SEC Form 4 · accession 0000899243-16-028472
Easterly Government Properties, Inc. · DEA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael P. Ibe
Officer — EVP - Dev. and Acquisitions · Director
Period of report
Oct 21, 2015
Accepted (ET)
Sep 2, 2016 · 4:24 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001622194
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Partnership UnitsF1,F2 | — | Oct 21, 2015 | A | 12,500 | A | — | — | Common Stock | 12,500 | 5,701,506 | I |
| Partnership UnitsF1 | — | holding | — | — | — | — | — | Common Stock | 70,813 | 70,813 | I |
Explanation of responses
- F1Represents common units of limited partnership interest ("Partnership Units") in Easterly Government Properties LP (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.
- F2The Partnership Units were issued on October 21, 2015 in connection with a contribution agreement, pursuant to which an entity wholly owned by the reporting person contributed its interest in a property to the Operating Partnership and received Partnership Units as consideration for the contribution. This transaction was not previously reported due to an inadvertent administrative error.
Remarks
The reporting person's previously reported direct ownership of 10,000 shares of the Issuer's Common Stock is not being amended hereby.