4//SEC Filing
Stewart Robert Alexander 4
Accession 0001104659-25-025545
CIK 0001689796other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 4:05 PM ET
Size
17.1 KB
Accession
0001104659-25-025545
Insider Transaction Report
Form 4
Stewart Robert Alexander
Director
Transactions
- Conversion
LTIP Units
2025-03-17−20,548→ 186,736 total→ Common Shares (20,548 underlying) - Conversion
OP Units
2025-03-17−20,548→ 14,118 total→ Common Shares (20,548 underlying) - Conversion
OP Units
2025-03-17+20,548→ 34,666 total→ Common Shares (20,548 underlying) - Conversion
Common Shares
2025-03-17+20,548→ 20,548 total
Holdings
- 756,631(indirect: By LLC)
OP Units
→ Common Shares (756,631 underlying) - 75,000(indirect: By Spouse)
OP Units
→ Common Shares (75,000 underlying) - 30,000(indirect: By Trust)
Common Shares
Footnotes (7)
- [F1]The reported transactions represent solely a conversion of limited partnership units in JBG SMITH Properties LP (the "OP"), the operating partnership of JBG SMITH Properties (the "Issuer"), designated as LTIP Units ("LTIP Units") into Operating Partnership Units ("OP Units") in the OP, and an exchange of OP Units into common shares of the Issuer, par value $0.01 ("Common Shares"). No sale or monetization of securities has occurred.
- [F2]Each OP Unit is redeemable, once vested, by the holder for one Common Share, or the cash value of a Common Share, at the Issuer's option.
- [F3]Mr. Stewart is the sole trustee and beneficiary of the Robert Alexander Stewart Revocable Trust.
- [F4]Limited partnership units in the OP designated as 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.
- [F5]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.
- [F6]815 OP Units were inadvertently omitted from the reporting person's prior Section 16 filings; the reporting person has held such OP Units indirectly since the spin-off of the Issuer in 2017. In February 2024, the reporting person transferred 755,816 OP Units from The Robert Alexander Stewart Revocable Trust to Nomad Capital, LLC.
- [F7]These OP Units are held by Mr. Stewart's spouse, who shares Mr. Stewart's household. The filing of this Form 4 shall not be deemed an admission that Mr. Stewart is the beneficial owner of these OP Units.
Documents
Issuer
JBG SMITH Properties
CIK 0001689796
Entity typeother
Related Parties
1- filerCIK 0001708865
Filing Metadata
- Form type
- 4
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 4:05 PM ET
- Size
- 17.1 KB