MAGNUSON RICHARD A 4
4 · Digital Realty Trust, Inc. · Filed Aug 15, 2011
Insider Transaction Report
Form 4
MAGNUSON RICHARD A
Director
Transactions
- Award
Long-Term Incentive Units
2011-08-08+1,037→ 205,864 total→ Common Stock (1,037 underlying)
Footnotes (3)
- [F1]Long-term incentive units are partnership interests in Digital Realty Trust, L.P., a Maryland limited partnership of which Digital Realty Trust, Inc. (the "Issuer") is the general partner (the "Operating Partnership"). These units were fully vested on the grant date. Long-term incentive units receive the same quarterly distributions as common limited partnership units of the Operating Partnership ("Common Units"). Upon vesting, long-term incentive units may initially not have full parity with Common Units with respect to liquidating distributions; however, upon the occurrence of specified events, long-term incentive units may achieve full parity with Common Units for all purposes, and thereafter vested long-term incentive units may be converted into an equal number of Common Units on a one-for-one basis at any time. (Continued in Footnote 2)
- [F2]Common Units will be redeemable for cash based on the fair market value of an equivalent number of shares of the Issuer's common stock, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, in each case, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.
- [F3]N/A