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JBG SMITH Properties — Director's Dealing 2018
Aug 7, 2018
31985_dirs_2018-08-07_46251607-80b4-49cd-8964-15e2ef11319f.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: 2018-08-06
Reporting Person: Glosserman Michael J (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-08-06 | Common Shares | C | 16000 | — | Acquired | 16000 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-08-06 | OP Units | $ | C | 16000 | Disposed | Common Shares (16000) | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| OP Units | $ | Common Shares (437050) | 437050 | Direct | |
| OP Units | $ | Common Shares (37550) | 474600 | Direct | |
| OP Units | $ | Common Shares (647) | 647 | Indirect | |
| OP Units | $ | Common Shares (98437) | 98437 | Indirect | |
| OP Units | $ | Common Shares (95660) | 95660 | Indirect | |
| OP Units | $ | Common Shares (14117) | 14117 | 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 these 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 on the Issuer's Board of Trustees through each vesting date.
F2: 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.
F3: The Form 4 filed for Mr. Glosserman on July 20, 2018 inadvertently reported indirect ownership of 3,529 OP Units through Glosserman Family JBG Operating, L.L.C., when in fact these OP Units were and are owned indirectly through JBG Properties, Inc. The number of OP Units reported as indirectly owned through Glosserman Family JBG Operating, L.L.C and JBG Properties, Inc. has been adjusted to correct this error.
F4: The Form 4 filed for Mr. Glosserman on July 20, 2018 inadvertently reported as directly owned 10,588 OP Units which in fact were and are owned indirectly, through JBG Properties, Inc., as reported herein.