William C. Trimble - Jun 7, 2021 Form 4 Insider Report for Easterly Government Properties, Inc. (DEA)

Role: President & CEO, Director
Signature: /s/ Alison M. Bernard, Attorney-in-fact for William C. Trimble, III
Stock symbol: DEA
Transactions as of: Jun 7, 2021
Transactions value $: -$193,590
Form type: 4
Date filed: 6/9/2021, 05:23 PM
Next filing: Jun 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DEA	Common Stock	Conversion of derivative security	$0	+9K	+9.86%	$0.00	100K	Jun 7, 2021	Direct	F1
transaction	DEA	Common Stock	Sale	-$194K	-9K	-8.97%	$21.51	91.3K	Jun 7, 2021	Direct	F2, F3

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	DEA	LTIP Units	Conversion of derivative security	$0	-9K	-2.01%	$0.00	440K	Jun 7, 2021	Common Stock	9K		Direct	F1, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	9,000 LTIP units ("LTIP Units") in Easterly Government Properties LP (the "Partnership"), of which the Issuer is the sole general partner, were exchanged for an equal number of common units of limited partnership interest in the Partnership ("Common Units"), which were subsequently redeemed for an equal number of shares of the Issuer's common stock, par value $0.01 per share ("Common Stock").
F2	The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 12, 2021.
F3	Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $21.50 to $21.53 per share, inclusive. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4	Represents LTIP Units granted as long-term incentive compensation pursuant to the Issuer's 2015 Equity Incentive Plan, as amended, subject to certain performance vesting hurdles based on the Issuer's performance through December 31, 2017, and which were earned upon determination that the performance vesting hurdles had been achieved. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be exchanged, at the election of either the holder or the Partnership, into a Common Unit. Each Common Unit may be presented for redemption, at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may elect to acquire each Common Unit so presented for one share of Common Stock. LTIP Units are generally not convertible without the consent of the Issuer until two years from the grant date. These redemption rights have no expiration date.