Darrell W. Crate - 25 Jun 2021 Form 4 Insider Report for Easterly Government Properties, Inc. (DEA)

Role
Chairman, Director
Signature
/s/ Franklin V. Logan, Attorney-in-fact for Darrell W. Crate
Issuer symbol
DEA
Transactions as of
25 Jun 2021
Net transactions value
-$107,000
Form type
4
Filing time
29 Jun 2021, 17:13:15 UTC
Previous filing
14 Jun 2021
Next filing
14 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DEA Common Stock Conversion of derivative security $0 +5,000 +139% $0.000000 8,601 25 Jun 2021 By Easterly Capital LLC F1
transaction DEA Common Stock Sale $107,000 -5,000 -58% $21.40 3,601 25 Jun 2021 By Easterly Capital LLC F2, F3
holding DEA Common Stock 7,428 25 Jun 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DEA Common Units Conversion of derivative security $0 -5,000 -0.76% $0.000000 654,839 25 Jun 2021 Common Stock 5,000 By Easterly Capital LLC F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 5,000 common units of limited partnership interest ("Common Units") in Easterly Government Properties LP (the "Partnership"), of which the Issuer is the sole general partner, were 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 through Easterly Capital LLC, an entity controlled by the Reporting Person, on March 12, 2021.
F3 Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $21.09 to $21.50 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 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.

Remarks:

See Exhibit 24.1 - Power of Attorney