Glosserman Michael J 4
4 · JBG SMITH Properties · Filed Jun 30, 2023
Insider Transaction Report
Form 4
Glosserman Michael J
Director
Transactions
- Gift
OP Units
2023-06-30+14,118→ 418,189 total(indirect: By Trust)→ Common Shares (14,118 underlying) - Gift
OP Units
2023-06-30−14,118→ 0 total→ Common Shares (14,118 underlying)
Holdings
- 67,000(indirect: GRAT)
OP Units
→ Common Shares (67,000 underlying)
Footnotes (4)
- [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.
- [F2]This transaction involved a gift of OP Units by Mr. Glosserman to the Michael J. Glosserman Revocable Trust.
- [F3]The reporting person received these 14,118 OP Units on June 30, 2023 as a pro rata distribution from JBG Properties, Inc. of which the reporting person is a stockholder. Prior to the distribution, the reporting person disclaimed beneficial ownership of the OP Units held by JBG Properties, Inc.
- [F4]Mr. Glosserman is the sole trustee and beneficiary of the Michael J. Glosserman Revocable Trust.