0001144204-18-039391.txt : 20180723
0001144204-18-039391.hdr.sgml : 20180723
20180723172122
ACCESSION NUMBER: 0001144204-18-039391
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180719
FILED AS OF DATE: 20180723
DATE AS OF CHANGE: 20180723
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Weil Edward M Jr.
CENTRAL INDEX KEY: 0001490448
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37390
FILM NUMBER: 18965156
MAIL ADDRESS:
STREET 1: C/O AMERICAN REALTY CAPITAL 405 PARK AVE
CITY: NEW YORK
STATE: NY
ZIP: 10022
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Global Net Lease, Inc.
CENTRAL INDEX KEY: 0001526113
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 452771978
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 405 PARK AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 212-415-6500
MAIL ADDRESS:
STREET 1: 405 PARK AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10022
FORMER COMPANY:
FORMER CONFORMED NAME: American Realty Capital Global Trust, Inc.
DATE OF NAME CHANGE: 20120810
FORMER COMPANY:
FORMER CONFORMED NAME: American Realty Capital Global Daily Net Asset Value Trust, Inc.
DATE OF NAME CHANGE: 20111014
FORMER COMPANY:
FORMER CONFORMED NAME: American Realty Capital Global Trust, Inc.
DATE OF NAME CHANGE: 20110719
4
1
tv498945_4.xml
OWNERSHIP DOCUMENT
X0306
4
2018-07-19
0
0001526113
Global Net Lease, Inc.
GNL
0001490448
Weil Edward M Jr.
405 PARK AVENUE, 14TH FLOOR
NEW YORK
NY
10022
1
0
0
0
LTIP Units
0
2018-07-19
4
A
0
2554930
A
Common Stock
2554930
2554930
I
See footnote
Represents units of limited partnership interest designated as "LTIP Units" ("LTIP Units") in Global Net Lease Operating Partnership, L.P. (the "OP"), the operating partnership of Global Net Lease, Inc. (the "Company"), issued to the Company's external advisor, Global Net Lease Advisors, LLC (the "Advisor") under the 2018 Advisor Multi-Year Outperformance Agreement, dated as of July 19, 2018, among the Company, the OP and the Advisor (the "2018 OPP"). These LTIP Units may be earned by the Advisor based on the Company's achievement of threshold, target and maximum performance goals based on the Company's absolute and relative total stockholder return over a performance period commencing on June 2, 2018 and ending on the earliest of (i) June 2, 2021, (ii) the effective date of any Change of Control (as defined in the 2018 OPP) and (iii) the effective date of any termination of the Advisor's service as advisor of the Company.
LTIP Units earned as of the last day of the performance period will also become vested as of that date. Effective as of that same date, any LTIP Units that are not earned and vested will automatically and without notice be forfeited without the payment of any consideration by the Company or the OP. At the time the Advisor's capital account with respect to an LTIP Unit is economically equivalent to the average capital account balance of a units of limited partnership interest in the OP designated as an "OP Unit" ("OP Units"), the LTIP Unit has been earned and it has been vested for 30 days, the Advisor, in its sole discretion, will be entitled to convert the LTIP Unit into an OP Unit in accordance with the agreement of limited partnership of the OP.
In accordance with, and subject to the terms of, the agreement of limited partnership of the OP, OP Units may be redeemed on a one-for-one basis for, at the Company's election, shares of the Company's common stock or the cash equivalent thereof.
The reporting person is the chief executive officer, and also holds a non-controlling equity interest in, the entities that own and control 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.
/s/ Edward M. Weil, Jr.
2018-07-23