X0201 42003-08-07 0000783280 DUKE REALTY CORP DRE 0001024239 HEFNER THOMAS L 600 E. 96TH STREET, SUITE 100 INDIANAPOLIS IN 46240 1100Chairman of the Board & CEOCommon Stock356305IBy TrustCommon Stock205051IBy Spouse's TrustCommon Stock150IBy 401(k) PlanCommon Stock74231IBy Hefner Family Investors Limited PartnershipCommon Stock100000IBy The Community Covenant Foundation, Inc.Units of Duke Realty Limited Partnership1994-10-04Common Stock579506579506IBy Grantor Retained Annuity TrustUnits of Duke Realty Limited Partnership1994-10-04Common Stock1357213572IBy Duke Management, Inc.Units of Duke Realty Limited Partnership2003-08-074A01635127.731A2004-08-07Common Stock1635116351IBy Duke Associates No. 51 Limited PartnershipEmployee Stock Options-Right to Buy19.43752007-01-29Common Stock1196611966DEmployee Stock Options-Right to Buy24.25002008-01-28Common Stock1896018960DEmployee Stock Options-Right to Buy23.06252009-01-26Common Stock2492024920DEmployee Stock Options-Right to Buy20.00002010-01-25Common Stock3160931609DEmployee Stock Options-Right to Buy24.98002011-01-31Common Stock2760827608DEmployee Stock Options-Right to Buy19.43752007-01-29Common Stock10441044IBy Family Limited PartnershipEmployee Stock Options-Right to Buy23.35002012-01-30Common Stock2165921659DEmployee Stock Options-Right to Buy25.42002013-02-19Common Stock4691346913DExchange Rights Common Stock172583172583IBy Duke Management, Inc.Phantom Stock UnitsCommon Stock54935493DSecurities held by the Thomas L. Hefner Revocable Trust in which the Reporting Person is the grantor.Securities held by the Patty M. Hefner Revocable Trust in which the Reporting Person is the grantor.Between May 12, 2003 and August 7, 2003, the Reporting Person acquired 35 shares of Duke Realty Corporation common stock under the Company's 401(k) plan.Securities owned by the Hefner Family Investors Limited Partnership, a family limited partnership in which the sole general partner is the Reporting Person and the limited partnership interests are beneficially held by the Reporting Person and his family members. All stock options held by the partnership are fully vested.Shares owned by The Community Covenant Foundation, Inc., a private charitable foundation controlled by the Reporting Person and his family.Units of Duke Realty Limited Partnership are convertible on a one to one basis to the Company's common stock and have no expiration date.Securities held by the Thomas L. Hefner 2002 Grantor Retained Annuity Trust No. 2. The Reporting Person is a trustee and the Reporting Person's children are residual beneficiaries.Represents the Reporting Person's 20.71% interest in Units owned by Duke Management, Inc.Represents the Reporting Person's 15.438% interest in Duke Associates No. 51 Limited Partnership. Pursuant to Rule 16(b)-3(d) of Section 16(b) of the Securities Exchange Act of 1934 this transaction is exempt as an acquisition from the issuer with advance approval by the board of directors.The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/29/02.The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/28/03.The Stock Options vest annually at a rate of 20% per year and will be fully vested on 1/26/04.The Stock Options vest annually at a rate of 20% per year and will be fully vested on 1/25/05.The Stock Options vest annually at a rate of 20% per year and will be fully vested on 1/31/06.The Stock Options vest annually at a rate of 20% per year and will be fully vested on 1/30/07.The Stock Options vest annually at a rate of 20% per year and will be fully vested on 2/19/08.In the event of a change in control of Duke Realty Corporation or Duke Realty Limited Partnership; or the liquidation of Duke Realty Limited Partnership, Duke Management, Inc. has the right to exchange its limited partnership interest in Duke Realty Services Limited Partnership for 833,334 shares of Duke Realty Corporation's common stock. The Reporting Person's ownership interest in Duke Management, Inc. is 20.71%.Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. Between May 12, 2003 and August 7, 2003, the Reporting Person acquired 163 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 upon the Reporting Person's termination of employment.Thomas L. Hefner by James R. Windmiller per POA attached2003-08-08