0000899243-18-000609.txt : 20180105
0000899243-18-000609.hdr.sgml : 20180105
20180105172158
ACCESSION NUMBER: 0000899243-18-000609
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180104
FILED AS OF DATE: 20180105
DATE AS OF CHANGE: 20180105
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kendall Ronald E.
CENTRAL INDEX KEY: 0001632890
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36834
FILM NUMBER: 18514255
MAIL ADDRESS:
STREET 1: C/O EASTERLY GOVERNMENT PROPERTIES
STREET 2: 2101 L STREET NW, SUITE 750
CITY: WASHINGTON
STATE: DC
ZIP: 20037
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: 2101 L STREET NW
STREET 2: SUITE 650
CITY: WASHINGTON
STATE: DC
ZIP: 20037
BUSINESS PHONE: (202) 595-9500
MAIL ADDRESS:
STREET 1: 2101 L STREET NW
STREET 2: SUITE 650
CITY: WASHINGTON
STATE: DC
ZIP: 20037
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2018-01-04
0
0001622194
Easterly Government Properties, Inc.
DEA
0001632890
Kendall Ronald E.
C/O EASTERLY GOVERNMENT PROPERTIES, INC.
2101 L STREET NW, SUITE 650
WASHINGTON
DC
20037
0
1
0
0
EVP - Government Relations
LTIP Units
2018-01-04
4
A
0
275
0.00
A
Common Stock
275
275
D
LTIP Units
2018-01-04
4
A
0
470
0.00
A
Common Stock
470
470
D
LTIP Units
2018-01-04
4
A
0
724
0.00
A
Common Stock
724
724
D
Represents a target number of LTIP Units in Easterly Government Properties LP (the "Operating Partnership"), of which the Issuer is the general partner, granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended (the "Plan") that may be earned based on the Issuer's performance through December 31, 2018. Subject to continued employment, 50% of the earned LTIP Units will vest when earned and 50% of the earned LTIP Units will vest on January 4, 2020.
Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in the Operating Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP 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, at its election, 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 date of the grant. The rights to convert vested LTIP Units into Common Units and redeem Common Units do not have expiration dates.
Represents a target number of LTIP Units in the Operating Partnership granted as long-term incentive compensation pursuant to the Plan that may be earned based on the Issuer's performance through December 31, 2019. Subject to continued employment, 50% of the earned LTIP Units will vest when earned and 50% of the earned LTIP Units will vest on January 4, 2021.
Represents a target number of LTIP Units in the Operating Partnership granted as long-term incentive compensation pursuant to the Plan that may be earned based on the Issuer's performance through December 31, 2020. Subject to continued employment, 50% of the earned LTIP Units will vest when earned and 50% of the earned LTIP Units will vest on January 4, 2022.
/s/ Alison M. Bernard, Attorney-in-fact for Ronald E. Kendall
2018-01-05