FILED PURSUANT TO
RULE 424(b)(7)
SEC FILE NO. 333-140796
RULE 424(b)(7)
SEC FILE NO. 333-140796
PROSPECTUS SUPPLEMENT No. 14
(To Prospectus dated February 20, 2007)
DATED: October 9, 2008
(To Prospectus dated February 20, 2007)
DATED: October 9, 2008
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.
| Number of | Percentage of | Number of | Percentage of | |||||||||||
| Shares | Shares | Shares | Shares | |||||||||||
| Beneficially | Beneficially | Beneficially | Beneficially | |||||||||||
| Owned Prior to | Owned Prior to | Number of Shares | Owned Following | Owned Following | ||||||||||
| Name (1) | the Offering (2)(3) | the Offering (4) | Offered Hereby (3)(5) | the Offering (5) | the Offering (5) | |||||||||
Admiral Flagship Master Fund, Ltd.
|
51,074 | * | 51,074 | — | — | |||||||||
ARC Revocable Trust
|
1,021 | * | 1,021 | — | — | |||||||||
Arctos Partners Inc.
|
598,593 | * | 598,593 | — | — | |||||||||
Aristeia International Limited
|
564,271 | * | 564,271 | — | — | |||||||||
Aristeia Partners LP
|
191,631 | * | 191,631 | — | — | |||||||||
BBT Fund, L.P.
|
210,937 | * | 210,937 | — | — | |||||||||
Baldwin Enterprises, Inc.
|
4,086 | * | 4,086 | — | — | |||||||||
Bank of America Pension Plan
|
102,149 | * | 102,149 | — | — | |||||||||
Barnet Partners Ltd.
|
20,429 | * | 20,429 | — | — | |||||||||
Bayerische Hypo- and Vereinsbank
AG
|
919,341 | * | 919,341 | — | — | |||||||||
Beamtenversicherungskasse Des Kantons Zurich |
136,879 | * | 136,879 | — | — | |||||||||
Bernische Lehreruersicherungskasse
|
34,730 | * | 34,730 | — | — | |||||||||
1
| Number of | Percentage of | Number of | Percentage of | |||||||||||
| Shares | Shares | Shares | Shares | |||||||||||
| Beneficially | Beneficially | Beneficially | Beneficially | |||||||||||
| Owned Prior to | Owned Prior to | Number of Shares | Owned Following | Owned Following | ||||||||||
| Name (1) | the Offering (2)(3) | the Offering (4) | Offered Hereby (3)(5) | the Offering (5) | the Offering (5) | |||||||||
Black Diamond Offshore Ltd.
|
14,729 | * | 14,729 | — | — | |||||||||
Black Diamond Convertible Offshore LLC
|
32,687 | * | 32,687 | — | — | |||||||||
BNP Paribas Arbitrage
|
51,074 | * | 51,074 | — | — | |||||||||
CAP Fund, L.P.
|
96,530 | * | 96,530 | — | — | |||||||||
Capital Ventures International
|
102,149 | * | 102,149 | — | — | |||||||||
Citadel Equity Fund, Ltd.
|
153,224 | * | 153,224 | — | — | |||||||||
Citigroup Global Markets Inc.
|
946,921 | * | 946,921 | — | — | |||||||||
CMH Strategies
|
1,389 | * | 1,389 | — | — | |||||||||
CQS Convertible and Quantitative
Strategies Master Fund Limited
|
458,853 | * | 458,853 | — | — | |||||||||
Credit Suisse International
|
102,145 | * | 102,145 | — | — | |||||||||
Credit Suisse Europe Ltd.
|
423,918 | * | 423,918 | — | — | |||||||||
Credit Suisse Securities (USA) LLC
|
1,411,086 | * | 1,411,086 | — | — | |||||||||
Dekalb County Employers Pension Plan
|
5,925 | * | 5,925 | — | — | |||||||||
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 | — | — | |||||||||
Esurance Insurance Company
|
1,021 | * | 1,021 | — | — | |||||||||
Ferox Master Fund Limited
|
103,476 | * | 103,476 | — | — | |||||||||
Florida Fruit & Vegetable Association
|
1,083 | * | 1,083 | — | — | |||||||||
Folksamerica Reinsurance Company
|
4,086 | * | 4,086 | — | — | |||||||||
Fore Convertible Master Fund, Ltd.
