0001123292-18-001113.txt : 20181212
0001123292-18-001113.hdr.sgml : 20181212
20181212172652
ACCESSION NUMBER: 0001123292-18-001113
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20181210
FILED AS OF DATE: 20181212
DATE AS OF CHANGE: 20181212
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: YALE UNIVERSITY
CENTRAL INDEX KEY: 0000938582
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37994
FILM NUMBER: 181231603
BUSINESS ADDRESS:
STREET 1: YALE UNIVERSITY INVESTMENTS OFFICE
STREET 2: 55 WHITNEY AVENUE 5TH FLOOR
CITY: NEW HAVEN
STATE: CT
ZIP: 06510-1300
BUSINESS PHONE: 2034325761
MAIL ADDRESS:
STREET 1: YALE UNIVERSITY INVESTMENTS OFFICE
STREET 2: 55 WHITNEY AVENUE 5TH FLOOR
CITY: NEW HAVEN
STATE: CT
ZIP: 06510-1300
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
edgar.xml
PRIMARY DOCUMENT
X0306
4
2018-12-10
1
0001689796
JBG SMITH Properties
JBGS
0000938582
YALE UNIVERSITY
C/O JBG SMITH PROPERTIES,
4445 WILLARD AVENUE, SUITE 400
CHEVY CHASE
MD
20815
1
0
0
0
Common Shares
2018-12-10
4
S
0
131000
38.39
D
3906951
I
By LLCs
Common Shares
2018-12-11
4
S
0
15233
38.27
D
3891718
I
By LLCs
Common Shares
2018-12-12
4
S
0
20600
38.04
D
3871118
I
By LLCs
The price reported in Column 4 reflects a weighted average price of $38.3861. These shares were sold in multiple transactions at prices ranging from $38.21 to $39.065, inclusive. The reporting person undertakes to provide to JBG SMITH Properties (the "Issuer"), any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 1.
The price reported in Column 4 reflects a weighted average price of $38.271. These shares were sold in multiple transactions at prices ranging from $38.00 to $38.67, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 2.
The price reported in Column 4 reflects a weighted average price of $38.0431. These shares were sold in multiple transactions at prices ranging from $38.00 to $38.215 inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 3.
The Issuer previously issued to ten limited liability companies (the "LLCs") controlled by the reporting person common shares, par value $0.01 ("Common Shares"), of the Issuer as consideration for the contribution of certain assets by The JBG Companies and investment funds associated with The JBG Companies to the Issuer or its subsidiaries in connection with a previously completed business combination transaction. The reporting person is, directly or indirectly, the sole or majority owner of the membership interests of each of the LLCs. The reporting person disclaims beneficial ownership of the Common Shares except to the extent of its pecuniary interest therein. Each of the transactions reflected in Column 4 of Table I represents the sale of Common Shares by the LLCs on a pro rata basis.
An employee of the reporting person, in such employee's personal capacity, serves on the Board of Trustees of the Issuer. The reporting person has concluded that it is not a trustee of the Issuer by deputization and therefore will no longer be filing reports under Section 16(a) of the Securities Exchange Act of 1934, as amended, with respect to its beneficial ownership of securities of the Issuer. This Form 4 shall not be deemed an admission that the reporting person is, or was at any time, required to file beneficial ownership reports under Section 16(a).
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
Yale University By: /s/ David F. Swensen, Chief Investment Officer
2018-12-12