Edward M. Weil Jr. - Jun 18, 2021 Form 4 Insider Report for Global Net Lease, Inc. (GNL)

Role
Director
Signature
/s/ Edward M. Weil, Jr.
Stock symbol
GNL
Transactions as of
Jun 18, 2021
Transactions value $
$0
Form type
4
Date filed
6/22/2021, 08:00 PM
Previous filing
Jun 16, 2021
Next filing
Jun 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GNL Common Stock Conversion of derivative security +2.14M 2.14M Jun 18, 2021 See footnote F1, F3, F4
transaction GNL Common Stock Other -2.14M -100% 0 Jun 18, 2021 See footnote F2, F3, F4
transaction GNL Common Stock Other +67.7K +307.26% 89.7K Jun 18, 2021 Direct F2
holding GNL Common Stock 19.4K Jun 18, 2021 See footnote F3, F5
holding GNL Common Stock 16.5K Jun 18, 2021 See footnote F3, F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GNL OP Units Conversion of derivative security -2.14M -100% 0 Jun 18, 2021 Common Stock 2.14M $0.00 See footnote F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Units of limited partnership interest designated as "OP Units" ("OP Units") in Global Net Lease Operating Partnership, L.P. (the "OP"), the operating partnership of Global Net Lease, Inc. (the "Company"), may be redeemed on a one-for-one basis for, at the Company's election, a share of the Company's common stock or the cash equivalent thereof for each OP Unit. On June 17, 2021, Global Net Lease Advisors, LLC (the "Advisor"), the external advisor to the Company, exercised its right to redeem its 2,135,496 OP Units. On the same day, the Company's board of directors elected to satisfy the OP's redemption obligation by issuing shares of the Company's common stock to the Advisor. The shares were issued to the Advisor on June 18, 2021.
F2 Also on June 18, 2021, the Advisor distributed these shares to the direct or indirect interest holders of the Advisor, including the ultimate equity owner of the Advisor, and the ultimate equity owner of the Advisor, in turn, distributed 67,653 of these shares to the reporting person, representing the reporting person's proportionate interest with respect to his non-controlling equity interest in the ultimate equity owner of the Advisor. For purposes of the distribution the shares were valued at $19.00 per share.
F3 The reporting person holds a non-controlling interest in AR Capital, LLC ("AR Capital") and in the entities that own and control the Advisor, which include AR Global Investments, LLC ("AR Global"), and he is also the chief executive officer of AR Global. The reporting person disclaims beneficial ownership of the securities held by AR Capital, AR Global and the Advisor except to the extent of his pecuniary interest therein.
F4 Held directly by the Advisor.
F5 Held directly by AR Global
F6 Held directly by AR Capital.