SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Tilden Park Management I LLC

(Last) (First) (Middle)
C/O TILDEN PARK CAPITAL MANAGEMENT LP
452 FIFTH AVENUE, 28TH FLOOR

(Street)
NEW YORK NY 10018

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/12/2020
3. Issuer Name and Ticker or Trading Symbol
NETSTREIT Corp. [ NTST ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 2,784,809 I See footnote(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (2) (2) Common Stock 3,797 (3) I See footnote(4)
Explanation of Responses:
1. The 2,784,809 shares of common stock are owned by Tilden Park Investment Master Fund LP (the "Master Fund"), a Cayman Islands exempted limited partnership and an investment client of Tilden Park Management I LLC ("Management I"). Management I has voting rights and investment control over the shares.
2. The restricted stock units (each an "RSU") vest in approximately equal installments on each of the first three anniversaries of December 23, 2019, generally subject to continued service as a director through each applicable vesting date. See footnote 4 for additional information related to the applicable director.
3. Each RSU represents a contingent right to receive one share of common stock.
4. The RSUs are owned by the Master Fund, and Management I would have voting rights and investment control over the shares, once vested. The RSUs were issued to the Master Fund in respect of Mr. David Busker's service as a member of NTST's board of directors. Mr. Busker is an employee of Tilden Park Capital Management LP.
/s/ Samuel Alcoff, Authorized Signatory 08/12/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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