0001209191-20-022379.txt : 20200402
0001209191-20-022379.hdr.sgml : 20200402
20200402113425
ACCESSION NUMBER: 0001209191-20-022379
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200331
FILED AS OF DATE: 20200402
DATE AS OF CHANGE: 20200402
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TAIT AMY L
CENTRAL INDEX KEY: 0001142301
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-55774
FILM NUMBER: 20767831
MAIL ADDRESS:
STREET 1: C/O HOME PROPERTIES
STREET 2: 850 CLINTON SQUARE
CITY: ROCHESTER
STATE: NY
ZIP: 14604
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Broadstone Net Lease, Inc.
CENTRAL INDEX KEY: 0001424182
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 000000000
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 800 CLINTON SQUARE
CITY: Rochester
STATE: NY
ZIP: 14604
BUSINESS PHONE: 585-287-6500
MAIL ADDRESS:
STREET 1: 800 CLINTON SQUARE
CITY: Rochester
STATE: NY
ZIP: 14604
FORMER COMPANY:
FORMER CONFORMED NAME: Broadstone Net Lease Inc
DATE OF NAME CHANGE: 20080116
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-03-31
0
0001424182
Broadstone Net Lease, Inc.
NA
0001142301
TAIT AMY L
800 CLINTON SQUARE
ROCHESTER
NY
14604
1
0
0
0
Common Stock
2020-03-31
4
A
0
393.75
0.00
A
270117.781
D
Common Stock
2020-03-31
5
G
0
E
60000
0.00
D
210117.781
D
Common Stock
2020-03-31
5
G
0
E
60000
0.00
D
150117.781
D
Common Stock
2020-03-31
5
G
0
E
60000
0.00
A
62353
I
By Trust
Common Stock
2020-03-31
5
G
0
E
60000
0.00
A
62353
I
By Trust
Common Stock
13953.931
I
By Spouse
Common Stock
31925
I
By Limited Liability Company
Common Stock
56993.653
I
By Family Limited Liability Company
OP Units
Common Stock
289326.86
289326.86
D
OP Units
Common Stock
499423.59
499423.59
I
By Limited Liability Company
OP Units
Common Stock
9201.32
9201.32
I
By Trust
OP Units
Common Stock
9201.32
9201.32
I
By Trust
On March 31, 2020, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person 393.750 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 directors are entitled to receive an annual retainer (payable quarterly). In addition, the chairperson of the board, the lead independent director, and the chairperson and members of each of the Issuer's audit, compensation, nominating and corporate governance, and real estate investment committees are entitled to receive an annual stipend (payable quarterly). Pursuant to the Policy, directors may elect to receive all or a portion of 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 stipend.
These securities are owned directly by the reporting person.
On March 31, 2020, pursuant to a transaction exempt from Section 16(b) under Rule 16b-5, the reporting person transferred these shares of common stock to an irrevocable trust for the benefit of the reporting person's child.
Securities held by irrevocable trust for benefit of reporting person's child.
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.
Securities held by a limited liability company with respect to which the reporting person and her spouse have shared voting and investment power.
Securities held by a family limited liability company with respect to which the reporting person has shared voting and investment power.
Represents membership units of Broadstone Net Lease, LLC (the "OP"), a subsidiary and the operating company of the Issuer ("OP Units"). OP Units are exchangeable by the reporting person for shares of Common Stock of the Issuer on a one-for-one basis.
Consists of OP Units received in connection with the closing of the internalization of the functions previously performance for the Issuer by Broadstone Real Estate LLC. These OP Units are fully vested.
/s/ John D. Moragne, as Attorney-in-fact
2020-04-02