|
46,110 | * | 46,110 | — | — | |||||||||
Fore ERISA Fund, Ltd.
|
4,964 | * | 4,964 | — | — | |||||||||
Fund American Reinsurance Company, Ltd.
|
4,086 | * | 4,086 | — | — | |||||||||
FXMC Limited
|
28,294 | * | 28,294 | — | — | |||||||||
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
|
51,075 | * | 51,075 | — | — | |||||||||
Highbridge International LLC
|
265,587 | * | 265,587 | — | — | |||||||||
Homeland Insurance Company of New York
|
3,575 | * | 3,575 | — | — | |||||||||
Jefferies Umbrella Fund Global Convertible Bond |
157,309 | * | 157,309 | — | — | |||||||||
ICM Business Trust
|
20,429 | * | 20,429 | — | — | |||||||||
Ionic Capital Master Fund Ltd.
|
561,819 | * | 561,819 | — | — | |||||||||
John Deere Pension Trust
|
20,429 | * | 20,429 | — | — | |||||||||
JP Morgan Securities Inc.
|
122,578 | * | 122,578 | — | — | |||||||||
Lancashire Insurance Company, Ltd.
|
3,575 | * | 3,575 | — | — | |||||||||
LDG Limited
|
3,779 | * | 3,779 | — | — | |||||||||
Lehman Brothers Inc.
|
81,719 | * | 81,719 | — | — | |||||||||
Lydian Global Opportunities Master Fund
Ltd.
|
132,841 | * | 132,841 | — | — | |||||||||
Lydian Overseas Partners Master Fund,
L.T.D.
|
408,740 | * | 408,740 | — | — | |||||||||
2
| Number of | Percentage of | Number of | Percentage of | |||||||||||
| Shares | Shares | Shares | Shares | |||||||||||
| Beneficially | Beneficially | Beneficially | Beneficially | |||||||||||
| Owned Prior to | Owned Prior to | Number of Shares | Owned Following | Owned Following | ||||||||||
| Name (1) | the Offering (2)(3) | the Offering (4) | Offered Hereby (3)(5) | the Offering (5) | the Offering (5) | |||||||||
Lyxor/Canyon Value Realization Fund Ltd.
|
51,074 | * | 51,074 | — | — | |||||||||
Lyxor/Canyon Capital Arbitrage Fund Ltd.
|
143,008 | * | 143,008 | — | — | |||||||||
Metropolitan Atlanta Rapid Transit Authority
|
2,063 | * | 2,063 | — | — | |||||||||
Montpelier Re Holdings, Ltd.
|
5,618 | * | 5,618 | — | — | |||||||||
Morgan Stanley & Co. Incorporated
|
102,182 | * | 102,182 | — | — | |||||||||
The Northern Assurance Co. of America
|
2,043 | * | 2,043 | — | — | |||||||||
Old Lane GMA Master Fund LP
|
124,887 | * | 124,887 | — | — | |||||||||
Old Lane HMA Master Fund LP
|
90,807 | * | 90,807 | — | — | |||||||||
Old Lane Cayman Master Fund LP
|
302,431 | * | 302,431 | — | — | |||||||||
Old Lane US Master Fund LP
|
229,847 | * | 229,847 | — | — | |||||||||
OneBeacon Insurance Savings Plan
|
6,129 | * | 6,129 | — | — | |||||||||
OneBeacon America Insurance Co.
|
8,683 | * | 8,683 | — | — | |||||||||
OneBeacon Insurance Co.
|
15,833 | * | 15,833 | — | — | |||||||||
OneBeacon Pension Plan
|
7,661 | * | 7,661 | — | — | |||||||||
Pearl Assurance LTD
|
20,429 | * | 20,429 | — | — | |||||||||
Pennsylvania General Insurance Company
|
4,597 | * | 4,597 | — | — | |||||||||
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 | — | — | |||||||||
Prospector Summit Fund, L.P.
