4//SEC Filing
TAIT AMY L 4
Accession 0001209191-20-052864
CIK 0001424182other
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 10:40 AM ET
Size
17.0 KB
Accession
0001209191-20-052864
Insider Transaction Report
Form 4
TAIT AMY L
DirectorSee Remarks
Transactions
- Award
Common Stock
2020-10-01+1,994→ 604,097 total
Holdings
- 249,412(indirect: By Trust)
Common Stock
- 55,815(indirect: By Spouse)
Common Stock
- 36,805(indirect: By Trust)
OP Units
→ Common Stock (36,805 underlying) - 36,805(indirect: By Trust)
OP Units
→ Common Stock (36,805 underlying) - 127,700(indirect: By Limited Liability Company)
Common Stock
- 1,157,307
OP Units
→ Common Stock (1,157,307 underlying) - 1,997,694(indirect: By Limited Liability Company)
OP Units
→ Common Stock (1,997,694 underlying) - 249,412(indirect: By Trust)
Common Stock
- 227,974(indirect: By Family Limited Liability Company)
Common Stock
Footnotes (10)
- [F1]On October 1, 2020, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person 1,994 shares of the Issuer's common stock pursuant to the Issuer's director compensation and stock ownership policy (the "Policy"). Pursuant to the Policy, the Issuer's directors are entitled to receive an annual retainer (payable quarterly). In addition, the chairperson of the board, the lead independent director, and the chairperson and members of each of the Issuer's audit, compensation, nominating and corporate governance, and real estate investment committees are entitled to receive an annual stipend (payable quarterly). Pursuant to the Policy, directors may elect to receive all or a portion of the annual retainer and stipends in the form of shares of the Issuer's common stock with a value equal to the amount of such retainer and stipend.
- [F10]On September 18, 2020, the OP effected a four-for-one split of its OP Units pursuant to which no fractional OP Units were issued (the "Recapitalization"). The amount of OP Units reported on this Form 4 has been adjusted to reflect the Recapitalization.
- [F2]These securities are owned directly by the reporting person.
- [F3]On September 18, 2020, the Issuer effected a four-for-one stock split of its Common Stock and pursuant to which no fractional shares of Common Stock were issued (the "Recapitalization"). The amount of securities reported on this Form 4 has been adjusted to reflect the Recapitalization.
- [F4]Securities held by irrevocable trust for benefit of reporting person's child.
- [F5]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for any purpose.
- [F6]Securities held by a limited liability company with respect to which the reporting person and her spouse have shared voting and investment power.
- [F7]Securities held by a family limited liability company with respect to which the reporting person has shared voting and investment power.
- [F8]Represents membership units of Broadstone Net Lease, LLC (the "OP"), a subsidiary and the operating company of the Issuer ("OP Units"). OP Units are redeemable by the reporting person and, at the Issuer's discretion, can be settled in cash or shares of Common Stock of the Issuer on a one-for-one basis.
- [F9]These OP Units are fully vested.
Documents
Issuer
Broadstone Net Lease, Inc.
CIK 0001424182
Entity typeother
Related Parties
1- filerCIK 0001142301
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 10:40 AM ET
- Size
- 17.0 KB