4//SEC Filing
Nelson James Larry 4
Accession 0001104659-21-084295
CIK 0001526113other
Filed
Jun 21, 8:00 PM ET
Accepted
Jun 22, 8:00 PM ET
Size
11.5 KB
Accession
0001104659-21-084295
Insider Transaction Report
Form 4
Nelson James Larry
DirectorCEO and President
Transactions
- Conversion
OP Units
2021-06-18−2,135,496→ 0 total(indirect: See footnote)Exercise: $0.00→ Common Stock (2,135,496 underlying) - Conversion
Common Stock
2021-06-18+2,135,496→ 2,135,496 total(indirect: See footnote) - Sale
Common Stock
2021-06-21$18.47/sh−106,774$1,972,116→ 28,300 total
Footnotes (4)
- [F1]Units of limited partnership interest designated as "OP Units" ("OP Units") in Global Net Lease Operating Partnership, L.P. (the "OP"), the operating partnership of Global Net Lease, Inc. (the "Company"), may be redeemed on a one-for-one basis for, at the Company's election, a share of the Company's common stock or the cash equivalent thereof for each OP Unit. On June 17, 2021, Global Net Lease Advisors, LLC (the "Advisor"), the external advisor to the Company, exercised its right to redeem its 2,135,496 OP Units.
- [F2]On the same day, the Company's board of directors elected to satisfy the OP's redemption obligation by issuing shares of the Company's common stock to the Advisor. The shares were issued to the Advisor on June 18, 2021. Also on June 18, 2021, the Advisor distributed these shares to the direct or indirect interest holders of the Advisor, including the reporting person. Accordingly, the amount of securities beneficially owned directly by the reporting person following the reported transaction gives effect to 106,774 shares received in this distribution, representing the reporting person's proportionate interest with respect to his non-controlling profits interest in the Advisor.
- [F3]Held directly by the Advisor. The reporting person is the chief executive officer and president of, and also holds a non-controlling profits interest in, the Advisor. The reporting person disclaims beneficial ownership of the securities beneficially owned by the Advisor except to the extent of his pecuniary interest therein.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.475 to $18.4632, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. These sales were completed for the reporting person's tax and estate planning purposes.
Documents
Issuer
Global Net Lease, Inc.
CIK 0001526113
Entity typeother
Related Parties
1- filerCIK 0001424471
Filing Metadata
- Form type
- 4
- Filed
- Jun 21, 8:00 PM ET
- Accepted
- Jun 22, 8:00 PM ET
- Size
- 11.5 KB