X0306 4 2016-06-16 0 0001528985 Inland Real Estate Income Trust, Inc. n/a 0001444690 Daniels Lee A 2901 BUTTERFIELD ROAD OAK BROOK IL 60523 1 0 0 0 Restricted Share Units 0 2016-06-16 4 A 0 1108.647 0 A Common Stock 1108.647 1108.647 D Restricted share units ("RSU") granted to Mr Daniels pursuant to the Issuer's Employee & Director Restricted Share Plan. Each RSU represents the right to receive 1 share of the Issuer's common stock & an amount equal to the cash value of the dividends that would have been paid to the reporting person if 1 share of common stock had been issued on the grant date for each RSU granted to the reporting person under this award.These RSUs were issued on account of his service as a non-employee director of the Issuer & without additional consideration. The RSUs become vested in equal installments of 33-1/3% on 6/16/17, 6/16/18 & 6/16/19, subject to the reporting person's continued service to the Issuer; provided that 100% of any then unvested RSUs becomes fully vested upon the consummation of a liquidity event. The RSUs will be settled in shares of common stock on the earliest of:6/1/20, upon the reporting person's death, upon the reporting person's disability, upon the reporting person's separation from service or upon a change in control event. /s/ Roberta S. Matlin, Attorney-in-fact 2016-06-20