Digital Realty Trust, Inc. 4
4 · Digital Realty Trust, Inc. · Filed Apr 22, 2015
Insider Transaction Report
Form 4
Appleby Jarrett
Chief Operating Officer
Transactions
- Award
Long-Term Incentive Units
2015-04-20+9,878→ 9,878 total→ Common Stock (9,878 underlying)
Footnotes (4)
- [F1]Long-term incentive units are membership interests in Digital Realty Trust, L.P., a Maryland limited partnership (the "Operating Partnership"), of which Digital Realty Trust, Inc. (the "Issuer") is the general partner. Long-term incentive units receive the same quarterly distributions as common limited partnership units of the Operating Partnership ("Common Units"). 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. 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.
- [F2]1-for-1
- [F3]Twenty-five percent (25%) of these units will vest on April 20, 2016, an additional twenty-five percent (25%) will vest on April 20, 2017, an additional twenty-five percent (25%) will vest on April 20, 2018, and the remaining twenty-five percent (25%) will vest on April 20, 2019.
- [F4]N/A