Steven A. Museles - Feb 15, 2023 Form 4 Insider Report for JBG SMITH Properties (JBGS)

Role
Chief Legal Off. & Corp. Secy
Signature
/s/ Steven A. Museles
Stock symbol
JBGS
Transactions as of
Feb 15, 2023
Transactions value $
$0
Form type
4
Date filed
2/17/2023, 03:14 PM
Previous filing
Jan 5, 2023
Next filing
Dec 15, 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JBGS Common Shares Conversion of derivative security +10K +173.67% 15.8K Feb 15, 2023 Direct F1, 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 JBGS LTIP Units Conversion of derivative security -10K -4.09% 235K Feb 15, 2023 Common Shares 10K Direct F1, F4
transaction JBGS OP Units Conversion of derivative security +10K 10K Feb 15, 2023 Common Shares 10K Direct F1, F2, F4
transaction JBGS OP Units Conversion of derivative security -10K -100% 0 Feb 15, 2023 Common Shares 10K 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 of the Issuer, par value $0.01 ("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, or the cash value of a Common Share, at the Issuer's option.
F3 Reflects the acquisition of an additional 25 Common Shares through the Issuer's direct dividend reinvestment and share purchase program, which are held directly by the reporting person.
F4 Limited partnership units in the OP designated as 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.