George Laucks Xanders - Jul 15, 2021 Form 4 Insider Report for JBG SMITH Properties (JBGS)

Role
Chief Investment Officer
Signature
/s/ Steven A. Museles, attorney-in-fact
Stock symbol
JBGS
Transactions as of
Jul 15, 2021
Transactions value $
$0
Form type
4
Date filed
7/16/2021, 04:49 PM
Next filing
Aug 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JBGS Common Shares Conversion of derivative security +15K +4285.71% 15.4K Jul 15, 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction JBGS LTIP Units Conversion of derivative security -15K -5.97% 236K Jul 15, 2021 Common Shares 15K Direct F3
transaction JBGS OP Units Conversion of derivative security +15K +312.5% 19.8K Jul 15, 2021 Common Shares 15K Direct F1, F3
transaction JBGS OP Units Conversion of derivative security -15K -75.76% 4.8K Jul 15, 2021 Common Shares 15K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Operating Partnership Unit ("OP Unit") in JBG SMITH Properties LP (the "OP"), the operating partnership of JBG SMITH Properties (the "Issuer"), is redeemable, once vested, by the holder for one common share of the Issuer, par value $0.01 (a "Common Share"), or the cash value of a Common Share, at the Issuer's option.
F2 The reported transactions represent solely a conversion of LTIP Units into OP Units and an exchange of OP Units into common shares. No sale or monetization of securities has occurred.
F3 These limited partnership units in the OP designated as LTIP Units ("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.