0001104659-18-068578.txt : 20181114
0001104659-18-068578.hdr.sgml : 20181114
20181114204927
ACCESSION NUMBER: 0001104659-18-068578
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20181112
FILED AS OF DATE: 20181114
DATE AS OF CHANGE: 20181114
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Iker James Lee
CENTRAL INDEX KEY: 0001708639
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37994
FILM NUMBER: 181185783
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
2018-11-12
0
0001689796
JBG SMITH Properties
JBGS
0001708639
Iker James Lee
C/O JBG SMITH PROPERTIES
4445 WILLARD AVENUE, SUITE 400
CHEVY CHASE
MD
20815
0
1
0
0
Chief Investment Officer
LTIP Units
2018-11-12
4
A
0
2810
A
Common Shares
2810
72138
D
LTIP Units
2018-11-12
4
A
0
4803
A
Common Shares
4803
106839
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 Units issuance.
The LTIP Units will vest in two equal installments, conditioned upon the execution of certain definitive documentation with Amazon, on the fourth and fifth anniversaries of the date of grant, respectively, 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.
To the extent earned, these LTIP Units, or a portion thereof, may become earned based on the Issuer's achievement of the performance conditions set forth in the award agreement over a three-year performance period commencing November 2, 2018 (or under certain circumstances, over an additional seven-year performance period thereafter). To the extent earned, conditioned upon the execution of certain definitive documentation with Amazon, the LTIP Units will vest 50% on the fourth anniversary of the date of grant and 50% on the fifth anniversary of the date of grant (or, if any LTIP Units become earned during the additional seven-year performance period, on such date the LTIP Units become earned), subject to the reporting person's continued employment through each vesting date.
/s/ Steven A. Museles, attorney-in-fact
2018-11-14