0001104659-22-020606.txt : 20220211
0001104659-22-020606.hdr.sgml : 20220211
20220211165015
ACCESSION NUMBER: 0001104659-22-020606
CONFORMED SUBMISSION TYPE: 5
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211231
FILED AS OF DATE: 20220211
DATE AS OF CHANGE: 20220211
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Reynolds Kevin
CENTRAL INDEX KEY: 0001708638
FILING VALUES:
FORM TYPE: 5
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37994
FILM NUMBER: 22622117
MAIL ADDRESS:
STREET 1: C/O JBG/OPERATING PARTNERS, L.P.
STREET 2: 4445 WILLARD AVENUE, SUITE 400
CITY: CHEVY CHASE
STATE: MD
ZIP: 20815
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: 4747 BETHESDA AVENUE
STREET 2: SUITE 200
CITY: BETHESDA
STATE: MD
ZIP: 20814
BUSINESS PHONE: 240-333-3600
MAIL ADDRESS:
STREET 1: 4747 BETHESDA AVENUE
STREET 2: SUITE 200
CITY: BETHESDA
STATE: MD
ZIP: 20814
FORMER COMPANY:
FORMER CONFORMED NAME: Vornado DC Spinco
DATE OF NAME CHANGE: 20161109
5
1
tm226334-3_5seq1.xml
OWNERSHIP DOCUMENT
X0306
5
2021-12-31
0
0
0
0001689796
JBG SMITH Properties
JBGS
0001708638
Reynolds Kevin
C/O JBG SMITH PROPERTIES
4747 BETHESDA AVENUE, SUITE 200
BETHESDA
MD
20814
0
1
0
0
Chief Development Officer
OP Units
2021-10-06
5
G
0
360253
0
D
Common Shares
360253
0
I
By Kevin Reynolds Revocable Trust
OP Units
2021-10-06
5
G
0
360253
0
A
Common Shares
360253
360253
I
By Kevin Reynolds 2021 Inter Vivos Irrevocable Trust
LTIP Units
2021-11-01
5
G
0
20000
0
D
Common Shares
20000
346779
D
LTIP Units
2021-11-01
5
G
0
20000
0
A
Common Shares
20000
20000
I
By Kevin Reynolds 2021 Inter Vivos Irrevocable Trust
Each Operating Partnership Unit ("OP Unit") in JBG SMITH Properties LP (the "OP"), the operating partnership of JBG SMITH Properties (the "Issuer"), is redeemable by the holder for one common share of the Issuer, par value $0.01 (a "Common Share"), or the cash value of a Common Share, at the Issuer's option.
This transaction involved a gift of OP Units by Mr. Reynolds to his spouse, who shares Mr. Reynolds's household.
On January 16, 2020, the reporting person transferred 360,253 OP Units to the Kevin Reynolds Revocable Trust, of which the reporting person is the sole trustee and beneficiary.
As of December 31, 2021, 39,886 of these OP Units are unvested and will vest subject to the reporting person's continued service through each vesting date. These OP Units will vest in equal monthly installments through July 1, 2022. The remaining 320,367 OP Units are vested.
Mr. Reynold's spouse is the primary beneficiary of the Kevin Reynolds 2021 Inter Vivos Irrevocable Trust. The trustee of the Kevin Reynolds 2021 Inter Vivos Irrevocable Trust is a third party.
These limited partnership units in the OP designated as LTIP Units ("LTIP Units") are a class of units in the OP that, if vested, are 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.
This transaction involved a gift of LTIP Units by Mr. Reynolds to his spouse, who shares Mr. Reynolds's household.
As previously disclosed, the total number of LTIPs has been revised to reflect that certain LTIPs, originally granted in November 2018, were forfeited during 2021 based on performance conditions set forth in the award agreement.
/s/ Steven A. Museles, attorney-in-fact
2022-02-11