SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BUTTON GEOFFREY

(Last) (First) (Middle)
THE MILL HOUSE
CHICKSGROVE, SALISBURY

(Street)
WILTSHIRE, X0 SP3 6LY

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DUKE REALTY CORP [ DRE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/03/2011
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/03/2011 S(1) 10,000 D $12.605 37,567(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options-Right to Buy $24.2632 (6) 01/31/2011 Common Stock 2,573 2,573 D
Employee Stock Options-Right to Buy $22.6799 (5) 01/30/2012 Common Stock 2,573 2,573 D
Employee Stock Options-Right to Buy $24.1854 (4) 01/29/2013 Common Stock 2,573 2,573 D
Employee Stock Options-Right to Buy $31.5771 (3) 01/28/2014 Common Stock 2,573 2,573 D
Phantom Stock Units (7) 01/03/2011 A 1,204 (7) (7) Common Stock 1,204 $12.46 60,950(7) D
Explanation of Responses:
1. The sale reported in this Form 4 was effected pursuant to an irrevocable order established on December 31, 2010.
2. Between October 29, 2010 and January 3, 2011, the Reporting Person acquired 76 shares of DRE common stock through dividend reinvestment.
3. The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/28/2009.
4. The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/29/2008.
5. The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/30/2007.
6. The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/31/2006.
7. Represents phantom stock units accrued under the Directors' Deferred Compensation Plan of Duke Realty Corporation. Between October 29, 2010 and January 3, 2011, the Reporting Person acquired 900 phantom stock units through dividend reinvestment. The units are valued on a one to one basis to the Company's common stock and are to be settled in cash and stock upon the Reporting Person's termination as a director of the Issuer.
Remarks:
Tracy D. Swearingen for Geoffrey Button per POA prev. filed. 01/05/2011
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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