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