Prologis, Inc. — Director's Dealing 2020

May 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Prologis, Inc. (PLD)
CIK: 0001045609
Period of Report: 2020-04-29

Reporting Person: LOSH J MICHAEL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-29	Common Stock	M	29743	$0.00	Acquired	51082	Direct
2020-04-29	Common Stock	M	24575	$0.00	Acquired	75657	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-29	Deferred Stock Units and Dividend Equivalent Units-NQDC	$0.00	M	29745.9176	Disposed		Common Stock (29745.9176)	Direct
2020-04-29	Phantom Shares and Dividend Equivalent Units-NQDC	$0.00	M	24590.7147	Disposed		Common Stock (24590.7147)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2000	Indirect
Common Stock	2000	Indirect

Footnotes

F1: Conversion of Deferred Stock Units (DSUs) and Dividend Equivalent Units (DEUs) that were deferred under the Prologis, Inc. Nonqualified Deferred Compensation Plan (the NQDC Plan) per the terms of the NQDC Plan and applicable deferral elections. Mr. Losh retired from our board on April 29, 2020. The DSUs and DEUs convert into Prologis common stock on a 1-for-1 basis, and have no exercise price or expiration date. The difference of 2.9177 shares represents cumulative fractional shares which have been converted to a cash payout.

F2: Conversion of deferred phantom shares and DEUs earned on director fees per the terms of the NQDC Plan and applicable deferral elections. The phantom shares and DEUs convert into Prologis common stock on a 1-for-1 basis, and have no exercise price or expiration date. The difference of 15.7146 shares is fractional shares converted to a cash payout.