Prologis, Inc. — Director's Dealing 2011

Mar 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMB PROPERTY CORP (AMB)
CIK: 0001045609
Period of Report: 2011-03-11

Reporting Person: SKELTON JEFFREY L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-11	Common Stock	M	10281	$24.69	Acquired	35640	Direct
2011-03-11	Common Stock	S	10281	$34.71	Disposed	25359	Direct
2011-03-11	Common Stock	M	6000	$24.47	Acquired	31359	Direct
2011-03-11	Common Stock	S	6000	$34.71	Disposed	25359	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-11	Non-Qualified Stock Option (right to buy)	$24.69	M	10281	Disposed	2011-05-22	Common Stock (10281)	Direct
2011-03-11	Non-Qualified Stock Option (right to buy)	$24.47	M	6000	Disposed	2011-02-17	Common Stock (6000)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $34.69 to $34.74. 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: Not applicable.