X0306 4 2019-07-23 0 0001045609 Prologis, Inc. PLD 0001391256 Olinger Thomas S C/O PROLOGIS, INC. PIER 1, BAY 1 SAN FRANCISCO CA 94111 0 1 0 0 Chief Financial Officer Common Stock 2019-07-23 2019-07-23 4 M 0 5200 22.14 A 20667 D Common Stock 2019-07-23 2019-07-23 4 S 0 5200 82.24 D 15467 D Common Stock 2019-07-23 2019-07-23 4 S 0 7851 82.25 D 7616 D Common Stock 29170 I Rabbi Trust NQ Stock Options 22.14 2019-07-23 2019-07-23 4 M 0 5200 0.00 D 2020-02-11 Common Stock 5200 0 D LTIP Units 0.00 2019-07-23 2019-07-23 4 M 0 23000 0.00 D Common Stock 23000 615235 D The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.25 to $82.26. The reporting person undertakes to provide to Prologis, Inc., any security holder of Prologis, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price. Held indirectly through a rabbi trust pursuant to our nonqualified deferred compensation plans. Options issued under the 2002 Stock Option and Incentive Plan which became fully vested on February 1, 2013. There are zero options remaining exercisable under this award. Conversion of LTIP Units (the "LTIP Units") of Prologis, L.P. into common units of Prologis, L.P. (the "Common Units") and redemption of Common Units for cash. The units have no exercisable date or expiration date. /s/ Tammy Colvocoresses, attorney in fact for Thomas S. Olinger 2019-07-24