FILED PURSUANT TO
RULE 424(b)(7)
SEC FILE NO. 333-140796
PROSPECTUS SUPPLEMENT No.
5
(To Prospectus dated February 20, 2007)
DATED: August 31, 2007
11,747,135 Common Shares
Our operating partnership, Duke Realty Limited Partnership, issued and sold $575 million aggregate principal amount of its 3.75% Exchangeable Senior Notes due 2011, or the notes, in a private transaction on November 22, 2006. Under certain circumstances, we may issue shares of our common stock upon the exchange or redemption of the notes. In such circumstances, the recipients of such common stock, whom we refer to as the selling shareholders, may use this prospectus supplement, together with the prospectus to which it relates, to resell from time to time the shares of our common stock that we may issue to them upon the exchange or redemption of the notes. Additional selling shareholders may be named by future prospectus supplements.
This prospectus supplement amends and supplements, and should be read in conjunction with, the prospectus dated February 20, 2007, and future prospectus supplements.
The selling shareholder table, appearing under the heading Selling Shareholders in the accompanying prospectus, is amended and supplemented by the information in the following table.
Name |
|
|
|
Number of |
|
Percentage of |
|
Number of |
|
Number of |
|
Percentage of |
|
Admiral Flagship Master Fund, Ltd. |
|
51,074 |
|
* |
|
51,074 |
|
|
|
|
|
||
Arctos Partners Inc. |
|
204,298 |
|
* |
|
204,298 |
|
|
|
|
|
||
Aristeia International Limited |
|
564,271 |
|
* |
|
564,271 |
|
|
|
|
|
||
Aristeia Partners LP |
|
191,631 |
|
* |
|
191,631 |
|
|
|
|
|
||
BBT Fund, L.P. |
|
210,937 |
|
* |
|
210,937 |
|
|
|
|
|
||
Bank of America Pension Plan |
|
102,149 |
|
* |
|
102,149 |
|
|
|
|
|
||
Barnet Partners Ltd. |
|
20,429 |
|
* |
|
20,429 |
|
|
|
|
|
||
Beamtenversicherungskasse Des Kantons Zurich |
|
136,879 |
|
* |
|
136,879 |
|
|
|
|
|
||
Bernische Lehreruersicherungskasse |
|
34,730 |
|
* |
|
34,730 |
|
|
|
|
|
||
Black Diamond Offshore Ltd. |
|
14,729 |
|
* |
|
14,729 |
|
|
|
|
|
Name |
|
|
|
Number of |
|
Percentage of |
|
Number of |
|
Number of |
|
Percentage of |
|
Black Diamond Convertible Offshore LLC |
|
32,687 |
|
* |
|
32,687 |
|
|
|
|
|
||
BNP Paribas Arbitrage |
|
51,074 |
|
* |
|
51,074 |
|
|
|
|
|
||
CAP Fund, L.P. |
|
96,530 |
|
* |
|
96,530 |
|
|
|
|
|
||
Canyon Capital Arbitrage Master Fund, Ltd. |
|
679,290 |
|
* |
|
679,290 |
|
|
|
|
|
||
The Canyon Value Realization Fund (Cayman), Ltd. |
|
763,053 |
|
* |
|
763,053 |
|
|
|
|
|
||
Canyon Value Realization MAC 18 Ltd. |
|
58,224 |
|
* |
|
58,224 |
|
|
|
|
|
||
Canyon Value Realization Fund, L.P. |
|
297,253 |
|
* |
|
297,253 |
|
|
|
|
|
||
Capital Ventures International |
|
102,149 |
|
* |
|
102,149 |
|
|
|
|
|
||
Citigroup Global Markets Inc. |
|
967,351 |
|
* |
|
967,351 |
|
|
|
|
|
||
CMH Strategies |
|
1,389 |
|
* |
|
1,389 |
|
|
|
|
|
||
Credit Suisse Europe Ltd. |
|
423,918 |
|
* |
|
423,918 |
|
|
|
|
|
||
Credit Suisse Securities LLC |
|
153,223 |
|
* |
|
153,223 |
|
|
|
|
|
||
Double Black Diamond Offshore LDC |
|
116,020 |
|
* |
|
116,020 |
|
|
|
|
|
||
Empyrean Capital Fund, LP |
|
115,305 |
|
* |
|
115,305 |
|
|
|
|
|
||
Empyrean Capital Overseas Benefit Plan, Ltd. |
|
24,536 |
|
* |
|
24,536 |
|
|
|
