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Prologis, Inc. — Director's Dealing 2011
May 9, 2011
29861_dirs_2011-05-09_9a701fcd-109d-4037-9bbe-067035df43e7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: AMB PROPERTY CORP (AMB)
CIK: 0001045609
Period of Report: 2011-05-05
Reporting Person: KENNARD LYDIA H (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-05-05 | Common Stock | D | 2934 | — | Disposed | 11134 | Direct |
| 2011-05-05 | Stock Units | A | 2934 | — | Acquired | 14068 | Indirect |
| 2011-05-05 | Common Stock | A | 3618 | $0.00 | Acquired | 17686 | Direct |
| 2011-05-05 | Common Stock | D | 3618 | — | Disposed | 14068 | Direct |
| 2011-05-05 | Stock Units | A | 3618 | — | Acquired | 17686 | Indirect |
Footnotes
F1: Upon vesting of the 2,934 shares of restricted stock on 5/5/2011, the reporting person deferred these shares into our nonqualified deferred compensation plan. The deferral of these shares was credited to the reporting person's account in the form of an equivalent number of stock units, each of which represents the reporting person's right to receive a share of AMB common stock upon distribution of his account. Distribution will occur upon retirement, death, other termination of directorship or disability, upon AMB's change of control or on such other date as the reporting person elects.
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 the Company, which lapses fully on May 5,2011.
F4: Upon vesting of the 3,618 shares of restricted stock on 5/5/2011, the reporting person deferred these shares into our nonqualified deferred compensation plan. The deferral of these shares was credited to the reporting person's account in the form of an equivalent number of stock units, each of which represents the reporting person's right to receive a share of AMB common stock upon distribution of his account. Distribution will occur upon retirement, death, other termination of directorship or disability, upon AMB's change of control or on such other date as the reporting person elects.
F5: Of the 17,686 shares beneficially owned, 1,500 shares are directly owned (D) and 16,186 shares are held indirectly (I) through a rabbi trust pursuant to our Nonqualified Deferred Compensation Plan.