Filing Details

Accession Number:
0000899243-19-014751
Form Type:
4
Zero Holdings:
No
Publication Time:
2019-05-24 16:58:58
Reporting Period:
2019-05-22
Accepted Time:
2019-05-24 16:58:58
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1622194 Easterly Government Properties Inc. DEA () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1201028 W Darrell Crate C/O Easterly Government Properties, Inc.
2101 L Street Nw, Suite 650
Washington DC 20037
Chairman Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2019-05-22 8,125 $0.00 64,154 No 4 C Direct
Common Stock Disposition 2019-05-22 8,125 $18.62 56,029 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock LTIP Units Disposition 2019-05-22 8,125 $0.00 8,125 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
297,090 No 4 C Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 625 Indirect Daughter's UTMA Account
Common Stock 2,000 Indirect Daughter's UTMA Account
Common Stock 625 Indirect Daughter's UTMA Account
Footnotes
  1. 8,125 LTIP units ("LTIP Units") in Easterly Government Properties LP (the "Partnership"), of which the Issuer is the sole general partner, were exchanged for an equal number of common units of limited partnership interest in the Operating Partnership ("Common Units"), which were subsequently redeemed for an equal number of shares of the Issuer's common stock, par value $0.01 per share ("Common Stock").
  2. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 13, 2019.
  3. Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $18.54 to $18.72 per share, inclusive. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
  4. The reporting person disclaims beneficial ownership with respect to the shares of Common Stock, except to the extent of his pecuniary interest therein.
  5. Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, subject to certain performance vesting hurdles based on the Issuer's performance through December 31, 2017, and which were earned upon determination 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 exchanged, at the election of either the holder or the Partnership, into a Common Unit. Each Common 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 elect to 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 grant date. These redemption rights have no expiration date.