DIGITAL REALTY TRUST, INC. — Director's Dealing 2017

Aug 18, 2017

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Digital Realty Trust, Inc. (DLR)
CIK: 0001297996
Period of Report: 2017-08-11

Reporting Person: Sharp Christopher (Chief Technology Officer)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Long-Term Incentive Units	$		Common Stock (38604.0)		Direct
Long-Term Incentive Units	$		Common Stock (764.0)		Direct

Footnotes

F1: Long-Term Incentive Units are profits interest units in Digital Realty Trust, L.P. ("Operating Partnership"), of which the Issuer is the general partner. Profits interest units may initially not have full parity with common limited partnership units of Operating Partnership ("Common Units") with respect to liquidating distributions; however upon the occurrence of specified events, profits interest units may achieve full parity with Common Units for all purposes. Vested profits interest units that have achieved full parity with Common Units may be converted into an equal number of Common Units on a 1-for-1 basis at any time. Common Units are redeemable for cash based on the FMV of an equivalent number of shares of common stock of the Issuer, 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.

F2: These units were granted on August 10, 2015. Thirty-three and one third percent (33.33%) of these units vested on August 10, 2016, an additional thirty-three and one third percent (33.33%) of these units vested on August 10, 2017, and the remaining thirty-three and one third percent (33.33%) will vest on August 10, 2018. The vested profits interest units have no expiration date.

F3: These units were granted on February 28, 2017. Twenty-five percent (25%) of these units will vest on February 27, 2018, an additional twenty-five percent (25%) will vest on February 27, 2019, an additional twenty-five percent (25%) will vest on February 27, 2020, and the remaining twenty-five percent (25%) will vest on February 27, 2021. The vested profits interest units have no expiration date.