0001104659-17-048970.txt : 20170802
0001104659-17-048970.hdr.sgml : 20170802
20170802173534
ACCESSION NUMBER: 0001104659-17-048970
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170801
FILED AS OF DATE: 20170802
DATE AS OF CHANGE: 20170802
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kelly William Matthew
CENTRAL INDEX KEY: 0001708667
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37994
FILM NUMBER: 171001389
MAIL ADDRESS:
STREET 1: C/O JBG/OPERATING PARTNERS, L.P.
STREET 2: 4445 WILLARD AVENUE, SUITE 400
CITY: CHEVY CHASE
STATE: MD
ZIP: 20815
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: 4445 WILLARD AVENUE
STREET 2: SUITE 400
CITY: CHEVY CHASE
STATE: MD
ZIP: 20815
BUSINESS PHONE: 240-333-3600
MAIL ADDRESS:
STREET 1: 4445 WILLARD AVENUE
STREET 2: SUITE 400
CITY: CHEVY CHASE
STATE: MD
ZIP: 20815
FORMER COMPANY:
FORMER CONFORMED NAME: Vornado DC Spinco
DATE OF NAME CHANGE: 20161109
4
1
a4.xml
4
X0306
4
2017-08-01
0
0001689796
JBG SMITH Properties
JBGS
0001708667
Kelly William Matthew
C/O JBG SMITH PROPERTIES
4445 WILLARD AVENUE, SUITE 400
CHEVY CHASE
MD
20815
1
1
0
0
Chief Executive Officer
LTIP Units
2017-08-01
4
A
0
48129
A
Common Shares
48129
48129
D
LTIP Units
2017-08-01
4
A
0
96259
A
Common Shares
96259
144388
D
The reporting person received a grant of limited partnership units in JBG SMITH Properties LP, JBG SMITH Properties' (the "Issuer's") operating partnership (the "OP"), designated as LTIP Units ("LTIP Units") pursuant to the JBG SMITH Properties 2017 Omnibus Share Plan ("Omnibus Plan"). These 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 operating partnership units in the OP ("OP Units"). The resulting OP Units are redeemable by the holder for one common share of the Issuer, par value $0.01 (a "Common Share") per OP Unit or the cash value of a Common Share, at the Issuer's option, after the two year anniversary of the LTIP issuance.
The LTIP Units vest in equal annual installments on the first through fourth anniversaries of the date of grant, subject to reporting person's continued employment through each vesting date.
The reporting person received a grant of LTIP Units pursuant to the Omnibus Plan. These LTIP Units, plus any LTIP Units received in respect of accrued dividend equivalents pursuant to the terms of the award agreements, are a class of units in the OP that, if earned and 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 resulting OP Units are redeemable by the holder for one Common Share per OP Unit or the cash value of a Common Share, at the Issuer's option, after the two year anniversary of the LTIP Units issuance.
These LTIP Units, to the extent earned based on the Issuer's achievement of the performance conditions set forth in the award agreement over a three-year performance period, will vest 50% on the date the number of LTIP Units that become earned is determined and 50% on the fourth anniversary of the date of grant, subject to the reporting person's continued employment.
/s/ Steven Museles, attorney-in-fact
2017-08-02