AGREE REALTY CORP — Director's Dealing 2019

Dec 17, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AGREE REALTY CORP (ADC)
CIK: 0000917251
Period of Report: 2019-12-13

Reporting Person: AGREE RICHARD (Director, Executive Chairman of Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-16	Common Shares	P	12000	$68.44	Acquired	436613	Direct
2019-12-13	Common Shares	P	10000	$68.19	Acquired	69596	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	39600	Indirect

Footnotes

F1: The price represents the weighted average price of the multiple transactions reported on this line. The shares were purchased at prices ranging from $68.05 to $68.59 per share. Upon request by the SEC staff, the issuer or any securityholder of the issuer, the reporting person will provide full information regarding the number of shares purchased at each separate price.

F2: These shares are owned by irrevocable trusts for his children.

F3: The price represents the weighted average price of the multiple transactions reported on this line. Upon request by the SEC staff, the issuer or any securityholder of the issuer, the reporting person will provide full information regarding the number of shares purchased at each separate price.