4//SEC Filing
Bernard Alison M. 4
Accession 0000899243-20-007768
CIK 0001622194other
Filed
Mar 9, 8:00 PM ET
Accepted
Mar 10, 5:43 PM ET
Size
11.6 KB
Accession
0000899243-20-007768
Insider Transaction Report
Form 4
Bernard Alison M.
EVP & CFO
Transactions
- Conversion
LTIP Units
2020-03-06−15,000→ 22,445 total→ Common Stock (15,000 underlying) - Sale
Common Stock
2020-03-06$24.65/sh−15,501$382,100→ 2,573 total - Conversion
Common Stock
2020-03-06+15,000→ 18,074 total
Holdings
- 6,000(indirect: By Parents)
Common Stock
Footnotes (4)
- [F1]15,000 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, par value $0.01 per share ("Common Stock").
- [F2]Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $24.49 to $24.77 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.
- [F3]Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, 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.
- [F4]Includes 2,573 shares of Common Stock originally reported as acquired by the reporting person in a Form 4 filed on January 23, 2019, which were subsequently inadvertently omitted from the total amount of securities beneficially owned by the reporting person in a Form 4 filed on March 7, 2019.
Documents
Issuer
Easterly Government Properties, Inc.
CIK 0001622194
Entity typeother
Related Parties
1- filerCIK 0001632926
Filing Metadata
- Form type
- 4
- Filed
- Mar 9, 8:00 PM ET
- Accepted
- Mar 10, 5:43 PM ET
- Size
- 11.6 KB