Broadstone Net Lease, Inc. — Director's Dealing 2020

Oct 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Broadstone Net Lease, Inc. (BNL)
CIK: 0001424182
Period of Report: 2020-10-01

Reporting Person: TAIT AMY L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-01	Common Stock	A	1994	$0.00	Acquired	604097	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	249412	Indirect
Common Stock	249412	Indirect
Common Stock	55815	Indirect
Common Stock	127700	Indirect
Common Stock	227974	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
OP Units	$		Common Stock (1157307)	1157307	Direct
OP Units	$		Common Stock (1997694)	1997694	Indirect
OP Units	$		Common Stock (36805)	36805	Indirect
OP Units	$		Common Stock (36805)	36805	Indirect

Footnotes

F1: On October 1, 2020, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person 1,994 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 directors are entitled to receive an annual retainer (payable quarterly). In addition, the chairperson of the board, the lead independent director, and the chairperson and members of each of the Issuer's audit, compensation, nominating and corporate governance, and real estate investment committees are entitled to receive an annual stipend (payable quarterly). Pursuant to the Policy, directors may elect to receive all or a portion of the annual retainer and stipends in the form of shares of the Issuer's common stock with a value equal to the amount of such retainer and stipend.

F2: These securities are owned directly by the reporting person.

F3: On September 18, 2020, the Issuer effected a four-for-one stock split of its Common Stock and pursuant to which no fractional shares of Common Stock were issued (the "Recapitalization"). The amount of securities reported on this Form 4 has been adjusted to reflect the Recapitalization.

F4: Securities held by irrevocable trust for benefit of reporting person's child.

F5: 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 any purpose.

F6: Securities held by a limited liability company with respect to which the reporting person and her spouse have shared voting and investment power.

F7: Securities held by a family limited liability company with respect to which the reporting person has shared voting and investment power.

F8: Represents membership units of Broadstone Net Lease, LLC (the "OP"), a subsidiary and the operating company of the Issuer ("OP Units"). OP Units are redeemable by the reporting person and, at the Issuer's discretion, can be settled in cash or shares of Common Stock of the Issuer on a one-for-one basis.

F9: These OP Units are fully vested.

F10: On September 18, 2020, the OP effected a four-for-one split of its OP Units pursuant to which no fractional OP Units were issued (the "Recapitalization"). The amount of OP Units reported on this Form 4 has been adjusted to reflect the Recapitalization.