0001209191-21-060732.txt : 20211018
0001209191-21-060732.hdr.sgml : 20211018
20211018172339
ACCESSION NUMBER: 0001209191-21-060732
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211014
FILED AS OF DATE: 20211018
DATE AS OF CHANGE: 20211018
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Trimble William C.
CENTRAL INDEX KEY: 0001632927
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36834
FILM NUMBER: 211328960
MAIL ADDRESS:
STREET 1: 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: 2001 K STREET NW
STREET 2: SUITE 775 NORTH
CITY: WASHINGTON
STATE: DC
ZIP: 20006
BUSINESS PHONE: (202) 595-9500
MAIL ADDRESS:
STREET 1: 2001 K STREET NW
STREET 2: SUITE 775 NORTH
CITY: WASHINGTON
STATE: DC
ZIP: 20006
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-10-14
0
0001622194
Easterly Government Properties, Inc.
DEA
0001632927
Trimble William C.
C/O EASTERLY GOVERNMENT PROPERTIES, INC.
2001 K STREET NW, SUITE 775 NORTH
WASHINGTON
DC
20006
1
1
0
0
President & CEO
Common Stock
2021-10-14
4
C
0
5600
0.00
A
96879
D
Common Stock
2021-10-14
4
S
0
5600
21.50
D
91279
D
Common Stock
2021-10-15
4
C
0
3400
0.00
A
94679
D
Common Stock
2021-10-15
4
S
0
3400
21.67
D
91279
D
LTIP Units
2021-10-14
4
C
0
5600
0.00
D
Common Stock
5600
407036
D
LTIP Units
2021-10-15
4
C
0
3400
0.00
D
Common Stock
3400
403636
D
5,600 LTIP units ("LTIP Units") in Easterly Government Properties LP (the "Partnership"), of which the Issuer is the sole general partner, were exchanged for an equal number of common units of limited partnership interest in the Partnership ("Common Units"), which were subsequently redeemed for an equal number of shares of the Issuer's common stock, par value $0.01 per share ("Common Stock").
The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 12, 2021.
Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $21.50 to $21.52 per share, inclusive. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
3,400 LTIP Units in the Partnership, of which the Issuer is the sole general partner, were exchanged for an equal number of Common Units, which were subsequently redeemed for an equal number of shares of Common Stock.
Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $21.64 to $21.79 per share, inclusive. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, subject to certain performance vesting hurdles based on the Issuer's performance through December 31, 2017, and which were earned upon determination 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 exchanged, at the election of either the holder or the Partnership, into a Common Unit. Each Common 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 elect to 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 grant date. These redemption rights have no expiration date.
/s/ Franklin V. Logan, Attorney-in-fact for William C. Trimble, III
2021-10-18