Prologis, Inc. — Director's Dealing 2010

Dec 2, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMB PROPERTY CORP (AMB)
CIK: 0001045609
Period of Report: 2010-12-01

Reporting Person: TUSHER THOMAS W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-01	Common Stock	M	19351	$24.69	Acquired	24295	Direct
2010-12-01	Common Stock	S	19351	$29.45	Disposed	43646	Direct
2010-12-01	Common Stock	M	15000	$24.47	Acquired	28646	Direct
2010-12-01	Common Stock	S	15000	$29.45	Disposed	43646	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-01	Non-Qualified Stock Option (right to buy)	$24.69	M	19351	Disposed	2011-05-22	Common Stock (19351)	Direct
2010-12-01	Non-Qualified Stock Option (right to buy)	$24.47	M	15000	Disposed	2011-05-17	Common Stock (15000)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $29.43 to $29.51. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transation was effected.

F2: Of the 43,646 shares beneficially owned, 29,913 shares are directly owned (D) and 13,733 shares are held indirectly (I) through a rabbi trust pursuant to our Nonqualified Deferred Compensation Plan.

F3: Not applicable.

F4: 15,000 beneficially held options expired on May 7, 2009 and the aggregate total of beneficially held options in this Form 4 reflects such expiration. Note that the Form 4s filed on May 11, 2009, April 23, 2010, and May 6, 2010 do not reflect the expiration of such options.