8,000 underlying) - Disposition to Issuer
Common Stock
2018-08-22−2,029→ 0 total
Footnotes (9)
- [F1]Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of April 29, 2018, by and among Prologis, Inc., Prologis, L.P., DCT Industrial Trust Inc. ("DCT") and DCT Industrial Operating Partnership LP ("DCTOP"), on August 22, 2018, (i) DCT merged with and into Prologis, Inc., with Prologis, Inc. surviving the merger (the "Company Merger") and (ii) DCTOP merged with and into Prologis, L.P., with Prologis, L.P. surviving the merger (the "Partnership Merger").
- [F2](Continued from Footnote 1) Pursuant to the Merger Agreement, each outstanding share of common stock, par value $0.01 per share, of DCT ("DCT Common Stock") held by the reporting person was automatically converted into the right to receive 1.02 shares of common stock, par value $0.01 per share, of Prologis, Inc. ("Prologis Common Stock"), subject to any withholding required under applicable tax law, plus cash in lieu of any fractional shares of Prologis Common Stock. On August 21, 2018, the closing price of DCT Common Stock was $66.28 and the closing price of Prologis Common Stock was $65.75 per share.
- [F3]Represents units of limited partnership interest in DCTOP ("LTIP Units"), of which DCT is the sole general partner, issued as long term incentive compensation pursuant to DCT's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in DCTOP (an "OP Unit"). Each OP Unit acquired upon conversion of an LTIP Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of DCT Common Stock, except that DCT may, at its election, acquire each OP Unit so presented for one share of DCT Common Stock.
- [F4]Pursuant to the Merger Agreement, immediately prior to the effective time of the Partnership Merger, each issued and outstanding unvested LTIP Unit of the reporting person automatically became fully vested in accordance with the terms of DCT's equity based compensatory programs and award agreement or other agreement or document evidencing such LTIP Units.
- [F5]The LTIP Units did not have an expiration date.
- [F6]Pursuant to the terms of the Merger Agreement, immediately prior to the effective time of the Partnership Merger, each issued and outstanding vested LTIP Unit of the reporting person was converted into an OP Unit pursuant to the limited partnership agreement of DCTOP. At the effective time of the Partnership Merger, each outstanding OP Unit was automatically converted into the right to receive 1.02 common units of limited partnership interest in Prologis, L.P.
- [F7]Options were fully vested.
- [F8]Pursuant to the terms of the Merger Agreement, at the effective time of the Company Merger, each outstanding and unexercised option to purchase DCT Common Stock held by the reporting person automatically terminated and converted into the right of the reporting person to receive a number of shares of Prologis Common Stock, rounded down to the nearest whole number of shares, equal to (a) 1.02 multiplied by (b) the number of shares of DCT Common Stock obtained by (i) multiplying (A) the number of shares of DCT Common Stock that were subject to such option immediately prior to the effective time of the Company Merger by (B) the excess, if any, of the fair market value of a share of DCT Common Stock determined immediately prior to the effective time of the Company Merger over the per share exercise price of such option,
- [F9](Continued from Footnote 8) and (ii) dividing the resulting amount determined under (i) by the fair market value of a share of DCT Common Stock determined immediately prior to the effective time of the Company Merger. The closing price of DCT Common Stock on August 21, 2018 was $66.28 per share.
Documents
Issuer
DCT Industrial Trust Inc.
CIK 0001170991
Entity typeother
Related Parties
1- filerCIK 0001386059
Filing Metadata
- Form type
- 4
- Filed
- Aug 21, 8:00 PM ET
- Accepted
- Aug 22, 5:36 PM ET
- Size
- 18.0 KB