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JBG SMITH Properties — Director's Dealing 2018
Oct 10, 2018
31985_dirs_2018-10-10_2c68e8e0-998d-49ed-b13e-2eacd0b7f1a2.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: JBG SMITH Properties (JBGS)
CIK: 0001689796
Period of Report: 2018-10-05
Reporting Person: Kelly William Matthew (Director, Chief Executive Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-10-05 | OP Units | $ | G | 320000 | Disposed | Common Shares (320000) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| OP Units | $ | Common Shares (45693) | 733899 | Direct | |
| OP Units | $ | Common Shares (47673) | 47673 | Indirect | |
| OP Units | $ | Common Shares (38432) | 38432 | Indirect | |
| OP Units | $ | Common Shares (14118) | 14118 | Indirect |
Footnotes
F1: Each Operating Partnership Unit ("OP Unit") in JBG SMITH Properties LP, the operating partnership of JBG SMITH Properties (the "Issuer"), is redeemable by the holder for one common share of the Issuer, par value $0.01 (a "Common Share"), or the cash value of a Common Share, at the Issuer's option, beginning August 1, 2018. 50% of the reporting person's OP Units vested July 18, 2017 and 50% are scheduled to vest in equal monthly installments, beginning on February 1, 2020 and ending on July 1, 2022, subject to the reporting person's continued service to the Issuer through each vesting date.
F2: The reporting person transferred these OP Units to a limited liability company in which certain trusts for the benefit of parties other than the reporting person own equity interests. The LLC and the trusts are managed by independent third parties, and the reporting person is no longer a beneficial owner of the OP Units transferred to the LLC.
F3: The Form 4 filed for Mr. Kelly on July 20, 2017 inadvertently reported as directly owned 14,118 OP Units which in fact were and are owned indirectly, through JBG Properties, Inc., as reported herein.
F4: Each of these OP Units is redeemable by the holder for one Common Share, or the cash value of a Common Share, at the Issuer's option, beginning August 1, 2018. The OP Units were fully vested on the date of grant.