4//SEC Filing
Forman Alan S 4
Accession 0001104659-24-054038
CIK 0001689796other
Filed
Apr 28, 8:00 PM ET
Accepted
Apr 29, 4:15 PM ET
Size
6.8 KB
Accession
0001104659-24-054038
Insider Transaction Report
Form 4
Forman Alan S
Director
Transactions
- Award
LTIP Units
2024-04-25+16,531→ 64,591 total→ Common Shares (16,531 underlying)
Footnotes (2)
- [F1]The reporting person received a grant of limited partnership units of JBG SMITH Properties LP, JBG SMITH Properties' (the "Issuer's") operating partnership (the "OP"), designated as LTIP Units ("LTIP Units") pursuant to the JBG SMITH Properties 2017 Omnibus Share Plan, as amended. These LTIP Units are a class of units in the OP that are convertible at the option of the holder, conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, into an equal number of Operating Partnership Units ("OP Units") in the OP. The resulting OP Units are redeemable by the holder for one common share of the Issuer, par value $0.01 (a "Common Share") per OP Unit or the cash value of a Common Share, at the Issuer's option, after the two year anniversary of the LTIP Units issuance. The LTIP Units will be fully vested on the date of grant but may not be sold while the reporting person serves as a trustee, except in certain circumstances.
- [F2]Mr. Forman was previously an employee of Yale University, or Yale. Pursuant to an arrangement between Yale and Mr. Forman, Yale is entitled to receive, as of or prior to the time Mr. Forman ceases to serve as our trustee, certain equity awards granted to Mr. Forman while employed by Yale.
Documents
Issuer
JBG SMITH Properties
CIK 0001689796
Entity typeother
Related Parties
1- filerCIK 0001309439
Filing Metadata
- Form type
- 4
- Filed
- Apr 28, 8:00 PM ET
- Accepted
- Apr 29, 4:15 PM ET
- Size
- 6.8 KB