Sec Form 4 Filing - OKLAK DENNIS D @ DUKE REALTY CORP - 2017-01-25

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
OKLAK DENNIS D
2. Issuer Name and Ticker or Trading Symbol
DUKE REALTY CORP [ DRE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
600 E. 96TH ST, #100
3. Date of Earliest Transaction (MM/DD/YY)
01/25/2017
(Street)
INDIANAPOLIS, IN46240
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/25/2017 A 106,741 A $ 0 ( 1 ) 395,599 ( 2 ) D
Common Stock 01/25/2017 M 12,075 A 407,674 D
Common Stock 01/25/2017 F 50,105 ( 4 ) D $ 26.2 357,569 D
Common Stock 953 I By 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Options-Right to Buy $ 47.68 ( 5 ) 02/10/2017 Common Stock 86,987 86,987 D
Phantom Stock Units ( 6 ) ( 6 ) ( 6 ) Common Stock 397,781 397,781 ( 6 ) D
Phantom Stock Units ( 7 ) 01/25/2017 M 12,075 ( 7 ) ( 7 ) Common Stock 12,075 ( 3 ) 33,923 ( 7 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
OKLAK DENNIS D
600 E. 96TH ST, #100
INDIANAPOLIS, IN46240
X
Signatures
Tracy D. Swearingen for Dennis D. Oklak per POA prev. filed. 01/27/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents an award of performance share plan units pursuant to Rule 16b-3(d) of Section 16b of the Securities Exchange Act of 1934.
( 2 )Balance reflects reduction of 392 dividend reinvestment shares previously reported.
( 3 )On January 25, 2017, the Reporting Person received 12,075 shares of DRE common stock in settlement of an equal number of shares of phantom stock held pursuant to the 2000 Performance Share Plan of Duke Realty Corporation.
( 4 )Represents shares withheld for taxes upon the vesting of performance share plan units granted pursuant to Rule 16b-3 of Section 16b of the Securities Exchange Act of 1934 and upon the settlement of phantom stock held pursuant to the 2000 Performance Share Plan of Duke Realty Corporation.
( 5 )The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/10/2012.
( 6 )Represents phantom stock units acquired under the Executives' Deferred Compensation Plan of Duke Realty Services Limited Partnership. The units are valued on a one to one basis to the Company's common stock and are to be settled in cash and/or stock upon the Reporting Person's termination of employment.
( 7 )Represents phantom stock units vested under the 2000 Performance Share Plan of Duke Realty Corporation. The units are valued on a one to one basis to the Company's common stock and are to be settled in stock upon the Reporting Person's termination of employment.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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