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