X0202 4 2005-03-01 0000783280 DUKE REALTY CORP DRE 0001024239 HEFNER THOMAS L 600 E. 96TH STREET, SUITE 100 INDIANAPOLIS IN 46240 1 0 0 0 Common Stock 1559 D Common Stock 301149 I By Trust Common Stock 2005-03-01 4 A 0 103829 A 289594 I By Spouse's Trust Common Stock 202 I By 401(k) Plan Common Stock 43275 I By Family Limited Partnership Common Stock 100000 I By The Community Covenant Foundation, Inc. Units of Duke Realty Limited Partnership 1994-10-04 Common Stock 489742 489742 I By Grantor Retained Annuity Trust Units of Duke Realty Limited Partnership 2005-03-01 4 D 0 103829 D Common Stock 103829 0 I By Duke Management, Inc. Units of Duke Realty Limited Partnership 1994-10-04 Common Stock 89764 89764 I By Trust Units of Duke Realty Limited Partnership 2004-08-07 Common Stock 16351 16351 D Employee Stock Options-Right to Buy 19.4375 2007-01-29 Common Stock 7790 7790 D Employee Stock Options-Right to Buy 24.2500 2008-01-28 Common Stock 18960 18960 D Employee Stock Options-Right to Buy 23.0625 2009-01-26 Common Stock 24920 24920 D Employee Stock Options-Right to Buy 20.0000 2010-01-25 Common Stock 31609 31609 D Employee Stock Options-Right to Buy 24.9800 2011-01-31 Common Stock 27608 27608 D Employee Stock Options-Right to Buy 23.3500 2012-01-30 Common Stock 21659 21659 D Employee Stock Options-Right to Buy 25.4200 2013-02-19 Common Stock 46913 46913 D Employee Stock Options-Right to Buy 32.51 2014-01-28 Common Stock 36682 36682 D Employee Stock Options-Right to Buy 32.33 2015-02-10 Common Stock 32975 32975 D Phantom Stock Units Common Stock 9404 9404 D Between February 10, 2005 and March 1, 2005, the Reporting Person acquired 21 shares under the Company's Employee Stock Purchase Plan. Securities 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 February 10, 2005 and March 1, 2005, the Reporting Person acquired 10 shares of Duke Realty Coporation's 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. 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. On March 1, 2005, Duke Management, Inc. ("DMI") was merged with and into Duke Realty Corporation. In return for his stock in DMI, the Reporting Person received 103,829 shares of Duke Realty Corporation. The only significant assets owned by DMI on the merger date were limited partnership units of Duke Realty Limited Partnership ("DRLP"), which were redeemable on a one-for-one basis for shares of Duke Realty Corporation. Immediately prior to the merger, the Reporting Person indirectly owned 103,829 units of DRLP through his ownership interest in DMI. 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 vested annually at a rate of 20% per year and were fully vested on 1/26/04. The Stock Options vested annually at a rate of 20% per year and were 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. The Stock Options vest annually at a rate of 20% per year and will be fully vested on 1/28/09. The Stock Options vest annually at a rate of 20% per year and will be fully vested on 2/10/10. Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. Between February 10, 2005 and March 1, 2005, the Reporting Person acquired 136 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 upon the Reporting Person's termination of employment. Valerie J. Steffen for Thomas L. Hefner per POA previously filed 2005-03-01