Prologis, Inc. — Director's Dealing 2011

Jan 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMB PROPERTY CORP (AMB)
CIK: 0001045609
Period of Report: 2011-01-27

Reporting Person: JAQUIER GUY F (President, Europe and Asia)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-27	Common Stock	M	79480	$26.29	Acquired	277485	Direct
2011-01-27	Common Stock	S	79480	$35.00	Disposed	198005	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-27	Non-Qualified Stock Option (right to buy)	$26.29	M	79480	Disposed	2012-02-26	Common Stock (79480)	Direct

Footnotes

F1: All transactions covered by this Form 4 were conducted pursuant to and in accordance with a 10b5-1 plan dated October 29, 2010.

F2: Of the 198,005 securities beneficially owned, 63,025 are directly (D) held, 1,000 shares are indirectly held (I) in custodial accounts for reporting person's children, 31,208 shares are indirectly held (I) as a co-trustee for the Jaquier Family Trust, and 102,772 securities are held indirectly (I) through a rabbi trust pursuant to our amended and restated nonqualified deferred compensation plan.

F3: One-third of the shares subject to the option vest and become exercisable annually on January 1. The shares vested fully on January 1, 2005.

F4: Not applicable.