| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DEA | Common Stock | Conversion of derivative security | $0 | +69.3K | +75.19% | $0.00 | 161K | Jan 19, 2024 | Direct | F1 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DEA | LTIP Units | Conversion of derivative security | $0 | -24.4K | -100% | $0.00* | 0 | Jan 19, 2024 | Common Stock | 24.4K | Direct | F2, F3 | |
| transaction | DEA | LTIP Units | Conversion of derivative security | $0 | -1.91K | -100% | $0.00* | 0 | Jan 19, 2024 | Common Stock | 1.91K | Direct | F3, F4 | |
| transaction | DEA | LTIP Units | Conversion of derivative security | $0 | -19.8K | -100% | $0.00* | 0 | Jan 19, 2024 | Common Stock | 19.8K | Direct | F3, F5 | |
| transaction | DEA | LTIP Units | Conversion of derivative security | $0 | -23.2K | -100% | $0.00* | 0 | Jan 19, 2024 | Common Stock | 23.2K | Direct | F3, F6 |
| Id | Content |
|---|---|
| F1 | 69,305 LTIP units ("LTIP Units") in Easterly Government Properties LP (the "Partnership"), of which the Issuer is the sole general partner, were exchanged for an equal number of common units of limited partnership interest in the Partnership ("Common Units"), which were subsequently redeemed for an equal number of shares of the Issuer's common stock, par value $0.01 per share ("Common Stock"). |
| F2 | Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, subject to certain performance vesting hurdles, which were earned based on the Issuer's performance from January 2, 2019 through December 31, 2021. |
| F3 | Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be exchanged, at the election of either the holder or the Partnership, into a Common Unit. Each Common Unit may be presented for redemption, at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may elect to acquire each Common Unit so presented for one share of Common Stock. LTIP Units are generally not convertible without the consent of the Issuer until two years from the grant date. These redemption rights have no expiration dates. |
| F4 | Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, subject to certain performance vesting hurdles, which were earned based on the Issuer's performance from January 3, 2020 through December 31, 2022. |
| F5 | Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, subject to certain performance vesting hurdles, which were earned based on the Issuer's performance from January 4, 2021 through December 31, 2023. |
| F6 | Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, which vested on December 31, 2023. |