Prologis, Inc. — Director's Dealing 2011

Feb 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMB PROPERTY CORP (AMB)
CIK: 0001045609
Period of Report: 2011-02-08

Reporting Person: COLE DAVID A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-08	Common Stock	M	8200	$29.24	Acquired	53482	Direct
2011-02-08	Common Stock	S	8200	$33.75	Disposed	45282	Direct
2011-02-09	Common Stock	M	1800	$29.24	Acquired	47082	Direct
2011-02-09	Common Stock	S	1800	$33.67	Disposed	45282	Direct
2011-02-09	Common Stock	M	13725	$28.14	Acquired	59007	Direct
2011-02-09	Common Stock	S	13725	$33.67	Disposed	45282	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-08	Non-Qualified Stock Option (right to buy)	$29.24	M	8200	Disposed	2012-05-30	Common Stock (8200)	Direct
2011-02-09	Non-Qualified Stock Option (right to buy)	$29.24	M	1800	Disposed	2012-05-30	Common Stock (1800)	Direct
2011-02-09	Non-Qualified Stock Option (right to buy)	$28.14	M	13725	Disposed	2012-05-22	Common Stock (13725)	Direct

Footnotes

F1: Of the 45,282 shares beneficially owned, 34,987 shares are directly held (D) and 10,295 shares are indirectly (I) held through a rabbi trust pursuant to our nonqualified deferred compensation plan.

F2: Not applicable.