SEC Form 4 · accession 0000899243-18-024632
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
Sep 13, 2018
Accepted (ET)
Sep 17, 2018 · 9:08 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 | Sep 13, 2018 | C | 400,000 | $0.00 | A | 400,000 | I | Easterly Capital, LLC |
| Common Stock | Sep 13, 2018 | S | 400,000 | $19.65 | D | 0 | I | Easterly Capital, LLC |
| Common Stock | holding | — | — | — | 45,000 | D | ||
| Common StockF2 | holding | — | — | — | 625 | I | Daughter's UTMA Account | |
| Common StockF2 | holding | — | — | — | 2,000 | I | Daughter's UTMA Account | |
| Common StockF2 | 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 UnitsF3 | — | Sep 13, 2018 | C | 400,000 | D | — | — | Common Stock | 400,000 | 635,406 | I |
Explanation of responses
- F1400,000 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 disclaims beneficial ownership with respect to the shares of Common Stock, except to the extent of his pecuniary interest therein.
- F3Each 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.