JBG SMITH Properties — Director's Dealing 2021

Jul 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JBG SMITH Properties (JBGS)
CIK: 0001689796
Period of Report: 2021-07-15

Reporting Person: Xanders George Laucks (Chief Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-15	Common Shares	C	15000	—	Acquired	15350	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-15	LTIP Units	$	C	15000	Disposed		Common Shares (15000)	Direct
2021-07-15	OP Units	$	C	15000	Acquired		Common Shares (15000)	Direct
2021-07-15	OP Units	$	C	15000	Disposed		Common Shares (15000)	Direct

Footnotes

F1: Each Operating Partnership Unit ("OP Unit") in JBG SMITH Properties LP (the "OP"), the operating partnership of JBG SMITH Properties (the "Issuer"), is redeemable, once vested, 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 reported transactions represent solely a conversion of LTIP Units into OP Units and an exchange of OP Units into common shares. No sale or monetization of securities has occurred.

F3: These limited partnership units in the OP designated as LTIP Units ("LTIP Units") are a class of units in the OP that, if vested, are convertible at the option of the holder, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into an equal number of OP Units.