SEC Form 4 · accession 0000899243-18-015799
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
Jun 6, 2018
Accepted (ET)
Jun 8, 2018 · 6:30 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 StockF1 | Jun 6, 2018 | C | 18,210 | $0.00 | A | 29,103 | I | Easterly Holdings II LLC |
| Common StockF2 | Jun 6, 2018 | J | 29,103 | $0.00 | D | 0 | I | Easterly Holdings II LLC |
| Common Stock | holding | — | — | — | 45,000 | D | ||
| Common StockF3 | holding | — | — | — | 625 | I | Daughter's UTMA Account | |
| Common StockF3 | holding | — | — | — | 2,000 | I | Daughter's UTMA Account | |
| Common StockF3,F4 | holding | — | — | — | 625 | I | Daughter's UTMA Account |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Partnership UnitsF5 | — | Jun 6, 2018 | C | 18,210 | D | — | — | Common Stock | 18,210 | 0 | I |
| Partnership UnitsF5 | — | holding | — | — | — | — | — | Common Stock | 1,035,406 | 1,035,406 | I |
Explanation of responses
- F118,210 common units of limited partnership interest ("Common Units") in Easterly Government Properties LP (the "Operating Partnership"), of which the Issuer is the sole general partner, were redeemed for an equal number of shares of the Issuer's common stock, par value $0.01 per share ("Common Stock").
- F2The reporting person transferred his indirect interest in 29,103 shares of Common Stock to a family member, whose ownership is not attributable to the reporting person.
- F3The reporting person disclaims beneficial ownership with respect to the shares of Common Stock, except to the extent of his pecuniary interest therein.
- F4The reporting person no longer has a reportable beneficial interest in 3,000 shares of Common Stock owned by his son and included in the reporting person's prior ownership reports.
- F5Each Common Unit is redeemable for cash equal to the then fair market value of one share of Common Stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of Common Stock. These redemption rights have no expiration date.