0001209191-23-016255.txt : 20230306 0001209191-23-016255.hdr.sgml : 20230306 20230306161121 ACCESSION NUMBER: 0001209191-23-016255 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230222 FILED AS OF DATE: 20230306 DATE AS OF CHANGE: 20230306 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Logan Franklin V. CENTRAL INDEX KEY: 0001967500 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36834 FILM NUMBER: 23709045 MAIL ADDRESS: STREET 1: EASTERLY GOVERNMENT PROPERTIES, INC. STREET 2: 2001 K STREET NW, SUITE 775 NORTH CITY: WASHINGTON STATE: DC ZIP: 20006 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 3 1 doc3.xml FORM 3 SUBMISSION X0206 3 2023-02-22 0 0001622194 Easterly Government Properties, Inc. DEA 0001967500 Logan Franklin V. C/O EASTERLY GOVERNMENT PROPERTIES, INC. 2001 K STREET NW, SUITE 775 NORTH WASHINGTON DC 20006 0 1 0 0 EVP, GC & Secretary Common Stock 1051 D LTIP Units Common Stock 1926 D LTIP Units Common Stock 1957 D LTIP Units Common Stock 3926 D LTIP Units Common Stock 543 D LTIP Units Common Stock 1078 D LTIP Units Common Stock 658 D LTIP Units Common Stock 9277 D Common Units Common Stock 6957 D Represents LTIP Units in Easterly Government Properties LP (the "Operating Partnership"), of which the Issuer is the general partner, granted pursuant to the Issuer's 2015 Equity Incentive Plan, as amended (the "Plan"). The LTIP Units, and the common units of limited partnership interest in the Operating Partnership (each, a "Common Unit") into which such LTIP Units may be converted, will vest on December 31, 2023 in accordance with the terms of the award and subject to the reporting person's continued employment. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into 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. The rights to convert vested LTIP Units into Common Units and redeem Common Units do not have expiration dates. Represents LTIP Units in the Operating Partnership granted pursuant to the Plan. The LTIP Units, and the Common Units into which such LTIP Units may be converted, will vest on December 31, 2024 in accordance with the terms of the award and subject to the reporting person's continued employment. Represents LTIP Units in the Operating Partnership granted pursuant to the Plan. The LTIP Units, and the Common Units into which such LTIP Units may be converted, will vest on December 31, 2025 in accordance with the terms of the award and subject to the reporting person's continued employment. 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, 2023. Subject to the reporting person's continued employment, earned LTIP Units will vest when earned following the end of the performance period. Represents the maximum 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, 2024. Subject to the reporting person's continued employment, earned LTIP Units will vest when earned following the end of the performance period. Represents the maximum 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, 2025. Subject to the reporting person's continued employment, earned LTIP Units will vest when earned following the end of the performance period. 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, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to redeem Common Units do not have expiration dates. See Exhibit 24.1 - Power of Attorney /s/ Franklin V. Logan 2023-03-06 EX-24 2 poa.txt POA DOCUMENT Exhibit 24.1 LIMITED POWER OF ATTORNEY FOR EASTERLY GOVERNMENT PROPERTIES, INC. SECTION 16(a) FILINGS Know all by these presents, that the undersigned hereby constitutes and appoints each of Alison E. Marino and Meghan G. Baivier, each signing singly, the undersigned's true and lawful attorney-in-fact to: (1) execute for and on behalf of the undersigned, in the undersigned's capacity as an officer, director and/or stockholder of Easterly Government Properties, Inc. (the "Company"), Forms 3, 4, and 5 and amendments thereto in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules thereunder; (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5 or amendment thereto and timely file such form with the United States Securities and Exchange Commission (the "SEC") and any stock exchange or similar authority; and (3) take any other action of any type whatsoever which, in the opinion of such attorney-in-fact, may be necessary or desirable in connection with the foregoing authority, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve. The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Exchange Act. This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, and 5 with respect to the undersigned's holdings of and transactions in securities of the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact. This Power of Attorney shall expire as to any individual attorney-in-fact if such attorney-in-fact ceases to be an officer of the Company. This Power of Attorney may be filed with the SEC as a confirming statement of the authority granted herein. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 6th day of March, 2023. Signature: /s/ Franklin V. Logan Print Name: Franklin V. Logan