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Filed Pursuant to Rule 424(b)(3) and (c)
Registration Statement No. 333-51249
October 5, 1998
1,823,995 SHARES
SPIEKER PROPERTIES, INC.
COMMON STOCK
This Prospectus Supplement is intended to be read in conjunction with
the Preliminary Prospectus dated April 28, 1998 with respect to 1,823,995 shares
of common stock of Spieker Properties, Inc.
On September 30, 1998, we paid a dividend of one Right for each
outstanding share of our common stock held of record at the close of business on
September 30, 1998. Thereafter, we will issue one Right for each share of common
stock issued prior to the Separation Time (as defined in the Rights Agreement
referred to below) and, after the Separation Time, pursuant to options and
convertible securities and partnership units of Spieker Properties, L.P.
outstanding at the Separation Time. The Rights are issued pursuant to a
Stockholder Protection Rights Agreement, dated as of September 10, 1998, between
Spieker Properties, Inc. and The Bank of New York, as Rights Agent. Such
agreement is attached as Exhibit 1 to the our Registration Statement on Form 8-A
dated September 22, 1998 and we hereby incorporate it by reference.
We also hereby incorporate by reference the description of the Rights
contained in our Current Report on Form 8-K dated September 22, 1998.
