0001209191-23-052308.txt : 20231006
0001209191-23-052308.hdr.sgml : 20231006
20231006161357
ACCESSION NUMBER: 0001209191-23-052308
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231004
FILED AS OF DATE: 20231006
DATE AS OF CHANGE: 20231006
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Crate Darrell W
CENTRAL INDEX KEY: 0001201028
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36834
FILM NUMBER: 231314375
MAIL ADDRESS:
STREET 1: 138 CONANT STREET
CITY: BEVERLY
STATE: MA
ZIP: 01915
FORMER NAME:
FORMER CONFORMED NAME: CRATE DARRELL W
DATE OF NAME CHANGE: 20021024
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Easterly Government Properties, Inc.
CENTRAL INDEX KEY: 0001622194
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 472047728
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2001 K STREET NW
STREET 2: SUITE 775 NORTH
CITY: WASHINGTON
STATE: DC
ZIP: 20006
BUSINESS PHONE: (202) 595-9500
MAIL ADDRESS:
STREET 1: 2001 K STREET NW
STREET 2: SUITE 775 NORTH
CITY: WASHINGTON
STATE: DC
ZIP: 20006
4
1
doc4.xml
FORM 4 SUBMISSION
X0508
4
2023-10-04
0
0001622194
Easterly Government Properties, Inc.
DEA
0001201028
Crate Darrell W
C/O EASTERLY GOVERNMENT PROPERTIES, INC.
2001 K STREET NW, SUITE 775 NORTH
WASHINGTON
DC
20006
1
1
0
0
Chairman
0
Common Stock
2023-10-04
4
C
0
83401
0.00
A
84174
D
LTIP Units
2023-10-04
4
C
0
18411
0.00
D
Common Stock
18411
0
D
LTIP Units
2023-10-04
4
C
0
10662
0.00
D
Common Stock
10662
0
D
LTIP Units
2023-10-04
4
C
0
31203
0.00
D
Common Stock
31203
1914
D
LTIP Units
2023-10-04
4
C
0
23125
0.00
D
Common Stock
23125
0
D
83,401 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").
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 from January 4, 2018 through December 31, 2020.
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.
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 from January 2, 2019 through December 31, 2020.
Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, subject to certain service based conditions and/or performance vesting hurdles, which vested and/or were earned based on the Issuer's performance from January 3, 2020 through December 31, 2022.
Represents LTIP Units granted pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, on December 19, 2019.
/s/ Franklin V. Logan, Attorney-in-fact for Darrell W. Crate
2023-10-06