Form 4 for JBGS JBG SMITH Properties
Accepted 2021-07-16 00:00:00 ET · period of report 2021-07-15 · accession 0001104659-21-093108 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-07-16 | 2021-07-15 | JBGS | Xanders George Laucks | CIO | C - Cnv Deriv | — | +15.0K | 15.3K | +4,286% | — |
| DM | 2021-07-16 | 2021-07-15 | JBGS | Xanders George Laucks | CIO | C - Cnv Deriv | — | -15.0K | 4,800 | -76% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2021-07-15 | C | A | 15,000 | — | 15,350 | D | — | — | (F1) Each Operating Partnership Unit ("OP Unit") in JBG SMITH Properties LP (the "OP"), the operating partnership of JBG SMITH Properties (the "Issuer"), is redeemable, once vested, 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. (F2) The reported transactions represent solely a conversion of LTIP Units into OP Units and an exchange of OP Units into common shares. No sale or monetization of securities has occurred. |
| 2 | Derivative | OP Units | 2021-07-15 | C | A | 15,000 | — | 19,800 | D | — · — to — | 15,000 Common Shares | (F3) 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. (F1) Each Operating Partnership Unit ("OP Unit") in JBG SMITH Properties LP (the "OP"), the operating partnership of JBG SMITH Properties (the "Issuer"), is redeemable, once vested, 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. |
| 3 | Derivative | LTIP Units | 2021-07-15 | C | D | 15,000 | — | 236,239 | D | — · — to — | 15,000 Common Shares | (F3) 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. |
| 4 | Derivative | OP Units | 2021-07-15 | C | D | 15,000 | — | 4,800 | D | — · — to — | 15,000 Common Shares | (F1) Each Operating Partnership Unit ("OP Unit") in JBG SMITH Properties LP (the "OP"), the operating partnership of JBG SMITH Properties (the "Issuer"), is redeemable, once vested, 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. |