SEC Form 4 · accession 0000899243-16-026743

Easterly Government Properties, Inc. · DEA

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Darrell W Crate

Officer — Chairman · Director

Period of report

Aug 9, 2016

Accepted (ET)

Aug 10, 2016 · 4:30 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	holding	—	—		—	80,560	D
Common Stock^F1	holding	—	—		—	10,893	I	Easterly Holdings II LLC

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Partnership Units^F2	—	Aug 9, 2016	J	101,051	A	—	—	Common Stock	101,051	1,236,457	I
Partnership Units^F2	—	Aug 9, 2016	J	101,051	D	—	—	Common Stock	101,051	1,135,406	I
Partnership Units^F2,F1	—	holding	—	—	—	—	—	Common Stock	18,210	18,210	I

Explanation of responses

F1Reflects the number of shares of common stock of the Issuer and common units of limited partnership interest ("Partnership Units") in Easterly Government Properties LP (the "Operating Partnership") held indirectly by the Reporting Person as of the date hereof. On December 23, 2015, the aggregate number of shares of common stock of the Issuer and Partnership Units reported as held indirectly by the Reporting Person through USGP II Investor, LP were transferred to Easterly Holdings II LLC, representing a change in form of beneficial ownership in a transaction exempt from Section 16 pursuant to Rule 16a-13. In connection with this transfer, the Reporting Person, through Easterly Holdings II LLC, received an aggregate amount of shares of common stock of the Issuer and Partnership Units substantially equal to the aggregate amount previously reported, though in different proportions of shares of common stock and Partnership Units.
F2Represents 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.
F3On August 9, 2016, 101,051 Partnership Units were transferred to Easterly Capital, LLC ("Easterly Capital"), which is owned by the Reporting Person, without payment of any purchase price, and the same 101,051 Partnership Units were immediately distributed by Easterly Capital to a former employee of Easterly Capital, as part of a compensatory arrangement for the benefit of and without payment thereof by the former employee.