5//SEC Filing
Reynolds Kevin 5
Accession 0001104659-22-020606
CIK 0001689796other
Filed
Feb 10, 7:00 PM ET
Accepted
Feb 11, 4:50 PM ET
Size
14.6 KB
Accession
0001104659-22-020606
Insider Transaction Report
Form 5
Reynolds Kevin
Co-Chief Development Officer
Transactions
- Gift
OP Units
2021-10-06−360,253→ 0 total(indirect: By Trust)→ Common Shares (360,253 underlying) - Gift
OP Units
2021-10-06+360,253→ 360,253 total(indirect: By Trust)→ Common Shares (360,253 underlying) - Gift
LTIP Units
2021-11-01−20,000→ 346,779 total→ Common Shares (20,000 underlying) - Gift
LTIP Units
2021-11-01+20,000→ 20,000 total(indirect: By Trust)→ Common Shares (20,000 underlying)
Footnotes (8)
- [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 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]This transaction involved a gift of OP Units by Mr. Reynolds to his spouse, who shares Mr. Reynolds's household.
- [F3]On January 16, 2020, the reporting person transferred 360,253 OP Units to the Kevin Reynolds Revocable Trust, of which the reporting person is the sole trustee and beneficiary.
- [F4]As of December 31, 2021, 39,886 of these OP Units are unvested and will vest subject to the reporting person's continued service through each vesting date. These OP Units will vest in equal monthly installments through July 1, 2022. The remaining 320,367 OP Units are vested.
- [F5]Mr. Reynold's spouse is the primary beneficiary of the Kevin Reynolds 2021 Inter Vivos Irrevocable Trust. The trustee of the Kevin Reynolds 2021 Inter Vivos Irrevocable Trust is a third party.
- [F6]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.
- [F7]This transaction involved a gift of LTIP Units by Mr. Reynolds to his spouse, who shares Mr. Reynolds's household.
- [F8]As previously disclosed, the total number of LTIPs has been revised to reflect that certain LTIPs, originally granted in November 2018, were forfeited during 2021 based on performance conditions set forth in the award agreement.
Documents
Issuer
JBG SMITH Properties
CIK 0001689796
Entity typeother
Related Parties
1- filerCIK 0001708638
Filing Metadata
- Form type
- 5
- Filed
- Feb 10, 7:00 PM ET
- Accepted
- Feb 11, 4:50 PM ET
- Size
- 14.6 KB