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Easterly Government Properties, Inc. — Director's Dealing 2020
Jan 8, 2020
32114_dirs_2020-01-07_8a963acb-ef06-41cf-a1d4-cd689f468f99.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Easterly Government Properties, Inc. (DEA)
CIK: 0001622194
Period of Report: 2020-01-03
Reporting Person: Crate Darrell W (Director, Chairman)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-01-03 | LTIP Units | $ | A | 18111 | Acquired | Common Stock (18111) | Direct | |
| 2020-01-03 | LTIP Units | $ | A | 6303 | Acquired | Common Stock (6303) | Direct |
Footnotes
F1: Represents LTIP Units in Easterly Government Properties LP (the "Operating Partnership"), of which the Issuer is the general partner, granted pursuant to the Issuer's 2015 Equity Incentive Plan, as amended (the "Plan"). The LTIP Units, and the common units of limited partnership interest in the Operating Partnership (each, a "Common Unit") into which such LTIP Units may be converted, will vest on December 31, 2022 in accordance with the terms of the award and subject to the reporting person's continued employment.
F2: Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a Common Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert vested LTIP Units into Common Units and redeem Common Units do not have expiration dates.
F3: Represents a target number of LTIP Units in the Operating Partnership granted as long-term incentive compensation pursuant to the Plan that may be earned based on the Issuer's performance through December 31, 2022. Subject to the reporting person's continued employment, 50% of the earned LTIP Units will vest when earned and 50% of the earned LTIP Units will vest on January 2, 2024.