0001104659-22-092221.txt : 20220817
0001104659-22-092221.hdr.sgml : 20220817
20220817165246
ACCESSION NUMBER: 0001104659-22-092221
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220815
FILED AS OF DATE: 20220817
DATE AS OF CHANGE: 20220817
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MUSELES STEVEN A
CENTRAL INDEX KEY: 0001256324
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37994
FILM NUMBER: 221174849
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: 4747 BETHESDA AVENUE
STREET 2: SUITE 200
CITY: BETHESDA
STATE: MD
ZIP: 20814
BUSINESS PHONE: 240-333-3600
MAIL ADDRESS:
STREET 1: 4747 BETHESDA AVENUE
STREET 2: SUITE 200
CITY: BETHESDA
STATE: MD
ZIP: 20814
FORMER COMPANY:
FORMER CONFORMED NAME: Vornado DC Spinco
DATE OF NAME CHANGE: 20161109
4
1
tm2223660-1_4seq1.xml
OWNERSHIP DOCUMENT
X0306
4
2022-08-15
0
0001689796
JBG SMITH Properties
JBGS
0001256324
MUSELES STEVEN A
C/O JBG SMITH PROPERTIES
4747 BETHESDA AVENUE, SUITE 200
BETHESDA
MD
20814
0
1
0
0
Chief Legal Off. & Corp. Secy
Common Shares
2022-08-15
4
C
0
13487
A
19220
D
Common Shares
2022-08-16
4
S
0
13487
23.96
D
5733
D
LTIP Units
2022-08-15
4
C
0
13487
D
Common Shares
13487
218040
D
OP Units
2022-08-15
4
C
0
13487
A
Common Shares
13487
13487
D
OP Units
2022-08-15
4
C
0
13487
D
Common Shares
13487
0
D
The reported transactions represent solely a conversion of limited partnership units in JBG SMITH Properties LP (the "OP"), the operating partnership of JBG SMITH Properties (the "Issuer"), designated as LTIP Units ("LTIP Units") into Operating Partnership Units ("OP Units") in the OP, and an exchange of OP Units into common shares. No sale or monetization of securities has occurred.
Each OP Unit 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.
Reflects the acquisition of an additional 975 Common Shares on June 30, 2021 and 1,244 Common Shares on June 30, 2022 through the Issuer's Employee Share Purchase Plan and an additional 41 Common Shares through the Issuer's direct dividend reinvestment and share purchase program, which are held directly by the reporting person.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $23.90 to $24.03, inclusive. The reporting person undertakes to provide to JBG SMITH Properties, any security holder of JBG SMITH Properties, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (4) to this Form 4.
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.
The total number of LTIP Units has been revised to reflect that certain LTIP Units, originally granted in January 2019, were forfeited based on performance conditions set forth in the award agreement.
/s/ Steven A. Museles
2022-08-17