SEC Form 4 · accession 0001104659-17-045780
JBG SMITH Properties · JBGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
VORNADO REALTY TRUST
10% Owner
Period of report
Jul 17, 2017
Accepted (ET)
Jul 19, 2017 · 4:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001689796
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares, $0.01 par value (the ''Common Shares'')F1,F2 | Jul 17, 2017 | J | 94,734,489 | — | A | 94,735,489 | D | |
| Common SharesF1 | Jul 17, 2017 | J | 94,735,489 | $0.00 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On July 17, 2017, JBG SMITH Properties (the "Issuer"), a wholly-owned subsidiary of Vornado Realty Trust ("Vornado"), issued 94,734,489 Common Shares to Vornado as consideration for the contribution by Vornado of 94,735,489 common limited partnership units in JBG SMITH Properties LP to the Issuer in connection with the spin-off (the "Spin-Off") of the Issuer from Vornado. Immediately following such issuance by the Issuer, Vornado distributed 100% of the outstanding Common Shares to holders of record as of the close of business on July 7, 2017 of Vornado common shares, on a pro rata basis based on a ratio of one Common Share for every two Vornado common shares.
- F2Includes 1,000 Common Shares previously reflected as directly held by Vornado.