Form Type: 4

SEC EDGAR Link
Accession Number:0000899243-19-026680
Date:2019-11-01
Issuer: EASTERLY GOVERNMENT PROPERTIES, INC. (DEA)
Original Submission Date:

Reporting Person:

TRIMBLE WILLIAM C.
C/O EASTERLY GOVERNMENT PROPERTIES, INC.
2101 L STREET NW, SUITE 650 WASHINGTON, DC 20037

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2019-11-01 C 9,000 a $0.00 108,727 direct
COMMON STOCK 2019-11-01 S 9,000 d $22.27 99,727 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
LTIP UNITS 0.0 2019-11-01 deemed execution date C 9,000 (d) common stock 9,000 $0.00 658,636 direct
Footnotes
IDfootnote
f1 9,000 ltip units ("ltip units") in easterly government properties lp (the "partnership"), of which the issuer is the sole general partner, were exchanged for an equal number of common units of limited partnership interest in the operating partnership ("common units"), which were subsequently redeemed for an equal number of shares of the issuer's common stock, par value $0.01 per share ("common stock").
f2 the sale was effected pursuant to a rule 10b5-1 trading plan adopted by the reporting person on march 1, 2019.
f3 represents the weighted average sale price per share. these shares were sold in multiple transactions at prices ranging from $22.25 to $22.33 per share, inclusive. the reporting person undertakes to provide upon request by the u.s. securities and exchange commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
f4 represents ltip units granted as long-term incentive compensation pursuant to the issuer's 2015 equity incentive plan, as amended, subject to certain performance vesting hurdles based on the issuer's performance through december 31, 2017, and which were earned upon determination that the performance vesting hurdles had been achieved. conditioned upon minimum allocations to the capital accounts of the ltip units for federal income tax purposes, each vested ltip unit may be exchanged, at the election of either the holder or the partnership, into a common unit. each common unit may be presented for redemption, at the election of the holder, for cash equal to the fair market value of a share of the issuer's common stock, except that the issuer may elect to acquire each common unit so presented for one share of common stock. ltip units are generally not convertible without the consent of the issuer until two years from the grant date. these redemption rights have no expiration date.
WhaleWisdom Logo

Elevate your investments