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Filing Details

Accession Number:: 0001104659-21-084295
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-06-22 20:00:45
Reporting Period:: 2021-06-18

Accepted Time:: 2021-06-22 20:00:45
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1526113	Global Net Lease Inc.	GNL	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1424471	Larry James Nelson	650 Fifth Ave., 30Th Floor New York NY 10019	Ceo And President	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2021-06-18	2,135,496	$0.00	2,135,496	No	4	C	Indirect	See footnote
Common Stock	Disposition	2021-06-21	106,774	$18.47	28,300	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See footnote
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	OP Units	Disposition	2021-06-18	2,135,496	$0.00	2,135,496	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	C	Indirect

Footnotes

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. Also on June 18, 2021, the Advisor distributed these shares to the direct or indirect interest holders of the Advisor, including the reporting person. Accordingly, the amount of securities beneficially owned directly by the reporting person following the reported transaction gives effect to 106,774 shares received in this distribution, representing the reporting person's proportionate interest with respect to his non-controlling profits interest in the Advisor.
Held directly by the Advisor. The reporting person is the chief executive officer and president of, and also holds a non-controlling profits interest in, the Advisor. The reporting person disclaims beneficial ownership of the securities beneficially owned by the Advisor except to the extent of his pecuniary interest therein.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.475 to $18.4632, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. These sales were completed for the reporting person's tax and estate planning purposes.