X0306 4 2017-09-29 0 0001424182 Broadstone Net Lease, Inc. NA 0001191856 JACOBSTEIN DAVID M 800 CLINTON SQUARE ROCHESTER NY 14604 1 0 0 0 Common Stock 2017-09-29 4 A 0 209.375 0.00 A 209.375 D Common Stock 4189.824 I By Trust On September 29, 2017, Broadstone Net Lease, Inc. (the "Issuer") granted the reporting person 209.375 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 independent directors are entitled to receive an annual retainer (payable quarterly) and fees for the attendance at meetings of the Issuer's board of directors and committees of the Issuer's board of directors, and the chairperson of each of the Issuer's independent directors committee, audit committee, and nominating and corporate governance committee are entitled to receive an annual stipend. Pursuant to the Policy, the Issuer's independent directors may elect to receive the annual retainer, fees and stipends in the form of shares of the Issuer's common stock with a value equal to the amount of such retainer, fees and stipends. Shares of common stock owned of record by a trust account in the account of the reporting person. John D. Moragne, as Attorney-in-fact 2017-10-02