William C. Trimble - Oct 14, 2021 Form 4 Insider Report for Easterly Government Properties, Inc. (DEA)

Signature
/s/ Franklin V. Logan, Attorney-in-fact for William C. Trimble, III
Stock symbol
DEA
Transactions as of
Oct 14, 2021
Transactions value $
-$194,078
Form type
4
Date filed
10/18/2021, 05:23 PM
Previous filing
Aug 16, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DEA Common Stock Conversion of derivative security $0 +5.6K +6.14% $0.00 96.9K Oct 14, 2021 Direct F1
transaction DEA Common Stock Sale -$120K -5.6K -5.78% $21.50 91.3K Oct 14, 2021 Direct F2, F3
transaction DEA Common Stock Conversion of derivative security $0 +3.4K +3.72% $0.00 94.7K Oct 15, 2021 Direct F4
transaction DEA Common Stock Sale -$73.7K -3.4K -3.59% $21.67 91.3K Oct 15, 2021 Direct F2, F5

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 -5.6K -1.36% $0.00 407K Oct 14, 2021 Common Stock 5.6K Direct F1, F6
transaction DEA LTIP Units Conversion of derivative security $0 -3.4K -0.84% $0.00 404K Oct 15, 2021 Common Stock 3.4K Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 5,600 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 $21.52 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 3,400 LTIP Units in the Partnership, of which the Issuer is the sole general partner, were exchanged for an equal number of Common Units, which were subsequently redeemed for an equal number of shares of Common Stock.
F5 Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $21.64 to $21.79 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.
F6 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.