Prologis, Inc. — Director's Dealing 2015

May 1, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2015-04-29

Reporting Person: KENNARD LYDIA H (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-04-29	Deferred Stock Units-NQDC	$0.00	A	3651	Acquired		Common Stock (3651)	Direct

Footnotes

F1: Deferred Stock Units (DSUs) granted April 29, 2015 which vest 100% on the earlier of the first anniversary of the grant date, or the first annual meeting of the stockholders of Prologis that occurs after the grant date, and are deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan until April 29, 2018. DSUs earn dividend equivalent units (DEUs) when distributions are declared on Prologis common stock and have no exercisable or expiration date. DSUs and accrued DEUs are convertible into Prologis common stock on a 1-for-1 basis. Balance in column 9 includes DSUs and DEUs.