Prologis, Inc. — Director's Dealing 2012

Jul 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2012-06-29

Reporting Person: LOSH J MICHAEL (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-29	Dividend Equivalent Units	$0.00	A	29	Acquired		Common Stock (29)	Direct
2012-06-29	Dividend Equivalent Units	$0.00	A	6	Acquired		Common Stock (6)	Direct
2012-06-30	Deferred Stock Units	$0.00	A	820	Acquired		Common Stock (820)	Direct

Footnotes

F1: Represents Dividend Equivalent Units (DEUs) earned on stock units deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan). DEUs accrue on outstanding deferred stock units at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. DEUs and the underlying deferred stock units vest 100% on the earlier of the first anniversary of the grant date or the first annual meeting of the stockholders of Prologis (generally in May each year). The receipt of such DEUs is deferred along with the underlying deferred stock units. DEUs are paid in the form of Prologis common stock at the rate of one common share per DEU. Balance in column 9 includes deferred stock units and DEUs.

F2: Represents DEUs earned on deferred stock units previously credited under the NQDC Plan based on the reporting person's election to defer receipt of fees. The DEUs vest upon issuance and are paid in the form of Prologis common stock at the rate of one common share per DEU in accordance with the deferral election made by the reporting person, or upon termination of service. Balance in column 9 includes deferred stock units and DEUs.

F3: Represents director fees that the reporting person has elected to defer into stock units under the NQDC Plan. These deferred stock units are vested upon issuance and accrue DEUs at the Prologis common stock dividend rate at the time dividends are paid on Prologis common stock. Deferred stock units are paid in the form of Prologis common stock at the rate of one common share per DEU in accordance with the deferral election made by the reporting person, or upon termination of service. Balance in column 9 includes deferred stock units and DEUs.