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Filing Details

Accession Number:: 0001181431-10-047692
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-09-22 21:52:08
Reporting Period:: 2010-09-20

Filing Date:: 2010-09-22
Accepted Time:: 2010-09-22 21:52:08
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1297996	Digital Realty Trust Inc.	DLR	Real Estate Investment Trusts (6798)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1307117	William A Stein	560 Mission Street, Suite 2900 San Francisco CA 94105	Cfo And Cio	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2010-09-20	1,680	$0.00	1,680	No	4	M	Direct
Common Stock	Disposition	2010-09-20	1,680	$63.26	0	No	4	S	Direct
Common Stock	Acquisiton	2010-09-20	10,770	$0.00	10,770	No	4	M	Direct
Common Stock	Disposition	2010-09-20	10,770	$63.26	0	No	4	S	Direct
Common Stock	Acquisiton	2010-09-20	3,483	$41.73	3,483	No	4	M	Direct
Common Stock	Disposition	2010-09-20	3,483	$63.25	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Class C Profits Interest Units	Disposition	2010-09-20	1,680	$0.00	1,680	$0.00
Common Stock	Long-Term Incentive Units	Disposition	2010-09-20	10,770	$0.00	10,770	$0.00
Common Stock	Employee Stock Option (right to buy)	Disposition	2010-09-20	3,483	$0.00	3,483	$41.73

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
16,809		No	4	M	Direct
71,476		No	4	M	Direct
7,517	2017-05-02	No	4	M	Direct

Footnotes

In accordance with the terms of a Trading Plan (SEC Rule 10b5-1 - Securities Exchange Act of 1934), A. William Stein converted 1,680 Class C Profits Interest Units ("Class C Units") into common limited partnership units ("Common Units") of Digital Realty Trust, L.P., a Maryland Limited Partnership (the "Operating Partnership"), and subsequently redeemed the 1,680 Common Units for 1,680 shares of the common stock of Digital Realty Trust, Inc. (the "Issuer"), all in accordance with the requirements of the Limited Partnership Agreement of the Operating Partnership.
Class C Units are membership interests in the Operating Partnership of which the Issuer is the general partner. Vested Class C Units that have satisfied the performance condition and achieved full parity with Common Units receive the same quarterly distributions as Common Units, and may be converted into an equal number of Common Units on a one-for-one basis at any time. Common Units will be redeemable for cash based on the fair market value of an equivalent number of shares of the Issuer's common stock, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock. The Class C Units have achieved full parity with Common Units.
Common Stock sold in accordance with the terms of a Trading Plan (SEC Rule 10b5-1 - Securities Exchange Act of 1934).
In accordance with the terms of a Trading Plan (SEC Rule 10b5-1 - Securities Exchange Act of 1934), A. William Stein converted 10,770 long-term incentive units into Common Units of the Operating Partnership, and subsequently redeemed the 10,770 Common Units for 10,770 shares of the common stock of the Issuer, all in accordance with the requirements of the Limited Partnership Agreement of the Operating Partnership.
Long-term incentive units are profits interest units in the Operating Partnership. Vested profits interest units may be converted into an equal number of Common Units in the Operating Partnership on a one-for-one basis at any time. Common Units are redeemable for cash based on the fair market value of an equivalent number of shares of the Issuer's common stock, or, at the election of the Issuer, for an equal number of shares of the Issuer's common stock, subject to adjustment in the event of stock splits, stock dividends, issuance of stock rights, specified extraordinary distributions or similar events.
1 for 1.
N/A
Represents the average sale price. Exact sale prices range from $63.25 to $63.29.
Twenty percent of the option shares vested on May 2, 2008; thereafter 1/60th vest monthly so that the option will be fully vested on the fifth anniversary of the grant date.