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Broadstone Net Lease, Inc. — Director's Dealing 2020
Apr 2, 2020
31254_dirs_2020-04-02_31decdd7-e599-4efd-af06-f55806e58c11.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: 2020-03-31
Reporting Person: Khan Agha S (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-03-31 | Common Stock | A | 415.441 | $0.00 | Acquired | 3793.819 | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 147956.08 | Indirect |
| Common Stock | 344436.39 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| OP Units | $ | Common Stock (512359.99) | 512359.99 | Indirect |
Footnotes
F1: On March 31, 2020, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person 415.441 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: 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.
F4: Represents membership units of Broadstone Net Lease, LLC (the "OP"), a subsidiary and the operating company of the Issuer ("OP Units"). OP Units are exchangeable by the reporting person for shares of Common Stock of the Issuer on a one-for-one basis.
F5: Consists of OP Units received in connection with the closing of the internalization of the functions previously performance for the Issuer by Broadstone Real Estate LLC. These OP Units are fully vested.