NNN REIT, INC. — Director's Dealing 2016

Feb 18, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL RETAIL PROPERTIES, INC. (NNN)
CIK: 0000751364
Period of Report: 2016-02-16

Reporting Person: HABICHT KEVIN B (Director, EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-16	Common Stock	A	10187	$44.70	Acquired	184659	Direct
2016-02-16	Common Stock	A	20374	$44.70	Acquired	205033	Direct
2016-02-16	Common Stock	S	12261	$44.5404	Disposed	192772	Direct
2016-02-16	Common Stock	D	5700	—	Disposed	187072	Direct
2016-02-17	Common Stock	G	8200	$44.78	Disposed	178872	Direct

Footnotes

F1: The shares will vest 25% annually beginning in 2017 through 2020. The Reporting Person has voting and dividend rights on all of these shares, including unvested shares.

F2: Shares will vest on January 1, 2019 based upon achieving certain total shareholder returns. The Reporting Person has no dividend or voting rights on these shares until the shares have vested.

F3: Restricted shares forfeited as a result of certain conditions not begin met.