Prologis, Inc. — Director's Dealing 2010

May 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMB PROPERTY CORP (AMB)
CIK: 0001045609
Period of Report: 2010-05-06

Reporting Person: COLE DAVID A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-06	Common Stock	A	2934	$0.00	Acquired	50282	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-06	Non-Qualified Stock Option (right to buy)	$26.58	A	6762	Acquired	2020-05-06	Common (6762)	Direct

Footnotes

F1: Shares were granted pursuant to the Company's 2002 Stock Option and Incentive Plan and are subject to a repurchase right held by the Company, which lapses fully on May 6, 2011.

F2: Of the 50,282 shares beneficially owned, 39,987 shares are directly held (D) and 10,295 shares are indirectly (I) held through a rabbi trust pursuant to our nonqualified deferred compensation plan.

F3: Not applicable.