Broadstone Net Lease, Inc. — Director's Dealing 2018

Jan 3, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Broadstone Net Lease, Inc. (NA)
CIK: 0001424182
Period of Report: 2017-12-29

Reporting Person: Watters James H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-12-29	Common Stock	A	231.481	$0.00	Acquired	15403.941	Direct

Footnotes

F1: On December 29, 2017, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person 231.481 shares of the Issuer's common stock pursuant to the Issuer's director compensation and stock ownership policy (the "Policy"). Pursuant to the Policy, the Issuer's independent directors are entitled to receive an annual retainer (payable quarterly) and fees for the attendance at meetings of the Issuer's board of directors and committees of the Issuer's board of directors, and the chairperson of each of the Issuer's independent directors committee, audit committee, and nominating and corporate governance committee are entitled to receive an annual stipend. Pursuant to the Policy, the Issuer's independent directors may elect to receive the annual retainer, fees and stipends in the form of shares of the Issuer's common stock with a value equal to the amount of such retainer, fees and stipends.

F2: Includes 236.338 shares acquired through participation in the Broadstone Net Lease, Inc. Distribution Reinvestment Plan since the reporting person's last report reflecting ownership of Broadstone Net Lease, Inc. common stock. The regular reinvestment of distributions is exempt from reporting pursuant to Rule 16a-11.