FIRST INDUSTRIAL REALTY TRUST INC — Director's Dealing 2021

Jan 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FIRST INDUSTRIAL REALTY TRUST INC (FR)
CIK: 0000921825
Period of Report: 2021-01-04

Reporting Person: Schultz Peter (EVP - East Region)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-04	Common Stock	M	16281	$0.00	Acquired	120293	Direct
2021-01-04	Common Stock	F	7113	$40.84	Disposed	113180	Direct
2021-01-04	Common Stock	F	1656	$40.84	Disposed	111524	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-04	Performance Units	$	M	15240	Disposed	2020-12-31	Common Stock (16281)	Direct
2021-01-04	LP Units	$	A	199	Acquired		Common Stock (199)	Direct

Footnotes

F1: Transaction resulting from the vesting of Performance Units (the "2018 Units") granted under First Industrial's 2014 Stock Incentive Plan on January 2, 2018.

F2: Includes 1,041 shares of First Industrial common stock issued with respect to dividend equivalents related to the 2018 Units.

F3: Each 2018 Unit represented the right to receive, upon vesting, one share of First Industrial common stock plus dividend equivalents representing any dividends that accrued with respect to such share after the issuance of the 2018 Units and prior to the date of vesting. The number of shares of First Industrial common stock issued with respect to dividend equivalents was calculated using a per share price of $40.84, the closing price of First Industrial's common stock as of the settlement date.

F4: Transaction resulting from tax withholding in connection with the vesting of the 2018 Units.

F5: Transaction resulting from tax withholding in connection with the vesting of restricted stock.

F6: The 2018 Units settled on January 4, 2021 based upon the relative total shareholder return of First Industrial's common stock as compared to the MSCI U.S. REIT Index and the NAREIT Industrial Index over the performance measurement period.

F7: Represents the receipt of common units of limited partnership interest in First Industrial, L.P., of which the Company is the general partner, upon the vesting of Performance Units issued on January 1, 2020 under the Company's 2014 Stock Incentive Plan. A common unit of limited partnership interest in First Industrial, L.P. may be converted into a share of Common Stock of the Company on a one-for-one basis.