REALTY INCOME CORP — Director's Dealing 2012

May 8, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: REALTY INCOME CORP (O)
CIK: 0000726728
Period of Report: 2012-05-08

Reporting Person: MERRIMAN RONALD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-08	Common Stock	A	4000	—	Acquired	16416	Direct
2012-05-08	Common Stock	F	1467	$39.44	Disposed	14949	Direct

Footnotes

F1: Shares granted through an incentive plan; no consideration was paid.

F2: Mr. Merriman has elected to satisfy the tax withholding obligation upon the vesting of shares by having the Company withhold shares equal to the amount of the minimum estimated statutory withholding obligation.