4//SEC Filing
TAIT AMY L 4
Accession 0001209191-20-061172
CIK 0001424182other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 4:30 PM ET
Size
24.0 KB
Accession
0001209191-20-061172
Insider Transaction Report
Form 4
TAIT AMY L
DirectorSee Remarks
Transactions
- Gift
Common Stock
2020-11-30−604,097→ 0 total - Other
OP Units
2020-11-30+149,827→ 1,307,134 total→ Common Stock (149,827 underlying) - Other
OP Units
2020-11-30+99,885→ 99,885 total(indirect: By Spouse)→ Common Stock (99,885 underlying) - Other
OP Units
2020-11-30−1,997,694→ 0 total(indirect: By Limited Liability Company)→ Common Stock (1,997,694 underlying) - Gift
Common Stock
2020-11-30+604,097→ 832,071 total(indirect: By Family Limited Liability Company) - Other
OP Units
2020-11-30+499,423→ 499,423 total(indirect: By Family Limited Liability Company)→ Common Stock (499,423 underlying)
Holdings
- 36,805(indirect: By Trust)
OP Units
→ Common Stock (36,805 underlying) - 55,815(indirect: By Spouse)
Common Stock
- 36,805(indirect: By Trust)
OP Units
→ Common Stock (36,805 underlying) - 127,700(indirect: By Limited Liability Company)
Common Stock
- 249,412(indirect: By Trust)
Common Stock
- 249,412(indirect: By Trust)
Common Stock
Footnotes (8)
- [F1]On November 30, 2020, pursuant to a transaction exempt from section 16(b) under Rule 16b-5 and for estate planning purposes, the reporting person transferred these shares of common stock to a limited liability company with respect to which the reporting person and her spouse have shared voting and investment power.
- [F2]Securities held by a family limited liability company with respect to which the reporting person has shared voting and investment power.
- [F3]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.
- [F4]Securities held by a limited liability company with respect to which the reporting person and her spouse have shared voting and investment power.
- [F5]Securities held by irrevocable trust for benefit of reporting person's child.
- [F6]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.
- [F7]Includes 149,827 OP Units received as a distribution, made for estate planning purposes, from a limited liability company with respect to which the reporting person has shared voting and investment power. In prior Forms 4, the reporting person reported beneficial ownership of 1,997,694 OP Units held by such limited liability company. As a result of the distributions reported on this Form 4, including the distribution of the OP units to the reporting person, 99,885 OP Units to the reporting person's spouse and 499,423 OP Units to a family limited liability company for which beneficial ownership is attributable to the reporting person, and distributions to other interest holders of the limited liability company, such limited liability company no longer holds any OP Units.
- [F8]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
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 4:30 PM ET
- Size
- 24.0 KB