SEC Form 4 · accession 0000899243-16-020317
Easterly Government Properties, Inc. · DEA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alison M. Bernard
Officer — EVP & CAO
Period of report
May 16, 2016
Accepted (ET)
May 18, 2016 · 5:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001622194
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 16, 2016 | J | 489 | $0.00 | A | 489 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Partnership UnitsF3 | — | May 16, 2016 | J | 12 | A | — | — | Common Stock | 12 | 12 | D |
Explanation of responses
- F1Reflects shares of the Issuer's common stock and common units of limited partnership interest ("Partnership Units") in Easterly Government Properties LP (the "Operating Partnership") distributed to the Reporting Person on May 16, 2016 as a result of incentive distributions from USGP II Investor, LP ("Fund II") and its constituent funds in connection with its partial liquidation. The Issuer's common stock and Partnership Units were acquired by Fund II and its constituent funds as the result of the following transactions that were consummated concurrently with the Issuer's initial public offering on February 11, 2015: (i) Fund II contributed its interests in its property-owning subsidiaries to the Operating Partnership in exchange for Partnership Units, and in connection therewith received a special distribution of shares of common stock, and (ii) Fund II purchased from the Issuer shares of common stock for cash in a private placement.
- F2(Continued from Footnote 1) The Reporting Person received 489 shares of common stock and 12 Partnership Units from Fund II and its constituent funds. The liquidation and distribution were completed in accordance with the organizational documents of Fund II and its constituent funds and no amounts were paid in connection with the distributions of these shares of common stock and Partnership Units.
- F3Represents Partnership Units of the Operating Partnership. Each Partnership Unit is redeemable for cash equal to the then fair market value of one share of the Issuer's common stock, except that the Issuer may, at its election, acquire each Partnership Unit so presented for one share of common stock. These redemption rights have no expiration date.