Prologis, Inc. — Director's Dealing 2011

Feb 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMB PROPERTY CORP (AMB)
CIK: 0001045609
Period of Report: 2011-02-02

Reporting Person: MOGHADAM HAMID R (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-02	Common Stock	A	37329	—	Acquired	3331607	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-02	Non-Qualified Stock Option (right to buy)	$32.95	A	105670	Acquired	2021-02-02	Common Stock (105670)	Direct
2011-02-02	Non-Qualified Stock Option (right to buy)	$32.95	A	167525	Acquired	2021-02-02	Common Stock (167525)	Direct
2011-02-02	Non-Qualified Stock Option (right to buy)	$32.95	A	83762	Acquired	2021-02-02	Common Stock (83762)	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 AMB Property Corporation, which lapses as to one-fourth of such shares annually on February 1. The repurchase right lapses fully on February 1, 2015.

F2: Not applicable.

F3: Of the 3,331,607 securities beneficially owned, 199,027 shares are directly owned (D), 1,522,108 securities are indirectly held (I) through a Trust FBO reporting person with reporting person and spouse as sole trustees, 131,776 securities are indirectly held (I) through the HRM Trust 1997, U/A/D June 17, 1997 and 1,478,696 securities are indirectly held (I) through a rabbi trust pursuant to the Amended and Restated AMB Nonqualifed and Deferred Compensation Plan.

F4: One-third of the shares subject to the option vest and become exercisable annually on February 1. The shares will vest fully on February 1, 2014.

F5: One-fourth of the shares subject to the option vest and become exercisable quarterly on April 1, 2011, July 1, 2011, October 1, 2011, and January 1, 2012. The shares will vest fully on January 1, 2012.