NNN REIT, INC. — Director's Dealing 2012

Feb 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL RETAIL PROPERTIES, INC. (NNN)
CIK: 0000751364
Period of Report: 2012-01-31

Reporting Person: DEFOSSET DON (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-31	Common Stock	A	225	$27.21	Acquired	22018	Direct
2012-01-31	Common Stock	A	735	$27.21	Acquired	22753	Direct

Footnotes

F1: Reflects the deferral under the Company's Deferred Fee Plan and conversion into stock units of compensation otherwise payable for Board and Committee services.

F2: Shares were acquired pursuant to a stock award under the National Retail Properties 2000 Performance Incentive Plan in a transaction 16-b.