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