|
2,043 | * | 2,043 | — | — | |||||||||
PV Promea
|
9,602 | * | 9,602 | — | — | |||||||||
Redbourn Partners Ltd.
|
245,157 | * | 245,157 | — | — | |||||||||
Redbrick Capital Master Fat Tail Fund
|
153,223 | * | 153,223 | — | — | |||||||||
Redbrick Capital MasterFund LTD
|
102,149 | * | 102,149 | — | — | |||||||||
Royal Bank of Canada
|
91,934 | * | 91,934 | — | — | |||||||||
Salar Fund PLC
|
10,215 | * | 10,215 | — | — | |||||||||
SilverCreek II Ltd.
|
51,090 | * | 51,090 | — | — | |||||||||
SilverCreek Limited Partnership
|
122,618 | * | 122,618 | — | — | |||||||||
SRI Fund, L.P.
|
50,053 | * | 50,053 | — | — | |||||||||
Stark Master Fund Ltd.
|
102,182 | * | 102,182 | — | — | |||||||||
Sunrise Partners Limited Partnership
|
122,574 | * | 122,574 | — | — | |||||||||
Symetra Financial Corp.
|
2,553 | * | 2,553 | — | — | |||||||||
Symetra Life Insurance Company
|
4,086 | * | 4,086 | — | — | |||||||||
Tamalpais Asset Management L.P.
|
204,298 | * | 204,298 | — | — | |||||||||
Thrivent Financial for Lutherans
|
71,504 | * | 71,504 | — | — | |||||||||
TQA Master Fund, Ltd.
|
24,209 | * | 24,209 | — | — | |||||||||
TQA Master Plus Fund, Ltd.
|
13,871 | * | 13,871 | — | — | |||||||||
UBS O’Connor LLC F/B/O:
|
* | — | — | |||||||||||
O’Connor Global Convertible Arbitrage
Master Limited
|
192,653 | * | 192,653 | — | — | |||||||||
O’Connor Global Convertible Arbitrage II
Master Limited
|
11,644 | * | 11,644 | — | — | |||||||||
UBS Securities LLC
|
81,719 | * | 81,719 | — | — | |||||||||
Universal Investment Gesellschaft MBH Ref Aventis |
102,149 | * | 102,149 | — | — | |||||||||
Wachovia Capital Markets, LLC
|
50,053 | * | 50,053 | — | — | |||||||||
3
| Number of | Percentage of | Number of | Percentage of | |||||||||||
| Shares | Shares | Shares | Shares | |||||||||||
| Beneficially | Beneficially | Beneficially | Beneficially | |||||||||||
| Owned Prior to | Owned Prior to | Number of Shares | Owned Following | Owned Following | ||||||||||
| Name (1) | the Offering (2)(3) | the Offering (4) | Offered Hereby (3)(5) | the Offering (5) | the Offering (5) | |||||||||
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. do TQA Investors, LLC
|
9,213 | * | 9,213 | — | — | |||||||||
Zurich Institutional Funds, Wandelanleihen
|
53,117 | * | 53,117 | — | — | |||||||||
| * | Less than 1% | |
| (1) | 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. Likewise, 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. | |
| (2) | 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. 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. | |
| (3) | The information included with respect to each selling shareholder included in this table, and the aggregate number of shares of common stock into which their notes are exchangeable, has been included in reliance on information provided to us by such selling shareholders. We have received questionnaires from selling shareholders representing an aggregate number of shares in excess of the number of shares that were registered. We cannot verify whether any questionnaires were received from selling shareholders who have subsequently sold their notes; therefore, the table may contain information with respect to persons that no longer hold notes. If and to the extent we receive new questionnaires, we will update the table in future prospectus supplements. | |
| (4) | Based on a total of 147,109,869 shares of our common stock outstanding as of September 30, 2008. | |
| (5) | We do not know when or in what amounts selling shareholders 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. |
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