TAIT AMY L 4

4 · Broadstone Net Lease, Inc. · Filed Dec 2, 2020

Insider Transaction Report

Form 4

Period: 2020-11-30

Broadstone Net Lease, Inc.BNL

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

OP Units
(indirect: By Trust)
→ Common Stock (36,805 underlying)
36,805
Common Stock
(indirect: By Spouse)
55,815
OP Units
(indirect: By Trust)
→ Common Stock (36,805 underlying)
36,805
Common Stock
(indirect: By Limited Liability Company)
127,700
Common Stock
(indirect: By Trust)
249,412
Common Stock
(indirect: By Trust)
249,412

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

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION