SEC Form 4 · accession 0000751364-17-000040
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 13, 2017
Accepted (ET)
Feb 15, 2017 · 4:19 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 13, 2017 | A | 6,929 | $44.54 | A | 120,931 | D | |
| Common StockF2 | Feb 13, 2017 | A | 13,858 | $44.54 | A | 134,789 | D | |
| Common StockF3 | Feb 13, 2017 | D | 1,050 | $0.00 | D | 133,739 | D | |
| Preferred Shares | holding | — | — | — | 2,550 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The shares will vest 25% annually beginning in 2018 through 2021. The Reporting Person has voting and dividend rights on all of these shares, including unvested shares.
- F2Shares will vest on January 1, 2020 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.