Prologis, Inc. — Director's Dealing 2019

Jul 25, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2019-07-23

Reporting Person: Olinger Thomas S (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-07-23	Common Stock	M	5200	$22.14	Acquired	20667	Direct
2019-07-23	Common Stock	S	5200	$82.24	Disposed	15467	Direct
2019-07-23	Common Stock	S	7851	$82.25	Disposed	7616	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-07-23	NQ Stock Options	$22.14	M	5200	Disposed	2020-02-11	Common Stock (5200)	Direct
2019-07-23	LTIP Units	$0.00	M	23000	Disposed		Common Stock (23000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	29170	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 $82.25 to $82.26. 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: Held indirectly through a rabbi trust pursuant to our nonqualified deferred compensation plans.

F3: Options issued under the 2002 Stock Option and Incentive Plan which became fully vested on February 1, 2013. There are zero options remaining exercisable under this award.

F4: Conversion of LTIP Units (the "LTIP Units") of Prologis, L.P. into common units of Prologis, L.P. (the "Common Units") and redemption of
Common Units for cash. The units have no exercisable date or expiration date.