0001209191-22-019024.txt : 20220315 0001209191-22-019024.hdr.sgml : 20220315 20220315210208 ACCESSION NUMBER: 0001209191-22-019024 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220311 FILED AS OF DATE: 20220315 DATE AS OF CHANGE: 20220315 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: 22743064 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: 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 2022-03-11 0 0001622194 Easterly Government Properties, Inc. DEA 0001201028 Crate Darrell W C/O EASTERLY GOVERNMENT PROPERTIES, INC. 2001 K STREET NW, SUITE 775 NORTH WASHINGTON DC 20006 1 1 0 0 Chairman Common Stock 2022-03-11 4 C 0 19594 0.00 A 27022 D Common Stock 2022-03-11 4 S 0 19594 21.00 D 7428 D Common Stock 2022-03-11 4 C 0 135406 0.00 A 135406 I By Easterly Capital LLC Common Stock 2022-03-11 4 S 0 135406 21.11 D 0 I By Easterly Capital LLC Common Stock 2022-03-14 4 C 0 10000 0.00 A 17428 D Common Stock 2022-03-14 4 S 0 10000 20.81 D 7428 D Common Stock 2022-03-15 4 C 0 3751 0.00 A 11179 D Common Stock 2022-03-15 4 S 0 10406 20.94 D 773 D LTIP Units 2022-03-11 4 C 0 13754 0.00 D Common Stock 13754 0 D LTIP Units 2022-03-11 4 C 0 5840 0.00 D Common Stock 5840 38166 D Common Units 2022-03-11 4 C 0 135406 0.00 D Common Stock 135406 500000 I By Easterly Capital LLC LTIP Units 2022-03-14 4 C 0 10000 0.00 D Common Stock 10000 28166 D LTIP Units 2022-03-15 4 C 0 3751 0.00 D Common Stock 3751 24415 D 19,594 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"). These shares were all sold at a price of $21.00 per share. 135,406 Common Units were 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 $21.00 to $21.17 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. 10,000 LTIP Units 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 $20.75 to $20.88 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. 3,751 LTIP Units 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 $20.85 to $21.01 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 from January 4, 2018 through December 31, 2019. 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. 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 from January 2, 2019 through December 31, 2021. 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. These redemption rights have no expiration date. /s/ Franklin V. Logan, Attorney-in-fact for Darrell W. Crate 2022-03-15