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