SEC Form 4 · accession 0001144204-18-060585

Global Net Lease, Inc. · GNL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Table I — non-derivative securities

Table II — derivative securities

Explanation of responses

• F1Represents shares of common stock of Global Net Lease, Inc. (the "Company"), issued to the Company's external advisor, Global Net Lease Advisors, LLC (the "Advisor"), pursuant to the terms of the Company's advisory agreement with the Advisor (as amended, the "Advisory Agreement") as the stock portion ($184,018.17 out of the $368,036.34 in total) of the Incentive Compensation (as defined in the Advisory Agreement) earned by the Advisor pursuant to the Advisory Agreement for the three months ended September 30, 2018.
• F2Pursuant to the Advisory Agreement, 50% of the amount of any Incentive Compensation earned by the Advisor is payable in shares of common stock based on the average of the closing price of common stock on the five Business Days (as defined in the Advisory Agreement) prior to the date of issuance (the "Issuance Price") with the other 50% payable in cash. Pursuant to the requirements of the Advisory Agreement, the Advisor has agreed not to offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, one-third of these shares no earlier than the first anniversary of the date of issuance, one-third of these shares no earlier than the second anniversary of the date of issuance, and the remaining one-third of these shares no earlier than the third anniversary of the date of issuance.
• F3Represents the Issuance Price.
• F4The reporting person is the chief executive officer and president of, and also holds a non-controlling profit interest in, the Advisor, which owns the reported securities. The reporting person disclaims beneficial ownership of the securities reported on this Form 4 except to the extent of his pecuniary interest therein.