0000899243-20-022129.txt : 20200812 0000899243-20-022129.hdr.sgml : 20200812 20200812165845 ACCESSION NUMBER: 0000899243-20-022129 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200810 FILED AS OF DATE: 20200812 DATE AS OF CHANGE: 20200812 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Crate Darrell W CENTRAL INDEX KEY: 0001201028 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36834 FILM NUMBER: 201096061 MAIL ADDRESS: STREET 1: 138 CONANT STREET CITY: BEVERLY STATE: MA ZIP: 01915 FORMER NAME: FORMER CONFORMED NAME: CRATE DARRELL W DATE OF NAME CHANGE: 20021024 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 2020-08-10 0 0001622194 Easterly Government Properties, Inc. DEA 0001201028 Crate Darrell W C/O EASTERLY GOVERNMENT PROPERTIES, INC. 2101 L STREET NW, SUITE 650 WASHINGTON DC 20037 1 1 0 0 Chairman Common Stock 2020-08-10 4 C 0 5000 0.00 A 16029 D Common Stock 2020-08-10 4 S 0 5000 25.59 D 11029 D LTIP Units 2020-08-10 4 C 0 5000 0.00 D Common Stock 5000 50840 D 5,000 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 June 12, 2020. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $25.44 to $25.76 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, which were earned based on the Issuer's performance through December 31, 2017 (the "2015 Performance Units"). 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. Excludes: (i) 635,406 Common Units held indirectly by the Reporting Person through Easterly Capital, LLC, (ii) 66,427 additional LTIP Units held by the Reporting Person that do not constitute 2015 Performance Units, 53,832 of which LTIP Units remain subject to service-based vesting conditions or other transfer restrictions, and (iii) all unearned performance-based LTIP Units held by the Reporting Person that remain subject to performance-based vesting conditions. /s/ Alison M. Bernard, Attorney-in-fact for Darrell W. Crate 2020-08-12