Prologis, Inc. — Director's Dealing 2010

Apr 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMB PROPERTY CORP (AMB)
CIK: 0001045609
Period of Report: 2010-04-23

Reporting Person: BURKE T ROBERT (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-23	Common Stock	M	15000	$22.88	Acquired	490529	Direct
2010-04-23	Common Stock	S	15000	$28.01	Disposed	475529	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-23	Non-Qualified Stock Option (right to buy)	$22.88	M	15000	Disposed	2010-05-05	Common Stock (15000)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $28.00 to $28.01. 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 transaction was effected.

F2: Of the 475,529 shares beneficially owned, 408,905 shares are directly held (D), 15,000 shares are indirectly held (I) as Trustee for the TRB Trust 1997 - LPPA U/A/D May 30, 1997, 15,000 shares are indirectly held (I) as Trustee for the TRB Trust 1997 - JCB U/A/D May 30, 1997, 15,000 shares are indirectly held (I) as Trustee for the TRB Trust 1997 - TSB U/A/D May 30, 1997, and 15,000 shares are indirectly held (I) as Trustee for the EDB 1998 Trust, and 6,624 shares are indirectly held (I) through a rabbi trust pursuant to our nonqualified deferred compensation plan.

F3: Not applicable.