Prologis, Inc. — Director's Dealing 2017

May 30, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2017-05-25

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-25	Common Stock	M	36997	$32.95	Acquired	36997	Direct
2017-05-25	Common Stock	S	36997	$56.0165	Disposed	0	Direct
2017-05-30	Common Stock	M	234791	$32.95	Acquired	234791	Direct
2017-05-30	Common Stock	S	234791	$56.0436	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-25	NQ Stock Options	$32.95	M	36997	Disposed	2021-02-02	Common Stock (36997)	Direct
2017-05-30	NQ Stock Options	$32.95	M	234791	Disposed	2021-02-02	Common Stock (234791)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	982414	Indirect
Common Stock	803945	Indirect
Common Stock	1939089	Indirect
Common Stock	131775	Indirect

Footnotes

F1: Held indirectly through a rabbi trust pursuant to our NQDC plans.

F2: Held indirectly through a rabbi trust pursuant to the AMB Property Corporation 2011 Notional Account Deferred Compensation Plan.

F3: Held indirectly in a trust FBO the reporting person with the reporting person and his spouse as sole trustees.

F4: Held indirectly in a trust with the reporting person as trustee.

F5: THE OPTION EXERCISE COVERED BY THIS FORM 4 WAS CONDUCTED PURSUANT TO AND IN ACCORDANCE WITH A 10B5-1 PLAN DATED FEBRUARY 24, 2017.

F6: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.000 to $56.1000. 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.

F7: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.00 to $56.14. 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.

F8: Options issued under the 2002 Stock Option and Incentive Plan which became fully vested on February 1, 2014.

F9: Options issued under the 2002 Stock Option and Incentive Plan which became fully vested on January 1, 2012 and February 1, 2014.