0000899243-18-002133.txt : 20180126 0000899243-18-002133.hdr.sgml : 20180126 20180126173638 ACCESSION NUMBER: 0000899243-18-002133 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180124 FILED AS OF DATE: 20180126 DATE AS OF CHANGE: 20180126 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ibe Michael P. CENTRAL INDEX KEY: 0001633633 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36834 FILM NUMBER: 18552991 MAIL ADDRESS: STREET 1: C/O EASTERLY GOVERNMENT PROPERTIES, INC. STREET 2: 2101 L. STREET NW, SUITE 750 CITY: WASHINGTON STATE: DC ZIP: 20037 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Easterly Government Properties, Inc. CENTRAL INDEX KEY: 0001622194 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 472047728 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2101 L STREET NW STREET 2: SUITE 650 CITY: WASHINGTON STATE: DC ZIP: 20037 BUSINESS PHONE: (202) 595-9500 MAIL ADDRESS: STREET 1: 2101 L STREET NW STREET 2: SUITE 650 CITY: WASHINGTON STATE: DC ZIP: 20037 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2018-01-24 0 0001622194 Easterly Government Properties, Inc. DEA 0001633633 Ibe Michael P. C/O EASTERLY GOVERNMENT PROPERTIES, INC. 2101 L STREET NW, SUITE 650 WASHINGTON DC 20037 1 1 0 0 EVP - Dev. and Acquisitions LTIP Units 2018-01-24 4 A 0 505840 0.00 A Common Stock 505840 505840 D Represents LTIP Units in Easterly Government Properties LP (the "Operating Partnership"), of which the Issuer is the general partner, that were granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, subject to certain performance vesting hurdles based on the Issuer's performance through December 31, 2017, and which were earned upon the determination by the Issuer's compensation committee 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 converted, at the election of the holder, into a common unit of limited partnership interest in the Operating Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP 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, at its election, 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 date of the grant. The rights to convert vested LTIP Units into Common Units and redeem Common Units do not have expiration dates. LTIP Units will vest 50% on February 15, 2018 and 50% on February 6, 2019, subject to continued employment. /s/ Alison M. Bernard, Attorney-in-fact for Michael P. Ibe 2018-01-26