X0306 4 2020-02-28 0001494877 DIGITAL REALTY TRUST, L.P. DLR 0001664785 Fiedelman Cindy FOUR EMBARCADERO CENTER, SUITE 3200 SAN FRANCISCO CA 94111 false true false false CHIEF HUMAN RESOURCES OFFICER Common Stock 2020-02-28 4 M 0 2623 A 2623 D Common Stock 2020-02-28 4 M 0 2623 D 0 D Long-Term Incentive Units 2020-02-28 4 M 0 2623 0 D Commn Stock 2623 35975 D The reporting person converted long-term incentive units into common limited partnership units ("Common Units") of the Issuer and subsequently redeemed the Common Units for shares of the common stock of Digital Realty Trust, Inc., a Maryland corporation and the general partner of the Issuer (the "General Partner"), all in accordance with the requirements of the Limited Partnership Agreement of the Issuer. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan previously adopted by Ms. Fiedelman. Long-term incentive units are profits interest units in the Issuer, of which Digital Realty Trust, Inc. ("General Partner") is the general partner. Vested profits interest units may be converted into an equal number of common limited partnership ("Common Units") in the Issuer subject to the terms of the Issuer's limited partnership agreement. Common Units are redeemable for cash based on the fair market value of an equivalent numbers of shares of the General Partner's common stock, or, at the election of the General Partner, for an equal number of shares of the General Partner's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events. N/A The statement of changes in beneficial ownership of securities ("Form 4") of the Issuer is being filed to report transactions that are being reported concurrently on a Form 4 for the General Partner. /s/ Salini Nandipati 2020-03-03