0001123292-18-001105.txt : 20181210 0001123292-18-001105.hdr.sgml : 20181210 20181210174539 ACCESSION NUMBER: 0001123292-18-001105 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20181206 FILED AS OF DATE: 20181210 DATE AS OF CHANGE: 20181210 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: YALE UNIVERSITY CENTRAL INDEX KEY: 0000938582 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37994 FILM NUMBER: 181227206 BUSINESS ADDRESS: STREET 1: YALE UNIVERSITY INVESTMENTS OFFICE STREET 2: 55 WHITNEY AVENUE 5TH FLOOR CITY: NEW HAVEN STATE: CT ZIP: 06510-1300 BUSINESS PHONE: 2034325761 MAIL ADDRESS: STREET 1: YALE UNIVERSITY INVESTMENTS OFFICE STREET 2: 55 WHITNEY AVENUE 5TH FLOOR CITY: NEW HAVEN STATE: CT ZIP: 06510-1300 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: 4445 WILLARD AVENUE STREET 2: SUITE 400 CITY: CHEVY CHASE STATE: MD ZIP: 20815 BUSINESS PHONE: 240-333-3600 MAIL ADDRESS: STREET 1: 4445 WILLARD AVENUE STREET 2: SUITE 400 CITY: CHEVY CHASE STATE: MD ZIP: 20815 FORMER COMPANY: FORMER CONFORMED NAME: Vornado DC Spinco DATE OF NAME CHANGE: 20161109 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2018-12-06 0001689796 JBG SMITH Properties JBGS 0000938582 YALE UNIVERSITY C/O JBG SMITH PROPERTIES, 4445 WILLARD AVENUE, SUITE 400 CHEVY CHASE MD 20815 1 0 0 0 Common Shares 2018-12-06 4 S 0 73100 39.39 D 4261764 I By LLCs Common Shares 2018-12-06 4 S 0 76900 40.09 D 4184864 I By LLCs Common Shares 2018-12-07 4 S 0 74160 39.36 D 4110704 I By LLCs Commons Shares 2018-12-07 4 S 0 72753 39.80 D 4037951 I By LLCs The price reported in Column 4 reflects a weighted average price of $39.39. These shares were sold in multiple transactions at prices ranging from $38.885 to $39.805, inclusive. The reporting person undertakes to provide to JBG SMITH Properties (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 1. The price reported in Column 4 reflects a weighted average price of $40.0905. These shares were sold in multiple transactions at prices ranging from $39.81 to $40.27, inclusive. The reporting person undertakes to provide to JBG SMITH Properties (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 2. The price reported in Column 4 reflects a weighted average price of $39.3568. These shares were sold in multiple transactions at prices ranging from $39.245 to $39.47, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 3. The price reported in Column 4 reflects a weighted average price of $39.798. These shares were sold in multiple transactions at prices ranging from $39.48 to $40.325, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 4. The Issuer previously issued to ten limited liability companies (the "LLCs") controlled by the reporting person common shares, par value $0.01 ("Common Shares"), of the Issuer as consideration for the contribution of certain assets by The JBG Companies and investment funds associated with The JBG Companies to the Issuer or its subsidiaries in connection with a previously completed business combination transaction. The reporting person is, directly or indirectly, the sole or majority owner of the membership interests of each of the LLCs. The reporting person disclaims beneficial ownership of the Common Shares except to the extent of its pecuniary interest therein. The transactions reflected in Column 4 of Table I represent the sale of Common Shares by the LLCs on a pro rata basis. An employee of the reporting person serves on the Board of Trustees (the "Board") of the Issuer and may be viewed as serving on the Board as the deputy of the reporting person. As a result, the reporting person may itself be deemed a trustee of the Issuer for purposes of Section 16 of the Securities Exchange Act of 1934. This Form 4 shall not be deemed an admission that the reporting person is required to file beneficial ownership reports under Section 16(a) or that the employee is serving on the Board as the deputy of the reporting person or in any capacity other than his personal capacity. Yale University By: /s/ David F. Swensen, Chief Investment Officer 2018-12-07