0001104659-24-072264.txt : 20240617
0001104659-24-072264.hdr.sgml : 20240617
20240617161011
ACCESSION NUMBER: 0001104659-24-072264
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240617
FILED AS OF DATE: 20240617
DATE AS OF CHANGE: 20240617
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Regan-Levine Evan
CENTRAL INDEX KEY: 0002012105
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37994
FILM NUMBER: 241048276
MAIL ADDRESS:
STREET 1: C/O JBG SMITH PROPERTIES
STREET 2: 4747 BETHESDA AVENUE, SUITE 200
CITY: BETHESDA
STATE: MD
ZIP: 20814
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: JBG SMITH Properties
CENTRAL INDEX KEY: 0001689796
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
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
tm2417414-1_4seq1.xml
OWNERSHIP DOCUMENT
X0508
4
2024-06-17
0
0001689796
JBG SMITH Properties
JBGS
0002012105
Regan-Levine Evan
C/O JBG SMITH PROPERTIES
4747 BETHESDA AVENUE, SUITE 200
BETHESDA
MD
20814
0
1
0
0
Chief Strategy Officer
0
Common Shares
2024-06-17
4
C
0
7525
A
7525
D
LTIP Units
2024-06-17
4
C
0
7525
D
Common Shares
7525
115343
D
OP Units
2024-06-17
4
C
0
7525
A
Common Shares
7525
8109
D
OP Units
2024-06-17
4
C
0
7525
D
Common Shares
7525
584
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 of the Issuer, par value $0.01 ("Common Shares"). No sale or monetization of securities has occurred.
Each OP Unit is redeemable, once vested, by the holder for one Common Share, or the cash value of a Common Share, at the Issuer's option.
Limited partnership units in the OP designated as 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 21,023 LTIP Units, originally granted on January 2, 2024 and conditioned on the closing of the sale of land owned for the development of a sports and entertainment complex in Virginia, have been cancelled for no value by mutual agreement.
/s/ Steven A. Museles, attorney-in-fact
2024-06-17