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

Apr 2, 2020

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: TAIT AMY L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-31	Common Stock	A	393.75	$0.00	Acquired	270117.781	Direct
2020-03-31	Common Stock	G	60000	$0.00	Disposed	210117.781	Direct
2020-03-31	Common Stock	G	60000	$0.00	Disposed	150117.781	Direct
2020-03-31	Common Stock	G	60000	$0.00	Acquired	62353	Indirect
2020-03-31	Common Stock	G	60000	$0.00	Acquired	62353	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13953.931	Indirect
Common Stock	31925	Indirect
Common Stock	56993.653	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
OP Units	$		Common Stock (289326.86)	289326.86	Direct
OP Units	$		Common Stock (499423.59)	499423.59	Indirect
OP Units	$		Common Stock (9201.32)	9201.32	Indirect
OP Units	$		Common Stock (9201.32)	9201.32	Indirect

Footnotes

F1: On March 31, 2020, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person 393.750 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 March 31, 2020, pursuant to a transaction exempt from Section 16(b) under Rule 16b-5, the reporting person transferred these shares of common stock to an irrevocable trust for the benefit of the reporting person's child.

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 exchangeable by the reporting person for shares of Common Stock of the Issuer on a one-for-one basis.

F9: 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.