Sec Form 4 Filing - Weil Edward M Jr. @ Global Net Lease, Inc. - 2021-06-18

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Weil Edward M Jr.
2. Issuer Name and Ticker or Trading Symbol
Global Net Lease, Inc. [ GNL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
650 FIFTH AVE., 30TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
06/18/2021
(Street)
NEW YORK, NY10019
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/18/2021 C( 1 ) 2,135,496 A 2,135,496 I See footnote ( 3 ) ( 4 )
Common Stock 06/18/2021 J( 2 ) 2,135,496 D 0 I See footnote ( 3 ) ( 4 )
Common Stock 06/18/2021 J( 2 ) 67,653 A 89,671 D
Common Stock 19,419 I See footnote ( 3 ) ( 5 )
Common Stock 16,481 I See footnote ( 3 ) ( 6 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Da te
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
OP Units $ 0 06/18/2021 C( 1 ) 2,135,496 ( 1 ) ( 1 ) Common Stock 2,135,496 ( 1 ) 0 I See footnote ( 3 ) ( 4 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Weil Edward M Jr.
650 FIFTH AVE., 30TH FLOOR
NEW YORK, NY10019
X
Signatures
/s/ Edward M. Weil, Jr. 06/22/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )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.
( 2 )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.
( 3 )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.
( 4 )Held directly by the Advisor.
( 5 )Held directly by AR Global
( 6 )Held directly by AR Capital.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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