JBG SMITH Properties — Director's Dealing 2020

Mar 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JBG SMITH Properties (JBGS)
CIK: 0001689796
Period of Report: 2020-03-16

Reporting Person: Kelly William Matthew (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-16	Common Shares	C	47673	—	Acquired	47673	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-16	OP Units	$	C	47673	Disposed		Common Shares (47673)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	1410	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
OP Units	$		Common Shares (733899)	733899	Direct
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.

F2: The reporting person previously acquired 1,410 Common Shares through the Issuer's Employee Share Purchase Plan, which are held directly by the reporting person.

F3: 470,476 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 263,423 OP Units are vested.

F4: 6,588 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 7,530 OP Units are vested.