Prologis, Inc. — Director's Dealing 2011

May 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMB PROPERTY CORP (AMB)
CIK: 0001045609
Period of Report: 2011-05-05

Reporting Person: BURKE T ROBERT (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-05	Common Stock	D	2934	—	Disposed	215529	Direct
2011-05-05	Stock Units	A	2934	—	Acquired	218463	Indirect
2011-05-05	Common Stock	A	3618	$0.00	Acquired	222081	Direct
2011-05-05	Common Stock	D	3618	—	Disposed	218463	Direct
2011-05-05	Stock Units	A	3618	—	Acquired	222081	Indirect

Footnotes

F1: Upon vesting of the 2,934 shares of restricted stock on 5/05/2011, 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 222,081 shares beneficially owned, 145,235 shares are directly held (D), 15,000 shares are indirectly held (I) as Trustee for the TRB Trust 1997 - LPPA U/A/D May 30, 1997, 15,000 shares are indirectly held (I) as Trustee for the TRB Trust 1997 - JCB U/A/D May 30, 1997, 15,000 shares are indirectly held (I) as Trustee for the TRB Trust 1997 - TSB U/A/D May 30, 1997, and 15,000 shares are indirectly held (I) as Trustee for the EDB 1998 Trust, and 16,846 shares are indirectly held (I) through a rabbi trust pursuant to our nonqualified deferred compensation plan.