SEC Form 4 · accession 0001209191-18-000573
Broadstone Net Lease, Inc. · BNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shekar Narasimhan
Director
Period of report
Dec 29, 2017
Accepted (ET)
Jan 3, 2018 · 12:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001424182
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Dec 29, 2017 | A | 219 | $0.00 | A | 12,517 | I | By Beekman Advisors, Inc. |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 29, 2017, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person 219.136 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 independent directors are entitled to receive an annual retainer (payable quarterly) and fees for the attendance at meetings of the Issuer's board of directors and committees of the Issuer's board of directors, and the chairperson of each of the Issuer's independent directors committee, audit committee, and nominating and corporate governance committee are entitled to receive an annual stipend. Pursuant to the Policy, the Issuer's independent directors may elect to receive the annual retainer, fees and stipends in the form of shares of the Issuer's common stock with a value equal to the amount of such retainer, fees and stipends.
- F2Includes 191.416 shares acquired through participation in the Broadstone Net Lease, Inc. Distribution Reinvestment Plan since the reporting person's last report reflecting ownership of Broadstone Net Lease, Inc. common stock. The regular reinvestment of distributions is exempt from reporting pursuant to Rule 16a-11.
- F3The reported securities are owned by Beekman Advisors, Inc., of which the reporting person is the Managing Partner. 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.