Madhumita Moina Banerjee - Feb 15, 2024 Form 4 Insider Report for JBG SMITH Properties (JBGS)

Role
Chief Financial Officer
Signature
/s/ Steven A. Museles, attorney-in-fact
Stock symbol
JBGS
Transactions as of
Feb 15, 2024
Transactions value $
$0
Form type
4
Date filed
2/16/2024, 04:05 PM
Previous filing
Jan 4, 2024
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JBGS Common Shares Conversion of derivative security +18.9K 18.9K Feb 15, 2024 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 -18.9K -7.97% 218K Feb 15, 2024 Common Shares 18.9K Direct F1, F3, F4
transaction JBGS OP Units Conversion of derivative security +18.9K +12.76% 167K Feb 15, 2024 Common Shares 18.9K Direct F1, F2, F3
transaction JBGS OP Units Conversion of derivative security -18.9K -11.31% 148K Feb 15, 2024 Common Shares 18.9K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transactions represent solely a conversion of limited partnership units in JBG SMITH Properties LP (the "OP"), the operating partnership of JBG SMITH Properties (the "Issuer"), designated as LTIP Units ("LTIP Units") into Operating Partnership Units ("OP Units") in the OP, and an exchange of OP Units into common shares. No sale or monetization of securities has occurred.
F2 Each OP Unit 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.
F3 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.
F4 The total number of LTIPs has been revised to reflect that certain LTIPs, originally granted in January 2021, were forfeited based on performance conditions set forth in the award agreement.