W. P. Carey Inc. - 01 Nov 2023 Form 4 Insider Report for Net Lease Office Properties (NLOP)

Role
10%+ Owner
Signature
/s/ Sapna Sanagavarapu, Attorney-in-fact
Issuer symbol
NLOP
Transactions as of
01 Nov 2023
Net transactions value
$0
Form type
4
Filing time
03 Nov 2023, 18:01:32 UTC
Previous filing
06 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NLOP COMMON SHARES Other $0 +14,619,919 +1461992% $0.000000 14,620,919 01 Nov 2023 Direct F1
transaction NLOP COMMON SHARES Other $0 -14,620,919 -100% $0.000000* 0 01 Nov 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

W. P. Carey Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In connection with the spin-off (the "Spin-Off") of the Issuer by W. P. Carey Inc. ("W. P. Carey"), on November 1, 2023, the Issuer issued (the "Issuance") to W. P. Carey, its sole shareholder, 14,620,919 common shares of beneficial interest, par value $0.001 per share, of the Issuer ("Common Shares").
F2 In connection with the Spin-Off and following the Issuance, on November 1, 2023, W. P. Carey distributed 100% of the outstanding Common Shares of the Issuer to the holders of record of W. P. Carey common stock as of the close of business on October 19, 2023, the record date for the Spin-Off.