Sec Form 4 Filing - Weil Edward M Jr. @ American Finance Trust, Inc - 2017-02-16

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
American Finance Trust, Inc [ AFIN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CEO and President
(Last) (First) (Middle)
405 PARK AVE
3. Date of Earliest Transaction (MM/DD/YY)
02/16/2017
(Street)
NEW YORK, NY10022
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
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 Date
(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
Class A Units $ 0 02/16/2017 A( 1 )( 2 ) 30,600.5 ( 1 )( 2 ) ( 1 )( 2 ) Common Stock 30,600.5 $ 0 30,690.5 I See footnote ( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Weil Edward M Jr.
405 PARK AVE
NEW YORK, NY10022
X CEO and President
Signatures
/s/ Edward M. Weil, Jr. 07/23/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On February 16, 2017, American Finance Trust, Inc. (the "Company") and its operating partnership, American Finance Operating Partnership, L.P. (the "OP"), completed (a) the merger of American Realty Capital -- Retail Centers of America, Inc. ("RCA") with and into a subsidiary of the Company, with the subsidiary surviving as a wholly owned subsidiary of the Company and (b) the merger of American Realty Capital Retail Operating Partnership, L.P. (the "RCA OP") with and into the OP, with the OP as the surviving entity (together, the "Merger"). In connection with, and subject to the terms and conditions of the agreement governing the Merger, limited partner interests in the RCA OP designated as "OP units" held by American Realty Capital Retail Advisor, LLC (the "RCA Advisor"), an affiliate of the Company's advisor that served as the external advisor to RCA, were exchanged for limited partner interests in the OP designated as "OP units" ("OP Units").
( 2 )Pursuant to the redemption provisions contained in the agreement of limited partnership of the OP, a holder of OP Units that (subject to certain exceptions) have been outstanding for at least one year may redeem all or a portion of his, her or its OP Units for, at the Registrant's election, either shares of common stock or the cash equivalent thereof.
( 3 )The reporting person is the chief executive officer, and also holds a non-controlling equity interest in, the entities that own and control the RCA Advisor, which owns the reported securities. The reporting person disclaims beneficial ownership of the securities reported on this Form 4 except to the extent of his pecuniary interest therein.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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