Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
KENNEDY STEVEN R
   2. Issuer Name and Ticker or Trading Symbol
DUKE REALTY CORP [DRE] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP, Construction
(Last)
(First)
(Middle)
600 E. 96TH ST, #100		 3. Date of Earliest Transaction (Month/Day/Year)
01/30/2013
(Street)

INDIANAPOLIS, IN 46240		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 01/30/2013   A   13,280 A $ 0 (1) 92,252 D  
Common Stock 01/30/2013   F   4,427 (2) D $ 15.13 87,825 D  
Common Stock 01/30/2013   M   8,853 D $ 15.13 78,972 D  
Common Stock 01/30/2013   M   8,853 A $ 15.13 27,970 I By Trust (3)
Common Stock               3,350 I By Parent (4)
Common Stock               75 (5) I By 401(k) Plan

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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)		 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 $ 24.6905               (6) 02/19/2013 Common Stock 5,583   5,583 D  
Employee Stock Options-Right to Buy $ 31.5771               (7) 01/28/2014 Common Stock 7,276   7,276 D  
Employee Stock Options-Right to Buy $ 31.4022               (8) 02/10/2015 Common Stock 24,883   24,883 D  
Employee Stock Options-Right to Buy $ 34.13               (9) 02/10/2016 Common Stock 25,109   25,109 D  
Employee Stock Options-Right to Buy $ 47.88               (10) 02/10/2017 Common Stock 25,092   25,092 D  
Employee Stock Options-Right to Buy $ 23.34               (11) 02/10/2018 Common Stock 74,384   74,384 D  
Phantom Stock Units (12)               (12)   (12) Common Stock 19,686   19,686 (12) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KENNEDY STEVEN R
600 E. 96TH ST, #100
INDIANAPOLIS, IN 46240		       EVP, Construction  

Signatures

 Tracy D. Swearingen for Steven R. Kennedy per POA prev. filed.   02/01/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(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) 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.
(3) Securities held by the Steven R. Kennedy Revocable Trust Agreement 12/12/05 in which the Reporting Person is the grantor.
(4) By Steven Kennedy for investment control of the Doris H. Kennedy Living Trust and other securities held by the Reporting Person's parent. The Reporting Person disclaims any beneficial interest in these shares.
(5) Between December 21, 2012 and February 1, 2013, the Reporting Person acquired 75 shares of DRE's common stock under the Company's 401(k) plan.
(6) The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/19/2008.
(7) The Stock Options vested annually at a rate of 20% per year and were fully vested on 1/28/2009.
(8) The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/10/2010.
(9) The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/10/2011.
(10) The Stock Options vested annually at a rate of 20% per year and were fully vested on 2/10/2012.
(11) The Stock Options vest annually at a rate of 20% per year and will be fully vested on 2/10/2013.
(12) 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 termination of employment.

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