0000899243-20-000745.txt : 20200107
0000899243-20-000745.hdr.sgml : 20200107
20200107183620
ACCESSION NUMBER: 0000899243-20-000745
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200103
FILED AS OF DATE: 20200107
DATE AS OF CHANGE: 20200107
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bernard Alison M.
CENTRAL INDEX KEY: 0001632926
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36834
FILM NUMBER: 20514203
MAIL ADDRESS:
STREET 1: 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
2020-01-03
0
0001622194
Easterly Government Properties, Inc.
DEA
0001632926
Bernard Alison M.
C/O EASTERLY GOVERNMENT PROPERTIES, INC.
2101 L STREET NW, SUITE 650
WASHINGTON
DC
20037
0
1
0
0
EVP & CAO
LTIP Units
2020-01-03
4
A
0
4226
0.00
A
Common Stock
4226
4226
D
LTIP Units
2020-01-03
4
A
0
1470
0.00
A
Common Stock
1470
1470
D
Represents LTIP Units in Easterly Government Properties LP (the "Operating Partnership"), of which the Issuer is the general partner, granted pursuant to the Issuer's 2015 Equity Incentive Plan, as amended (the "Plan"). The LTIP Units, and the common units of limited partnership interest in the Operating Partnership (each, a "Common Unit") into which such LTIP Units may be converted, will vest on December 31, 2022 in accordance with the terms of the award and subject to the reporting person's continued employment.
Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into 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. 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, 2022. Subject to the reporting person's continued employment, 50% of the earned LTIP Units will vest when earned and 50% of the earned LTIP Units will vest on January 2, 2024.
/s/ Alison M. Bernard
2020-01-07