0001209191-20-054795.txt : 20201014
0001209191-20-054795.hdr.sgml : 20201014
20201014170651
ACCESSION NUMBER: 0001209191-20-054795
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201012
FILED AS OF DATE: 20201014
DATE AS OF CHANGE: 20201014
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: 201239563
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
2020-10-12
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
2020-10-12
4
C
0
5000
0.00
A
16029
D
Common Stock
2020-10-12
4
S
0
5000
22.77
D
11029
D
LTIP Units
2020-10-12
4
C
0
5000
0.00
D
Common Stock
5000
30840
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 $22.51 to $22.90 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
2020-10-14