|
|
||
Empyrean Capital Overseas Fund, Ltd. |
|
217,679 |
|
* |
|
217,679 |
|
|
|
|
|
||
Florida Fruit & Vegetable Association |
|
1,797 |
|
* |
|
1,797 |
|
|
|
|
|
||
Fore Convertible Master Fund, Ltd. |
|
46,110 |
|
* |
|
46,110 |
|
|
|
|
|
||
Fore ERISA Fund, Ltd. |
|
4,964 |
|
* |
|
4,964 |
|
|
|
|
|
||
Gemini Sammelstiftung Zur Forderling Der Personaluorsorge |
|
14,913 |
|
* |
|
14,913 |
|
|
|
|
|
||
Georgia Municipal Employee Benefit System |
|
27,416 |
|
* |
|
27,416 |
|
|
|
|
|
||
Highbridge Convertible Arbitrage Master Fund LP |
|
10,214 |
|
* |
|
10,214 |
|
|
|
|
|
||
Highbridge International LLC |
|
91,934 |
|
* |
|
91,934 |
|
|
|
|
|
||
Jefferies Umbrella Fund Global Convertible Bond |
|
157,309 |
|
* |
|
157,309 |
|
|
|
|
|
||
IIU Convertible Arbitrage Fund Limited |
|
3,207 |
|
* |
|
3,207 |
|
|
|
|
|
||
IIU Convertible Fund, plc |
|
46,477 |
|
* |
|
46,477 |
|
|
|
|
|
||
Institutional Benchmark Series (Master Feeder) Limited in respect of Electra Series c/o Quattro Fund |
|
14,300 |
|
* |
|
14,300 |
|
|
|
|
|
||
Ionic Capital Master Fund Ltd. |
|
61,289 |
|
* |
|
61,289 |
|
|
|
|
|
||
John Deere Pension Trust |
|
20,429 |
|
* |
|
20,429 |
|
|
|
|
|
||
JP Morgan Securities Inc. |
|
122,578 |
|
* |
|
122,578 |
|
|
|
|
|
||
LDG Limited |
|
3,779 |
|
* |
|
3,779 |
|
|
|
|
|
||
Lydian Global Opportunities Master Fund Ltd. |
|
61,289 |
|
* |
|
61,289 |
|
|
|
|
|
||
Lydian Overseas Partners Master Fund, L.T.D. |
|
245,157 |
|
* |
|
245,157 |
|
|
|
|
|
||
Lyxor/Canyon Value Realization Fund Ltd. |
|
51,074 |
|
* |
|
51,074 |
|
|
|
|
|
||
Lyxor/Canyon Capital Arbitrage Fund Ltd. |
|
143,008 |
|
* |
|
143,008 |
|
|
|
|
|
2
Name |
|
|
|
Number of |
|
Percentage of |
|
Number of |
|
Number of |
|
Percentage of |
|
Old Lane HMA Master Fund LP |
|
158,739 |
|
* |
|
158,739 |
|
|
|
|
|
||
Old Lane Cayman Master Fund LP |
|
672,487 |
|
* |
|
672,487 |
|
|
|
|
|
||
Old Lane US Master Fund LP |
|
241,337 |
|
* |
|
241,337 |
|
|
|
|
|
||
Partners Group Alternative Strategies PCC Limited, Red Delta Cell c/o Quattro Fund |
|
20,429 |
|
* |
|
20,429 |
|
|
|
|
|
||
Pensionskasse Der Antalis Ag |
|
2,247 |
|
* |
|
2,247 |
|
|
|
|
|
||
Pensionskasse Der Lonza Ag |
|
6,128 |
|
* |
|
6,128 |
|
|
|
|
|
||
Pensionskasse Huntsman |
|
4,290 |
|
* |
|
4,290 |
|
|
|
|
|
||
Pensionskasse Huntsman II |
|
5,516 |
|
* |
|
5,516 |
|
|
|
|
|
||
Pensionskasse Der Rockwell Automation Ag |
|
4,290 |
|
* |
|
4,290 |
|
|
|
|
|
||
Peoples Benefit Life Insurance Company Teamsters |
|
81,719 |
|
* |
|
81,719 |
|
|
|
|
|
||
Plexus Fund Limited |
|
510,745 |
|
* |
|
510,745 |
|
|
|
|
|
||
Polygon Global Opportunities Master Fund |
|
204,298 |
|
* |
|
204,298 |
|
|
|
|
|
||
PV Promea |
|
9,602 |
|
* |
|
9,602 |
|
|
|
|
|
||
Quattro Fund Ltd. |
|
155,266 |
|
* |
|
155,266 |
|
|
|
|
|
||
Quattro Multistrategy Masterfund LP |
|
14,300 |
|
* |
|
14,300 |
|
|
|
|
|
||
Redbourn Partners Ltd. |
|
245,157 |
|
* |
|
245,157 |
|
|
|
|
|
||
Redbrick Capital MasterFund LTD |
|
153,223 |
|
* |
|
153,223 |
|
|
|
|
|
||
Royal Bank of Canada |
|
91,934 |
|
* |
|
91,934 |
|
|
|
|
|
||
SRI Fund, L.P. |
|
50,053 |
|
* |
|
50,053 |
|
|
|
|
|
||
Tamalpais Asset Management L.P. |
|
204,298 |
|
* |
|
204,298 |
|
|
|
|
|
||
TQA Master Fund, Ltd. |
|
24,209 |
|
* |
|
24,209 |
|
|
|
|
|
||
