Long-Term Compensation

6 Months Ended

Jun. 30, 2012

Long-Term Compensation [Abstract]

Long-Term Compensation

11. Long-Term Compensation

Under its incentive plans, Prologis had stock options and full value awards (restricted stock, restricted share units (“RSUs”) and performance based shares (“PSAs”)).

Summary of Activity

The activity for the six months ended June 30, 2012, with respect to our stock options, was as follows:

	Options Outstanding
	Number of Options			Weighted Average Exercise Price		Options Exercisable
Balance at December 31, 2011		9,879,960		$	34.93
Exercised		(1,050,158	)		22.28
Forfeited		(113,917	)		43.79
Balance at June 30, 2012		8,715,885		$	36.34		8,122,335

The activity for the six months ended June 30, 2012, with respect to our unvested restricted stock, was as follows:

				Weighted Average
	Number of			Grant Date Fair
	Shares			Value
Balance at December 31, 2011		1,192,982
Granted		5,000
Vested		(500,168	)
Forfeited		(1,797	)
Balance at June 30, 2012		696,017		$	34.03

The activity for the six months ended June 30, 2012, with respect to our RSU and PSA awards, was as follows:

	Number of			Weighted Average		Number of
	Shares			Grant-Date Fair Value		Shares Vested
Balance at December 31, 2011		1,684,713
Granted		1,606,377
Distributed		(666,533	)
Forfeited/Expired		(42,041	)
Balance at June 30, 2012		2,582,516		$	31.98		48,735

During the six months ended June 30, 2012, we granted 1,567,348 RSUs, which, generally, will vest over three years. In addition, 39,029 PSAs were earned based on 2011 performance.