Prologis, Inc. — Director's Dealing 2013

May 20, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2013-05-16

Reporting Person: MOGHADAM HAMID R (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-16	Common Stock	M	64001	$35.26	Acquired	99602	Direct
2013-05-16	Common Stock	S	64001	$44.00	Disposed	35601	Direct
2013-05-17	Common Stock	M	130956	$35.26	Acquired	166557	Direct
2013-05-17	Common Stock	S	130956	$44.0035	Disposed	35601	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-16	NQ Stock Options	$35.26	M	64001	Disposed	2014-01-27	Common Stock (64001)	Direct
2013-05-17	NQ Stock Options	$35.26	M	130956	Disposed	2014-01-27	Common Stock (130956)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	318958	Indirect
Common Stock	803945	Indirect
Common Stock	2255395	Indirect
Common Stock	131776	Indirect

Footnotes

F1: The option exercises covered by this Form 4 were conducted pursuant to and in accordance with a 10b5-1 plan dated May 4,2012.

F2: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.00 to $44.02. The reporting person undertakes to provide to Prologis, Inc., any security holder of Prologis, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price.

F3: Held indirectly through a rabbi trust pursuant to our nonqualified deferred compensation plans.

F4: Held indirectly through a rabbi trust pursuant to the AMB Property Corporation 2011 Notional Deferred Compensation Plan.

F5: Held indirectly in a trust FBO with the reporting person and his spouse as sole trustees.

F6: Held indirectly in a trust with the reporting person as trustee.

F7: Options issued under the 2002 Stock Option and Incentive Plan which became fully vested on January 27, 2004. There are no options remaining exercisable under this award.