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: Tran Nina A (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-02	Common Stock	A	1820	—	Acquired	29772	Direct
2011-02-02	Common Stock	A	2469	—	Acquired	32241	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	5154	Acquired	2021-02-02	Common Stock (5154)	Direct
2011-02-02	Non-Qualified Stock Option (right to buy)	$32.95	A	19574	Acquired	2021-02-02	Common Stock (19574)	Direct
2011-02-02	Non-Qualified Stock Option (right to buy)	$32.95	A	9787	Acquired	2021-02-02	Common Stock (9787)	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: 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 partially each February 1; 40% lapses annually for the first 2 years, and 20% lapses in the third year. The repurchase right lapses fully on Febraury 1, 2014.

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.