0001209191-23-004010.txt : 20230119
0001209191-23-004010.hdr.sgml : 20230119
20230119161529
ACCESSION NUMBER: 0001209191-23-004010
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230117
FILED AS OF DATE: 20230119
DATE AS OF CHANGE: 20230119
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: 23537597
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
2023-01-17
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
LTIP Units
2023-01-17
4
A
0
15006
0.00
A
Common Stock
15006
15006
D
Represents LTIP Units in Easterly Government Properties LP (the "Operating Partnership"), of which the Issuer is the general partner, that were granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, subject to certain performance vesting hurdles based on the Issuer's performance from January 3, 2020 through December 31, 2022 (the "LTIP Unit Award"), and a portion of which were earned upon the determination by the Issuer's compensation committee 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 converted, at the election of the holder, into a common unit of limited partnership interest in the Operating Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP 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, at its election, 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 date of the grant. The rights to convert vested LTIP Units into Common Units and redeem Common Units do not have expiration dates.
The total number of derivative securities represents the aggregate of all LTIP Units earned by the reporting person pursuant to the LTIP Unit Award. LTIP Units vested when earned.
/s/ Franklin V. Logan, Attorney-in-fact for Darrell W. Crate
2023-01-19