Charles E. Haldeman - May 4, 2023 Form 4 Insider Report for JBG SMITH Properties (JBGS)

Role
Director
Signature
/s/ Steven A. Museles, attorney-in-fact
Stock symbol
JBGS
Transactions as of
May 4, 2023
Transactions value $
$0
Form type
4
Date filed
5/5/2023, 05:48 PM
Previous filing
May 3, 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 LTIP Units Award +18.6K +49.93% 55.8K May 4, 2023 Common Shares 18.6K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Charles E. Haldeman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The reporting person received a grant of limited partnership units of JBG SMITH Properties LP, JBG SMITH Properties' (the "Issuer's") operating partnership (the "OP"), designated as LTIP Units ("LTIP Units") pursuant to the JBG SMITH Properties 2017 Omnibus Share Plan. These LTIP Units are a class of units in the OP that 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 Operating Partnership Units ("OP Units") in the OP. The resulting OP Units are redeemable by the holder for one common share of the Issuer, par value $0.01 (a "Common Share") per OP Unit or the cash value of a Common Share, at the Issuer's option, after the two year anniversary of the LTIP Units issuance. The LTIP Units will be fully vested on the date of grant but may not be sold while the reporting person serves as a trustee, except in certain circumstances.