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Broadstone Net Lease, Inc. — Director's Dealing 2020
Jan 3, 2020
31254_dirs_2020-01-03_30a53cdb-f6ce-47e8-a9b4-3af6d1bde7ee.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Broadstone Net Lease, Inc. (NA)
CIK: 0001424182
Period of Report: 2019-12-31
Reporting Person: NARASIMHAN SHEKAR (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-12-31 | Common Stock | A | 411.765 | $0.00 | Acquired | 16531.062 | Indirect |
Footnotes
F1: On December 31, 2019, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person (a) 205.882 shares of the Issuer's common stock pursuant to the Issuer's director compensation and stock ownership policy (the "Policy") and (b) 205.883 shares of the Issuer's common stock in connection with the reporting person's service on a special committee of the Issuer's board of directors. Pursuant to the Policy, the Issuer's independent directors are entitled to receive an annual retainer (payable quarterly). In addition, the chairperson of each of the Issuer's independent directors committee, audit committee, and nominating and corporate governance committee and each non-chairperson member of the Issuer's audit committee are entitled to receive an annual stipend. Pursuant to the Policy, the Issuer's independent directors may elect to receive 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 stipends
F2: Includes 251.676 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.
F3: The reported securities are owned by Beekman Advisors, Inc., of which the reporting person is the Managing Partner. 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.