TQA Master Plus Fund, Ltd. |
|
13,871 |
|
* |
|
13,871 |
|
|
|
|
|
||
UBS OConnor LLC F/B/O: OConnor Global Convertible Arbitrage Master Limited |
|
192,653 |
|
* |
|
192,653 |
|
|
|
|
|
||
UBS OConnor LLC F/B/O: OConnor Global Convertible Arbitrage II Master Limited |
|
11,644 |
|
* |
|
11,645 |
|
|
|
|
|
||
UBS Securities LLC |
|
81,719 |
|
* |
|
81,719 |
|
|
|
|
|
||
Universal Investment Gesellschaft MBH Ref Aventis |
|
102,149 |
|
* |
|
102,149 |
|
|
|
|
|
||
Waterstone Market Neutral Master Fund, Ltd. |
|
132,589 |
|
* |
|
132,589 |
|
|
|
|
|
||
Waterstone Market Neutral MAC51 Fund, Ltd. |
|
71,708 |
|
* |
|
71,708 |
|
|
|
|
|
||
Yield Strategies Fund I, L.P. |
|
40,859 |
|
* |
|
40,859 |
|
|
|
|
|
||
Zurich Institutional Benchmarks Master Fund, Ltd. c/o TQA Investors, LLC |
|
9,213 |
|
* |
|
9,213 |
|
|
|
|
|
||
Zurich Institutional Funds, Wandelanleihen |
|
53,117 |
|
* |
|
53,117 |
|
|
|
|
|
3
Name |
|
|
|
Number of |
|
Percentage of |
|
Number of |
|
Number of |
|
Percentage of |
|
Any other holder of common stock issuable upon exchange of notes or future transferee, pledgee, donee or successor of any holder |
|
1,419,924 |
|
* |
|
1,419,924 |
|
|
|
|
|
||
TOTAL(4) |
|
11,747,135 |
(5) |
8.58 |
% |
11,747,135 |
(5) |
|
|
|
|
* Less than 1%.
(1) Assumes conversion of the notes into shares of common stock at a conversion rate of 20.4298 shares of common stock per each $1,000 principal amount of notes.
(2) Based on a total of 136,945,089 shares of our common stock outstanding as of August 1, 2007.
(3) We do not know when or in what amounts a selling shareholder may offer shares of our common stock for sale. The selling shareholders might not sell any or all of the shares of our common stock offered by this prospectus. Because the selling shareholders may offer all or some of the shares of our common stock pursuant to this prospectus, and because there are currently no agreements, arrangements or understandings with respect to the sale of any of the shares of our common stock, we cannot estimate the number of shares of our common stock that will be held by the selling shareholders after completion of this offering. However, for purposes of this table, we have assumed that, after completion of the offering pursuant to this prospectus, none of the shares of our common stock covered by this prospectus will be held by the selling shareholders
(4) Additional selling shareholders not named in the prospectus will not be able to use the prospectus for resales until they are named in the selling shareholder table by prospectus supplement or post-effective amendment. Transferees, successors and donees of identified selling shareholders will not be able to use this prospectus for resales until they are named in the selling shareholders table by prospectus supplement or post-effective amendment. If required, we will add transferees, successors and donees by additional prospectus supplement in instances where the transferee, successor or donee has acquired its shares from holders named in the prospectus or prospectus supplement after the effective date of this prospectus.
(5) We will issue cash for all fractional shares of our common stock based on the closing sale price of our common stock on the trading day immediately preceding the exchange date.
4