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Filing Details

Accession Number:: 0001209191-22-019024
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-03-15 21:02:08
Reporting Period:: 2022-03-11

Accepted Time:: 2022-03-15 21:02:08
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1622194	Easterly Government Properties Inc.	DEA	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1201028	W Darrell Crate	C/O Easterly Government Properties, Inc. 2001 K Street Nw, Suite 775 North Washington DC 20006	Chairman	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2022-03-11	19,594	$0.00	27,022	No	4	C	Direct
Common Stock	Disposition	2022-03-11	19,594	$21.00	7,428	No	4	S	Direct
Common Stock	Acquisiton	2022-03-11	135,406	$0.00	135,406	No	4	C	Indirect	By Easterly Capital LLC
Common Stock	Disposition	2022-03-11	135,406	$21.11	0	No	4	S	Indirect	By Easterly Capital LLC
Common Stock	Acquisiton	2022-03-14	10,000	$0.00	17,428	No	4	C	Direct
Common Stock	Disposition	2022-03-14	10,000	$20.81	7,428	No	4	S	Direct
Common Stock	Acquisiton	2022-03-15	3,751	$0.00	11,179	No	4	C	Direct
Common Stock	Disposition	2022-03-15	10,406	$20.94	773	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	S	Direct
No	4	C	Indirect	By Easterly Capital LLC
No	4	S	Indirect	By Easterly Capital LLC
No	4	C	Direct
No	4	S	Direct
No	4	C	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	LTIP Units	Disposition	2022-03-11	13,754	$0.00	13,754	$0.00
Common Stock	LTIP Units	Disposition	2022-03-11	5,840	$0.00	5,840	$0.00
Common Stock	Common Units	Disposition	2022-03-11	135,406	$0.00	135,406	$0.00
Common Stock	LTIP Units	Disposition	2022-03-14	10,000	$0.00	10,000	$0.00
Common Stock	LTIP Units	Disposition	2022-03-15	3,751	$0.00	3,751	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	No	4	C	Direct
38,166	No	4	C	Direct
500,000	No	4	C	Indirect
28,166	No	4	C	Direct
24,415	No	4	C	Direct

Footnotes

19,594 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 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").
These shares were all sold at a price of $21.00 per share.
135,406 Common Units were redeemed for an equal number of shares of Common Stock.
Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $21.00 to $21.17 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.
10,000 LTIP Units were exchanged for an equal number of Common Units, which were subsequently redeemed for an equal number of shares of Common Stock.
Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $20.75 to $20.88 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.
3,751 LTIP Units were exchanged for an equal number of Common Units, which were subsequently redeemed for an equal number of shares of Common Stock.
Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $20.85 to $21.01 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.
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, which were earned based on the Issuer's performance from January 4, 2018 through December 31, 2019.
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.
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, which were earned based on the Issuer's performance from January 2, 2019 through December 31, 2021.
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. These redemption rights have no expiration date.