0001123292-17-001310.txt : 20170720
0001123292-17-001310.hdr.sgml : 20170720
20170720161547
ACCESSION NUMBER: 0001123292-17-001310
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170718
FILED AS OF DATE: 20170720
DATE AS OF CHANGE: 20170720
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MUSELES STEVEN A
CENTRAL INDEX KEY: 0001256324
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37994
FILM NUMBER: 17974529
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: JBG SMITH Properties
CENTRAL INDEX KEY: 0001689796
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 814307010
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 210 ROUTE 4 EAST
STREET 2: 5TH FLOOR
CITY: PARAMUS
STATE: NJ
ZIP: 07652
BUSINESS PHONE: 2015871000
MAIL ADDRESS:
STREET 1: 210 ROUTE 4 EAST
STREET 2: 5TH FLOOR
CITY: PARAMUS
STATE: NJ
ZIP: 07652
FORMER COMPANY:
FORMER CONFORMED NAME: Vornado DC Spinco
DATE OF NAME CHANGE: 20161109
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2017-07-18
0001689796
JBG SMITH Properties
JBGS
0001256324
MUSELES STEVEN A
C/O JBG SMITH PROPERTIES
4445 WILLARD AVENUE, SUITE 400
CHEVY CHASE
MD
20815
0
1
0
0
Chief Legal Off. & Corp Secy
Formation Units
37.10
2017-07-18
4
A
0
20215
A
Common Shares
20215
20215
D
The reporting person received a grant of limited partnership interests in JBG Smith Properties LP, JBG Smith Properties' (the "Issuer's") operating partnership (the "OP") designated as Formation Units ("Formation Units") pursuant to the JBG SMITH Properties 2017 Omnibus Share Plan. Formation Units are a class of units in the OP similar to "net exercise" stock option awards, that are convertible by the holder, once vested, into a number of vested limited partnership units of the OP designated as LTIP Units ("LTIP Units"), determined by the increase in the value of a common share of the Issuer, par value $0.01 (a "Common Share") at the time of conversion over the value of a Common Share at the time the Formation Unit was granted. [footnote continued]
[Continued from footnote] Vested LTIP Units into which Formation Units have been converted are further convertible at the option of the holder, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into an equal number of OP Units. The resulting OP Units are redeemable by the holder for one Common Share per OP Unit or the cash value of a Common Share, at the Issuer's option, after the two year anniversary of the issuance of the Formation Units. The Formation Units will vest 25% on each of the third and fourth anniversaries, and 50% on the fifth anniversary, of the closing of the Combination, subject to continued employment through each vesting date.
/s/ Steven Museles
2017-07-20