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NNN REIT, INC. Director's Dealing 2010

May 20, 2010

30741_dirs_2010-05-20_d6514ab5-dc6c-402f-8dbe-1bf9c47e095e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL RETAIL PROPERTIES, INC. (NNN)
CIK: 0000751364
Period of Report: 2010-05-20

Reporting Person: LANIER TED B (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-05-20 Common Stock M 2500.00 $11.1500 Acquired 52713 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-05-20 Stock Option $11.15 M 2500.00 Acquired 2011-02-15 Common Stock (2500.00) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 14000 Indirect
Common Stock 5000 Indirect