| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | DEA | Common Stock | Conversion of derivative security | $0 | +7K | +7.67% | $0.00 | 98.3K | Jan 18, 2022 | Direct | F1 |
| transaction | DEA | Common Stock | Sale | -$157K | -7K | -7.12% | $22.47 | 91.3K | Jan 18, 2022 | Direct | F2, F3 |
| 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 | -7K | -1.73% | $0.00 | 397K | Jan 18, 2022 | Common Stock | 7K | Direct | F1, F4, F5 | |
| transaction | DEA | LTIP Units | Award | $0 | +60.3K | +522.77% | $0.00 | 71.9K | Jan 18, 2022 | Common Stock | 60.3K | Direct | F5, F6, F7 |
| Id | Content |
|---|---|
| F1 | 7,000 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 December 6, 2021. |
| F3 | Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $22.42 to $22.55 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 (the "Plan"), 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. |
| F5 | 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. |
| F6 | Represents LTIP Units granted as long-term incentive compensation pursuant to the Plan, subject to certain performance vesting hurdles based on the Issuer's performance from January 2, 2019 through December 31, 2021 (the "LTIP Unit Award"), and which were earned upon the determination that the performance vesting hurdles had been achieved. |
| F7 | The total number of derivative securities represents the aggregate of all LTIP Units earned by the reporting person pursuant to the LTIP Unit Award. 50% of the LTIP Units vested when earned and 50% will vest on January 2, 2023, subject to continued employment. |