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

Dec 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Broadstone Net Lease, Inc. (BNL)
CIK: 0001424182
Period of Report: 2020-11-30

Reporting Person: TAIT AMY L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-30	Common Stock	G	604097	$0.00	Disposed	0	Direct
2020-11-30	Common Stock	G	604097	$0.00	Acquired	832071	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-30	OP Units	$	J	149827	Acquired		Common Stock (149827)	Direct
2020-11-30	OP Units	$	J	99885	Acquired		Common Stock (99885)	Indirect
2020-11-30	OP Units	$	J	499423	Acquired		Common Stock (499423)	Indirect
2020-11-30	OP Units	$	J	1997694	Disposed		Common Stock (1997694)	Indirect

Holdings (Non-Derivative)

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

Holdings (Derivative)

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

Footnotes

F1: On November 30, 2020, pursuant to a transaction exempt from section 16(b) under Rule 16b-5 and for estate planning purposes, the reporting person transferred these shares of common stock to a limited liability company with respect to which the reporting person and her spouse have shared voting and investment power.

F2: Securities held by a family limited liability company with respect to which the reporting person has shared voting and investment power.

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

F5: Securities held by irrevocable trust for benefit of reporting person's child.

F6: 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.

F7: Includes 149,827 OP Units received as a distribution, made for estate planning purposes, from a limited liability company with respect to which the reporting person has shared voting and investment power. In prior Forms 4, the reporting person reported beneficial ownership of 1,997,694 OP Units held by such limited liability company. As a result of the distributions reported on this Form 4, including the distribution of the OP units to the reporting person, 99,885 OP Units to the reporting person's spouse and 499,423 OP Units to a family limited liability company for which beneficial ownership is attributable to the reporting person, and distributions to other interest holders of the limited liability company, such limited liability company no longer holds any OP Units.

F8: These OP Units are fully vested.