SEC Form 4 · accession 0000751364-16-000113
NNN REIT, INC. · NNN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher Paul Tessitore
Officer — Executive Officer
Period of report
Feb 16, 2016
Accepted (ET)
Feb 18, 2016 · 4:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000751364
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 16, 2016 | A | 6,610 | $44.70 | A | 120,968 | D | |
| Common StockF2 | Feb 16, 2016 | A | 13,221 | $44.70 | A | 134,189 | D | |
| Common StockF3 | Feb 16, 2016 | D | 3,664 | $0.00 | D | 130,525 | D | |
| Common Stock | Feb 17, 2016 | S | 7,000 | $44.781 | D | 123,525 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares will vest 25% annually beginning in 2017 through 2020. The Reporting Person has voting and dividend rights on all of these shares, including unvested shares.
- F2Shares will vest on January 1, 2019 based upon achieving certain total shareholder returns. The Reporting Person has no dividend or voting rights on these shares until the shares have vested.
- F3Restricted shares forfeited as a result of certain conditions not begin met.