0001181431-12-019133.txt : 20120322
0001181431-12-019133.hdr.sgml : 20120322
20120322205157
ACCESSION NUMBER: 0001181431-12-019133
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120320
FILED AS OF DATE: 20120322
DATE AS OF CHANGE: 20120322
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Stein A William
CENTRAL INDEX KEY: 0001307117
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32336
FILM NUMBER: 12710332
MAIL ADDRESS:
STREET 1: DIGITAL REALTY TRUST, INC.
STREET 2: 2730 SAND HILL ROAD, SUITE 280
CITY: MENLO PARK
STATE: CA
ZIP: 94025
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Digital Realty Trust, Inc.
CENTRAL INDEX KEY: 0001297996
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 260081711
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 560 MISSION STREET
STREET 2: SUITE 2900
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
BUSINESS PHONE: (415)738-6500
MAIL ADDRESS:
STREET 1: 560 MISSION STREET
STREET 2: SUITE 2900
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94105
4
1
rrd339678.xml
FORM 4 - A. W. STEIN (UNIT REDEMPTION AND STOCK SALE)
X0304
4
2012-03-20
0
0001297996
Digital Realty Trust, Inc.
DLR
0001307117
Stein A William
560 MISSION STREET, SUITE 2900
SAN FRANCISCO
CA
94105
0
1
0
0
CFO and CIO
Common Stock
2012-03-20
4
M
0
3362
A
10328
D
Common Stock
2012-03-20
4
S
0
3362
72.51
D
6966
D
Common Stock
2012-03-20
4
M
0
9638
A
16604
D
Common Stock
2012-03-20
4
S
0
9638
72.51
D
6966
D
Class C Units
2012-03-20
4
M
0
3362
0
D
Common Stock
3362
1682
D
Long-Term Incentive Units
2012-03-20
4
M
0
9638
0
D
Common Stock
9638
96455
D
In accordance with the terms of a Trading Plan (SEC Rule 10b5-1 Securities Exchange Act of 1934), the reporting person converted Class C Profits Interest Units ("Class C Units") into common limited partnership units ("Common Units") of Digital Realty Trust, L.P., a Maryland Limited Partnership (the "Operating Partnership"), and subsequently redeemed the Common Units for shares of the common stock of Digital Realty Trust, Inc. (the "Issuer"), all in accordance with the requirements of the Limited Partnership Agreement of the Operating Partnership.
Class C Units are membership interests in the Operating Partnership of which the Issuer is the general partner. Vested Class C Units that have satisfied the performance condition and achieved full parity with Common Units receive the same quarterly distributions as Common Units, and may be converted into an equal number of Common Units on a one-for-one basis at any time. Common Units will be redeemable for cash based on the fair market value of an equivalent number of shares of the Issuer's common stock, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock. The Class C Units have achieved full parity with Common Units.
In accordance with the terms of a Trading Plan (SEC Rule 10b5-1 Securities Exchange Act of 1934), the reporting person converted long-term incentive units into Common Units of the Operating Partnership, and subsequently redeemed the Common Units for shares of the common stock of the Issuer, all in accordance with the requirements of the Limited Partnership Agreement of the Operating Partnership.
Long-term incentive units are profits interest units in the Operating Partnership. Vested profits interest units may be converted into an equal number of Common Units in the Operating Partnership on a one-for-one basis at any time. Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of the Issuer's common stock, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.
1 for 1.
N/A
Common Stock sold in accordance with the terms of a Trading Plan (SEC Rule 10b5-1 - Securities Exchange Act of 1934).
Represents the average sale price. Exact sale prices range from $72.5 to $72.64.
This statement of changes in beneficial ownership ("Form 4") of securities of Digital Realty Trust, Inc. (the "Issuer") is being filed to report a transaction(s) that is also being reported concurrently on a Form 4 for Digital Realty Trust, L.P. (the "Operating Partnership"). The change(s) in beneficial ownership reported on this Form 4 for the Issuer are as a result of the same transaction(s) reported in the Form 4 for the Operating Partnership.
/s/ Barbara Polster, attorney-in-fact
2012-03-22