X0306 4 2018-07-03 0 0001476204 Phillips Edison & Company, Inc. NONE 0001548380 Addy Robert Mark 11501 NORTHLAKE DRIVE CINCINNATI OH 45249 0 1 0 0 Executive Vice President OP Units 2018-07-03 4 J 0 256 11.05 A Common Stock 256 212328.93 D OP Units 2018-07-03 4 J 0 256 11.05 D Common Stock 256 52335.69 I Held by PELP OP Units 2018-09-10 4 J 0 6828.73 11.05 A Common Stock 6828.73 219157.66 D OP Units 2018-09-10 4 J 0 6828.73 11.05 D Common Stock 6828.73 45506.96 I Held by PELP Reflects common units of limited partnership interest ("OP Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP") acquired by the Reporting Person as a distribution from Phillips Edison Limited Partnership ("PELP") in connection with the first annual vesting of Class C Units in PELP, which vest in four equal annual installments beginning on January 1, 2018. OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date. Reflects 256 OP Units distributed by PELP to the Reporting Person in the line above. Reflects OP Units acquired by the Reporting Person as a distribution from PELP in connection with the Reporting Person's interest in OP Units which (i) were converted from Class B Units of limited partnership interests in PECO I OP and (ii) are being held by PELP until two years from the date the Class B Units were issued. Reflects 6,828.73 OP Units distributed by PELP to the Reporting Person in the line above. /s/ Matthew Schoenfeld, Attorney-in-Fact 2018-09-12