JBG SMITH Properties — Director's Dealing 2019

Jan 4, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JBG SMITH Properties (JBGS)
CIK: 0001689796
Period of Report: 2019-01-02

Reporting Person: Glosserman Michael J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-02	Common Shares	C	98437	—	Acquired	98437	Indirect
2019-01-02	Common Shares	C	95660	—	Acquired	95660	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-01-02	OP Units	$	C	98437	Disposed		Common Shares (98437)	Indirect
2019-01-02	OP Units	$	C	95660	Disposed		Common Shares (95660)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
OP Units	$		Common Shares (471071)	471071	Direct
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.

F2: 216,760 of these OP Units 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.

F3: The Form 4 filed for Mr. Glosserman on August 7, 2018 inadvertently reported an additional 3,529 OP Units held by Mr. Glosserman that were owned by JBG Properties, Inc. The number of OP Units reported as directly owned by Mr. Glosserman has been reduced by 3,529 OP Units to correct this error.

F4: The Form 4 filed for Mr. Glosserman on August 7, 2018 inadvertently reported indirect beneficial ownership of 129,683 OP Units though Glosserman Family JBG Operating, L.L.C. and 647 OP Units through Glosser Family Revocable Trust, which are not beneficially owned by Mr. Glosserman.

F5: 7,058 of these OP Units 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.