4//SEC Filing
Kendall Ronald E. 4
Accession 0000899243-19-017219
CIK 0001622194other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 6:29 PM ET
Size
12.4 KB
Accession
0000899243-19-017219
Insider Transaction Report
Form 4
Kendall Ronald E.
SVP - Government Relations
Transactions
- Award
Common Stock
2019-06-13+10,840→ 11,568 total - Conversion
Common Stock
2019-06-13+4,500→ 16,068 total - Conversion
LTIP Units
2019-06-13−4,500→ 8,989 total→ Common Stock (4,500 underlying) - Sale
Common Stock
2019-06-13$18.63/sh−4,500$83,835→ 11,568 total
Footnotes (4)
- [F1]Represents shares of the Issuer's common stock, par value $0.01 per share ("Common Stock") granted under the Issuer's 2015 Equity Incentive Plan, as amended (the "Plan"), which will vest on February 28, 2022 in accordance with the terms of the award and subject to the reporting person's continued employment.
- [F2]4,500 LTIP units ("LTIP Units") in Easterly Government Properties LP (the "Partnership"), of which the Issuer is the sole general partner, were exchanged for an equal number of common units of limited partnership interest in the Operating Partnership ("Common Units"), which were subsequently redeemed for an equal number of shares of the Issuer's Common Stock.
- [F3]Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $18.63 to $18.64 per share, inclusive. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F4]Represents LTIP Units granted as long-term incentive compensation pursuant to the Plan, subject to certain performance vesting hurdles based on the Issuer's performance through December 31, 2017, and which were earned upon determination that the performance vesting hurdles had been achieved. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be exchanged, at the election of either the holder or the Partnership, into a Common Unit. Each Common Unit may be presented for redemption, at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may elect to acquire each Common Unit so presented for one share of Common Stock. LTIP Units are generally not convertible without the consent of the Issuer until two years from the grant date. These redemption rights have no expiration date.
Documents
Issuer
Easterly Government Properties, Inc.
CIK 0001622194
Entity typeother
Related Parties
1- filerCIK 0001632890
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 6:29 PM ET
- Size
- 12.4 KB