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Filing Details

Accession Number:: 0000899243-20-017994
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-06-30 17:53:01
Reporting Period:: 2020-06-26

Accepted Time:: 2020-06-30 17:53:01
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-06-26	5,000	$0.00	16,029	No	4	C	Direct
Common Stock	Disposition	2020-06-26	5,000	$23.08	11,029	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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	LTIP Units	Disposition	2020-06-26	5,000	$0.00	5,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
65,840			No	4	C	Direct

Footnotes

5,000 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 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").
The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2020.
Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $22.88 to $23.35 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.
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, which were earned based on the Issuer's performance through December 31, 2017 (the "2015 Performance Units"). 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.
Excludes: (i) 635,406 Common Units held indirectly by the Reporting Person through Easterly Capital, LLC, (ii) 66,427 additional LTIP Units held by the Reporting Person that do not constitute 2015 Performance Units, 53,832 of which LTIP Units remain subject to service-based vesting conditions or other transfer restrictions, (iii) all unearned performance-based LTIP Units held by the Reporting Person that remain subject to performance-based vesting conditions and (iv) 210,000 of the 2015 Performance Units disposed of by the Reporting Person during 2019 in a transaction exempted from Section 16 by Rule 16a-12.