SEC Form 4 · accession 0001209191-18-022336
Broadstone Net Lease, Inc. · BNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James H Watters
Director
Period of report
Mar 29, 2018
Accepted (ET)
Apr 2, 2018 · 3:35 pm EDT
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 | Mar 29, 2018 | A | 494 | $0.00 | A | 16,142 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 29, 2018, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person 493.827 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). In addition, the chairperson of each of the Issuer's independent directors committee, audit committee, and nominating and corporate governance committee and each non-chairperson member of the Issuer's audit committee are entitled to receive an annual stipend. Pursuant to the Policy, the Issuer's independent directors may elect to receive 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 stipends.
- F2Includes 244.58 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.