0000899243-20-001506.txt : 20200121
0000899243-20-001506.hdr.sgml : 20200121
20200121170325
ACCESSION NUMBER: 0000899243-20-001506
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200116
FILED AS OF DATE: 20200121
DATE AS OF CHANGE: 20200121
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: 20536915
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
2020-01-16
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
LTIP Units
2020-01-16
4
A
0
16613
0.00
A
Common Stock
16613
25191
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 through December 31, 2019, and 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.
50% of the LTIP Units vested when earned and 50% will vest on January 4, 2021, subject to continued employment.
/s/ Alison M. Bernard, Attorney-in-fact for Michael P. Ibe
2020-01-21