Prologis, Inc. — Director's Dealing 2017

May 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2017-05-03

Reporting Person: Palazzolo Lori A (Chief Accounting Officer/MD)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-03	Common Stock	S	6539.776	$53.9534	Disposed	3315	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	188.696	Indirect

Footnotes

F1: The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $53.9523 to $53.9601. 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.

F2: Represents shares held in the company's 401(k) Plan as of March 31, 2017.