JBG SMITH Properties — Director's Dealing 2020

Jul 23, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JBG SMITH Properties (JBGS)
CIK: 0001689796
Period of Report: 2020-07-17

Reporting Person: Stewart Robert Alexander (Director, Executive Vice Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-07-17	OP Units	$	G	75000	Disposed		Common Shares (75000)	Direct
2020-07-17	OP Units	$	G	75000	Acquired		Common Shares (75000)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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.

F2: 317,306 of these OP Units are scheduled to vest in equal monthly installments, subject to the reporting person's continued service through each vesting date. The vesting period for these OP Units began on February 1, 2020 and such period will end on July 1, 2022. The remaining 438,510 OP Units are vested.

F3: This transaction involved a gift of OP Units by Mr. Stewart to his spouse, who shares Mr. Stewart's household. The filing of this Form 4 shall not be deemed an admission that Mr. Stewart is the beneficial owner of these OP Units.

F4: 5,647 of these OP Units are scheduled to vest in equal monthly installments, subject to the reporting person's continued service through each vesting date. The vesting period for these OP Units began on February 1, 2020 and such period will end on July 1, 2022. The remaining 8,471 OP Units are vested.