0001181431-12-036871.txt : 20120615
0001181431-12-036871.hdr.sgml : 20120615
20120615184052
ACCESSION NUMBER: 0001181431-12-036871
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120614
FILED AS OF DATE: 20120615
DATE AS OF CHANGE: 20120615
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Peterson Scott E
CENTRAL INDEX KEY: 0001307041
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-32336
FILM NUMBER: 12911091
MAIL ADDRESS:
STREET 1: DIGITAL REALTY TRUST, INC.
STREET 2: 2730 SAND HILL ROAD
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: FOUR EMBARCADERO CENTER
STREET 2: SUITE 3200
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94111
BUSINESS PHONE: (415)738-6500
MAIL ADDRESS:
STREET 1: FOUR EMBARCADERO CENTER
STREET 2: SUITE 3200
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94111
4
1
rrd348892.xml
FORM 4 - S. PETERSON (UNIT REDEMPTION & STOCK SALE)
X0305
4
2012-06-14
0
0001297996
Digital Realty Trust, Inc.
DLR
0001307041
Peterson Scott E
560 MISSION STREET, SUITE 2900
SAN FRANCISCO
CA
94105
0
1
0
0
Senior VP, Acquisitions
Common Stock
2012-06-14
4
M
0
1570
A
1570
D
Common Stock
2012-06-14
4
S
0
1570
73.02
D
0
D
Common Stock
2012-06-14
4
M
0
12230
A
12230
D
Common Stock
2012-06-14
4
S
0
12230
73.02
D
0
D
Class C Profits Interest Units
2012-06-14
4
M
0
1570
0
D
Common Stock
1570
0
D
Long-Term Incentive Units
2012-06-14
4
M
0
12230
0
D
Common Stock
12230
75847
D
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.
Represents the average sale price. Exact sale prices range from $72.97 to $73.11.
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
This statement of changes in beneficial ownership ("Form 4") of securities of the Issuer is being filed to report a transaction(s) that is also being reported concurrently on a Form 4 for 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
2012-06-15