X0306 4 2017-02-14 0 0000726728 REALTY INCOME CORP O 0001490409 Case John 11995 EL CAMINO REAL SAN DIEGO CA 92130 1 1 0 0 CEO & Director Common Stock 2017-02-14 4 A 0 41903 0.0 A 199915 D Common Stock 2017-02-14 4 A 0 32238 0.0 A 232153 D Common Stock 2017-02-14 4 F 0 9102 60.78 D 223051 D Shares granted through an incentive plan; no consideration was paid. Shares vest over 4 years. Represents shares and units awarded as a result of the Company having met certain performance criteria, pursuant to the reporting person's grant of performance shares on April 10, 2014. Fifty percent were issued as common stock that immediately vested. The remaining fifty percent are units subject to time vesting through January 1, 2018. Represents shares automatically withheld upon the issuance of 16,119 shares of common stock on February 14, 2017, which amount is determined based upon the greater of such holder's minimum required tax withholding rate or the highest withholding rate permitted under the rules of the applicable taxing authority for tax withholding. /s/ John Case 2017-02-16