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

Role
Chief Executive Officer, Director
Signature
/s/ Steven A. Museles, attorney-in-fact
Stock symbol
JBGS
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
5
Date filed
2/11/2022, 03:48 PM
Previous filing
Aug 2, 2021
Next filing
Jan 5, 2022

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 -219K -100% 0 Jun 21, 2021 Common Shares 219K Held by spouse F1, F2
holding JBGS OP Units 38.4K Dec 31, 2021 Common Shares 38.4K By WMK Fund Holdings II, L.L.C. F1
holding JBGS OP Units 296K Dec 31, 2021 Common Shares 296K 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.