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