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JBG SMITH Properties — Director's Dealing 2023
Jun 15, 2023
31985_dirs_2023-06-15_2a0add68-80af-4de6-a712-d731e197cbcd.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: 2023-06-15
Reporting Person: Valdes Angela (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-06-15 | Common Shares | C | 10493 | — | Acquired | 12098 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-06-15 | LTIP Units | $ | C | 10493 | Disposed | Common Shares (10493) | Direct | |
| 2023-06-15 | OP Units | $ | C | 10493 | Acquired | Common Shares (10493) | Direct | |
| 2023-06-15 | OP Units | $ | C | 10493 | Disposed | Common Shares (10493) | Direct |
Footnotes
F1: The reported transactions represent solely a conversion of limited partnership units in JBG SMITH Properties LP (the "OP"), the operating partnership of JBG SMITH Properties (the "Issuer"), designated as LTIP Units ("LTIP Units") into Operating Partnership Units ("OP Units") in the OP, and an exchange of OP Units into common shares of the Issuer, par value $0.01 ("Common Shares"). No sale or monetization of securities has occurred.
F2: Each OP Unit is redeemable, once vested, by the holder for one Common Share, or the cash value of a Common Share, at the Issuer's option.
F3: Reflects the acquisition of 445 Common Shares on December 15, 2021, 528 Common Shares on June 30, 2022, and 632 Common Shares on December 15, 2022 through the Issuer's Employee Share Purchase Plan, which are held directly by the reporting person.
F4: Limited partnership units in the OP designated as 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.
F5: The total number of LTIPs has been revised to reflect that certain LTIPs, originally granted in January 2020, were forfeited based on performance conditions set forth in the award agreement.