Prologis, Inc. — Director's Dealing 2014

Feb 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2014-02-03

Reporting Person: Curless Michael S (Chief Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-03	Common Stock	M	8873	$0.00	Acquired	20652	Direct
2014-02-03	Common Stock	F	3335	$38.17	Disposed	17317	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-03	Restricted Stock Units	$0.00	M	8873	Disposed		Common Stock (8873)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15016	Indirect
Common Stock	15015	Indirect

Footnotes

F1: Conversion of 33% of RSU grant following vest on February 1, 2014 and issuance to reporting person on February 3, 2014. The RSU grant converts into Prologis common stock upon vesting on a 1-for-1 basis, and has no exercise price or expiration date. The remaining 33% of the RSU grant will vest on February 1, 2015.

F2: Shares withheld for payment of the tax liability associated with the receipt of common stock acquired upon the vesting of the RSUs referenced in Table II.

F3: Held indirectly in a trust of which the reporting person is the trustee and beneficiary.

F4: Held indirectly in a trust of which the reporting person's spouse is the trustee and beneficiary.