William Matthew Kelly - 31 Dec 2021 Form 5 Insider Report for JBG SMITH Properties (JBGS)

Role
Chief Executive Officer, Director
Signature
/s/ Steven A. Museles, attorney-in-fact
Issuer symbol
JBGS
Transactions as of
31 Dec 2021
Net transactions value
$0
Form type
5
Filing time
11 Feb 2022, 15:48:35 UTC
Previous filing
02 Aug 2021
Next filing
05 Jan 2022
SEC
View on sec.gov

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 OP Units Gift -219,000 -100% 0 21 Jun 2021 Common Shares 219,000 Held by spouse F1, F2
holding JBGS OP Units 38,432 31 Dec 2021 Common Shares 38,432 By WMK Fund Holdings II, L.L.C. F1
holding JBGS OP Units 295,899 31 Dec 2021 Common Shares 295,899 Direct F1, F3, F4
* 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 operating partnership of JBG SMITH Properties (the "Issuer"), is redeemable 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 reporting person's spouse transferred 219,000 OP Units to a limited liability company that is managed by independent third parties, and the reporting person is no longer a beneficial owner of the OP Units transferred to the limited liability company.
F3 As of December 31, 2021, 119,266 of these OP Units are unvested and will vest subject to the reporting person's continued service through each vesting date. These OP Units will vest in equal monthly installments through July 1, 2022. The remaining 176,633 OP Units were vested.
F4 The Form 4 filed for Mr. Kelly on June 23, 2021 inadvertently reported these OP Units as being held indirectly. Additionally, previous filings inadvertently included ownership of certain OP Units held by JBG Properties, Inc. for which the reporting person disclaims beneficial ownership and which are not included herein.