Global Net Lease, Inc. 4
4 · Global Net Lease, Inc. · Filed Apr 5, 2017
Insider Transaction Report
Form 4
Bowman Scott J.
Chief Executive Officer
Transactions
- Conversion
Common Stock
2017-04-03+31,956→ 42,330 total - Conversion
OP Units
2017-04-03−31,956→ 0 total→ Common Stock (31,956 underlying)
Footnotes (2)
- [F1]On April 3, 2017, the reporting person redeemed 31,956 units of limited partnership interest ("OP Units") in Global Net Lease Operating Partnership, L.P. (the "Operating Partnership") in exchange for 31,956 shares of common stock of Global Net Lease, Inc. (the "Company") in accordance with the terms and conditions of the limited partnership agreement of the Operating Partnership.
- [F2]OP Units are exchangeable for cash or, at the option of the Operating Partnership, shares of the Company's common stock on a one-to-one basis. OP Units are exchangeable, except under certain limited circumstances, beginning one year from the date of issuance, which includes the holding period of any units that were converted into OP Units, and have no expiration date.