SEC Contract Filing

Filing Date: 2018-08-28

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d607287dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>PROLOGIS, INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND
AMENDED AND RESTATED 2018 OUTPERFORMANCE PLAN </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Compensation Committee (the &#147;<U>Committee</U>&#148;) of the Board of
Directors (the&nbsp;&#147;<U>Board</U>&#148;) of Prologis, Inc. (the &#147;<U>Company</U>&#148;) previously adopted the Amended and Restated 2018 Outperformance Plan (the &#147;<U>Prior Plan</U>&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, in order to change the age and service conditions to be eligible for retirement benefits hereunder, the Committee has determined that
it is in the best interests of the Company to amend and restate the Prior Plan. </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>ARTICLE 1 - GENERAL </U></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.1 <U>Purpose and Authority</U>. This 2018 Outperformance Plan (as amended, restated and supplemented from time to time, this &#147;<U>2018
Outperformance Plan</U>&#148;) was adopted by the Committee of the Board of the Company effective as of January<U></U>&nbsp;11, 2018, pursuant to authority delegated to it by the Board as set forth in the Committee&#146;s charter. Equity awards
granted under this 2018 Outperformance Plan shall be issued pursuant to the Company&#146;s existing equity incentive plans, or any equity incentive plan approved by the Company&#146;s stockholders in the future, and only to the extent there are
shares of the Company&#146;s common stock, par value $0.01 per share (the &#147;<U>Common Stock</U>&#148;), available under such equity incentive plans. The purpose of this 2018 Outperformance Plan is to create a supplemental long-term incentive
opportunity to support the Company&#146;s multi-year business plans and to drive outstanding performance. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.2 <U>Administration</U>. This
2018 Outperformance Plan and all Awards issued hereunder shall be administered by the Committee; <U>provided</U> that all powers of the Committee hereunder can be exercised by the full Board if the Board so elects. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1.3 <U>Definitions</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Absolute Shareholder Return</U>&#148; means, with respect to any measurement period, the cumulative return that would have been
realized by a stockholder who (1)&nbsp;bought one share of Common Stock for the Common Stock Price on the last trading day immediately preceding the first date of such measurement period, (2)&nbsp;reinvested each dividend and other distribution
declared and having an <FONT STYLE="white-space:nowrap">ex-dividend</FONT> date during such measurement period with respect to such share of Common Stock (and any other shares previously received upon reinvestment of dividends or other
distributions) in additional shares of Common Stock at the Fair Market Value on the <FONT STYLE="white-space:nowrap">ex-dividend</FONT> date for such dividend or other distribution, and (3)&nbsp;sold such shares of Common Stock on the last day of
such measurement period for the Common Stock Price on such date. Appropriate adjustments to the Absolute Shareholder Return shall be made to take into account all stock dividends, stock splits, reverse stock splits and other events that in the good
faith judgment of the Committee necessitates action by way of equitable or proportionate adjustment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&#147;<U>Additional Share Baseline
Value</U>&#148; means, with respect to each Additional Share, the gross proceeds received by the Company upon the issuance of such Additional Share, which amount shall be deemed to equal, as applicable: </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(a) if such Additional Share is issued for cash in a public offering or private placement,
the gross price to the public or to the purchaser(s); </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(b) if such Additional Share is issued in exchange for assets or securities of
another Person or upon the acquisition of another Person, the cash value imputed to such Additional Share for purposes of such transaction by the parties thereto, as determined by the Committee, or, if no such value was imputed, the Common Stock
Price as of the date of issuance of such Additional Share; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">(c) if such Additional Share is issued upon conversion or exchange of equity or
debt securities of the Company or any Related Company, which securities were not previously counted as either I