Iker James Lee 4
4 · JBG SMITH Properties · Filed Aug 2, 2018
Insider Transaction Report
Form 4
Iker James Lee
Chief Investment Officer
Transactions
- Conversion
Common Shares
2018-08-01+47,673→ 47,673 total(indirect: By JI Fund Holdings High, L.L.C.) - Conversion
OP Units
2018-08-01−47,673→ 0 total(indirect: By JI Fund Holdings High, L.L.C.)→ Common Shares (47,673 underlying)
Holdings
- 40,017(indirect: JI Fund Holdings Medium, L.L.C.)
OP Units
→ Common Shares (40,017 underlying) - 872,012
OP Units
→ Common Shares (872,012 underlying) - 14,118(indirect: JBG Properties, Inc.)
OP Units
→ Common Shares (14,118 underlying) - 917,705
OP Units
→ Common Shares (45,693 underlying)
Footnotes (3)
- [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, beginning August 1, 2018. The OP Units were fully vested on the date of grant.
- [F2]Each of these OP Units is redeemable by the holder for one Common Share, or the cash value of a Common Share, at the Issuer's option, beginning August 1, 2018. 50% of these OP Units vested July 18, 2017 and 50% are scheduled to vest in equal monthly installments, beginning on February 1, 2020 and ending on July 1, 2022, subject to the reporting person's continued employment through each vesting date.
- [F3]The Form 4 filed for Mr. Iker on July 20, 2017 inadvertently reported as directly owned 14,118 OP Units which in fact were and are owned indirectly, through JBG Properties, Inc., as reported herein.