SEC Form 4 · accession 0001104659-19-000799
JBG SMITH Properties · JBGS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Glosserman
Director
Period of report
Jan 2, 2019
Accepted (ET)
Jan 4, 2019 · 4:16 pm EST
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 SharesF1 | Jan 2, 2019 | C | 98,437 | — | A | 98,437 | I | By MG Fund Holdings I, L.L.C. |
| Common SharesF1 | Jan 2, 2019 | C | 95,660 | — | A | 95,660 | I | By MG Fund Holdings II, L.L.C. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OP UnitsF1 | — | Jan 2, 2019 | C | 98,437 | D | — | — | Common Shares | 98,437 | 0 | I |
| OP UnitsF1 | — | Jan 2, 2019 | C | 95,660 | D | — | — | Common Shares | 95,660 | 0 | I |
| OP UnitsF3,F4,F1,F2 | — | holding | — | — | — | — | — | Common Shares | 471,071 | 471,071 | D |
| OP UnitsF1,F5 | — | holding | — | — | — | — | — | Common Shares | 14,117 | 14,117 | I |
Explanation of responses
- F1Each Operating Partnership Unit ("OP Unit") in JBG SMITH Properties LP, the operating partnership of JBG SMITH Properties (the "Issuer"), is redeemable by the holder for one common share of the Issuer, par value $0.01 (a "Common Share"), or the cash value of a Common Share, at the Issuer's option.
- F2216,760 of these OP Units are scheduled to vest in equal monthly installments, beginning on February 1, 2020 and ending on July 1, 2022, subject to the reporting person's continued service on the Issuer's Board of Trustees through each vesting date.
- F3The Form 4 filed for Mr. Glosserman on August 7, 2018 inadvertently reported an additional 3,529 OP Units held by Mr. Glosserman that were owned by JBG Properties, Inc. The number of OP Units reported as directly owned by Mr. Glosserman has been reduced by 3,529 OP Units to correct this error.
- F4The Form 4 filed for Mr. Glosserman on August 7, 2018 inadvertently reported indirect beneficial ownership of 129,683 OP Units though Glosserman Family JBG Operating, L.L.C. and 647 OP Units through Glosser Family Revocable Trust, which are not beneficially owned by Mr. Glosserman.
- F57,058 of these OP Units are scheduled to vest in equal monthly installments, beginning on February 1, 2020 and ending on July 1, 2022, subject to the reporting person's continued service on the Issuer's Board of Trustees through each vesting date.