AGREE REALTY CORP — Director's Dealing 2011

Sep 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGREE REALTY CORP (ADC)
CIK: 0000917251
Period of Report: 2011-09-20

Reporting Person: AGREE RICHARD (Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-20	Common Stock $0.0001 Par Value	P	2000	$21.3	Acquired	286702	Indirect
2011-09-20	Common Stock $0.0001 Par Value	P	1483	$21.28	Acquired	288185	Indirect
2011-09-20	Common Stock $0.0001 Par Value	P	230	$21.22	Acquired	288415	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.