0000899243-19-001764.txt : 20190123 0000899243-19-001764.hdr.sgml : 20190123 20190123190221 ACCESSION NUMBER: 0000899243-19-001764 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190118 FILED AS OF DATE: 20190123 DATE AS OF CHANGE: 20190123 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ibe Michael P. CENTRAL INDEX KEY: 0001633633 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36834 FILM NUMBER: 19538393 MAIL ADDRESS: STREET 1: C/O EASTERLY GOVERNMENT PROPERTIES, INC. STREET 2: 2101 L. STREET NW, SUITE 750 CITY: WASHINGTON STATE: DC ZIP: 20037 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 2019-01-18 0 0001622194 Easterly Government Properties, Inc. DEA 0001633633 Ibe Michael P. C/O EASTERLY GOVERNMENT PROPERTIES, INC. 2101 L STREET NW, SUITE 650 WASHINGTON DC 20037 1 1 0 0 EVP - Dev. and Acquisitions Common Stock 2019-01-18 4 A 0 11029 0.00 A 21029 D LTIP Units 2019-01-18 4 A 0 4175 0.00 D Common Stock 4175 4175 D LTIP Units 2019-01-18 4 A 0 8878 0.00 D Common Stock 8878 8878 D Represents shares of the Issuer's common stock ("Common Stock") granted under the Issuer's 2015 Equity Incentive Plan, as amended (the "Plan"), which will vest on January 18, 2021 and January 18, 2022 in accordance with the terms of the award and subject to the reporting person's continued employment. Represents a target number of LTIP Units in Easterly Government Properties LP (the "Operating Partnership"), of which the Issuer is the general partner, granted as long-term incentive compensation pursuant to the Plan that may be earned based on the Issuer's performance through December 31, 2020. Subject to continued employment, 50% of the earned LTIP Units will vest when earned and 50% of the earned LTIP Units will vest on January 2, 2022. 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 ("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. Represents a target number of LTIP Units in the Operating Partnership granted as long-term incentive compensation pursuant to the Plan that may be earned based on the Issuer's performance through December 31, 2021. Subject to continued employment, 50% of the earned LTIP Units will vest when earned and 50% of the earned LTIP Units will vest on January 2, 2023. /s/ Alison M. Bernard, Attorney-in-fact for Michael P. Ibe 2019-01-23