PECO

SEC source: 0000899243-18-024354 · doc4.xml · derivative · entry 4

Addy Robert Mark · CIK 0001548380 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by PELP

Disclosed balance after: 45,506.96

Underlying: Common Stock · 6,828.73 shares

Expires not disclosed

F5 · derivative.exercise_price: Reflects 6,828.73 OP Units distributed by PELP to the Reporting Person in the line above.

F2 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F2 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

SEC source: 0000899243-18-024354 · doc4.xml · derivative · entry 3

Addy Robert Mark · CIK 0001548380 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 219,157.66

Underlying: Common Stock · 6,828.73 shares

Expires not disclosed

F4 · derivative.exercise_price: Reflects OP Units acquired by the Reporting Person as a distribution from PELP in connection with the Reporting Person's interest in OP Units which (i) were converted from Class B Units of limited partnership interests in PECO I OP and (ii) are being held by PELP until two years from the date the Class B Units were issued.

F2 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F2 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

SEC source: 0000899243-18-021759 · doc4.xml · nonDerivative · entry 1

QUAZZO STEPHEN R · CIK 0001105602 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,654

F1 · shares: Restricted Stock issued pursuant to the Phillips Edison & Company, Inc. 2010 Independent Director Stock Plan. The Restricted Stock fully vests on May 31, 2019, subject to continued service through such date.

SEC source: 0000899243-18-021768 · doc4.xml · nonDerivative · entry 1

Massey Paul · CIK 0001548379 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,368

F1 · shares: Restricted Stock issued pursuant to the Phillips Edison & Company, Inc. 2010 Independent Director Stock Plan. The Restricted Stock fully vests on May 31, 2019, subject to continued service through such date.

SEC source: 0000899243-18-021764 · doc4.xml · nonDerivative · entry 1

Wood Gregory S. · CIK 0001532609 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,655

F1 · shares: Restricted Stock issued pursuant to the Phillips Edison & Company, Inc. 2010 Independent Director Stock Plan. The Restricted Stock fully vests on May 31, 2019, subject to continued service through such date.

SEC source: 0000899243-18-021760 · doc4.xml · nonDerivative · entry 1

CHAO LESLIE T · CIK 0001210978 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,433

F1 · shares: Restricted Stock issued pursuant to the Phillips Edison & Company, Inc. 2010 Independent Director Stock Plan. The Restricted Stock fully vests on May 31, 2019, subject to continued service through such date.

SEC source: 0000899243-18-024354 · doc4.xml · derivative · entry 2

Addy Robert Mark · CIK 0001548380 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by PELP

Disclosed balance after: 52,335.69

Underlying: Common Stock · 256 shares

Expires not disclosed

F3 · derivative.exercise_price: Reflects 256 OP Units distributed by PELP to the Reporting Person in the line above.

F2 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F2 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

SEC source: 0000899243-18-024354 · doc4.xml · derivative · entry 1

Addy Robert Mark · CIK 0001548380 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 212,328.93

Underlying: Common Stock · 256 shares

Expires not disclosed

F1 · derivative.exercise_price: Reflects common units of limited partnership interest ("OP Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP") acquired by the Reporting Person as a distribution from Phillips Edison Limited Partnership ("PELP") in connection with the first annual vesting of Class C Units in PELP, which vest in four equal annual installments beginning on January 1, 2018.

F2 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F2 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

SEC source: 0001476204-18-000055 · wf-form4_154274273918137.xml · derivative · entry 5

Edison Jeffrey · CIK 0001548377 · Director · CEO and Chairman of the Board

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by PELP

Disclosed balance after: 2,013,559

Underlying: Common Stock · 4,586 shares

Expires not disclosed

F4 · derivative.exercise_price: Reflects OP Units distributed by PELP to the Reporting Person in the line above.

F3 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

SEC source: 0001476204-18-000055 · wf-form4_154274273918137.xml · derivative · entry 4

Edison Jeffrey · CIK 0001548377 · Director · CEO and Chairman of the Board

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,883,128

Underlying: Common Stock · 4,586 shares

Expires not disclosed

F5 · derivative.exercise_price: Reflects OP Units acquired by the Reporting Person as a distribution from PELP in connection with the first annual vesting of C Units in PELP, which vest in four equal annual installments beginning on January 1, 2018.

F3 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

SEC source: 0001476204-19-000012 · wf-form4_154664684763232.xml · derivative · entry 6

Myers Robert F. · CIK 0001721152 · Chief Operating Officer & SVP

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by PELP

Disclosed balance after: 61,865

Underlying: Common Stock · 4,571 shares

Expires not disclosed

F6 · derivative.exercise_price: Reflects OP Units distributed by PELP to the Reporting Person in the line above.

F3 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

SEC source: 0001476204-19-000012 · wf-form4_154664684763232.xml · derivative · entry 5

Myers Robert F. · CIK 0001721152 · Chief Operating Officer & SVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,280

Underlying: Common Stock · 4,571 shares

Expires not disclosed

F5 · derivative.exercise_price: Reflects OP Units acquired by the Reporting Person as a distribution from PELP in connection with the first annual vesting of his PELP C Units, which vest in four equal annual installments beginning on January 1, 2018.

F3 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

SEC source: 0001476204-19-000010 · wf-form4_154664673378751.xml · derivative · entry 6

Murphy Devin Ignatius · CIK 0001440186 · CFO and Treasurer

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by PELP

Disclosed balance after: 356,323

Underlying: Common Stock · 3,845 shares

Expires not disclosed

F6 · derivative.exercise_price: Reflects OP Units distributed by PELP to the Reporting Person in the line above.

F3 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

SEC source: 0001476204-19-000010 · wf-form4_154664673378751.xml · derivative · entry 5

Murphy Devin Ignatius · CIK 0001440186 · CFO and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 817,508

Underlying: Common Stock · 3,845 shares

Expires not disclosed

F5 · derivative.exercise_price: Reflects OP Units acquired by the Reporting Person as a distribution from PELP in connection with the first annual vesting of his PELP C Units, which vest in four equal annual installments beginning on January 1, 2018.

F3 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

SEC source: 0000899243-18-013959 · doc4.xml · derivative · entry 2

Addy Robert Mark · CIK 0001548380 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 212,072.93

Underlying: Common Stock · 6,546.23 shares

Expires not disclosed

F2 · security: OP Units acquired upon conversion of Class B Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F2 · derivative.exercise_price: OP Units acquired upon conversion of Class B Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.exercise_price: 6,546.23 OP Units were acquired by the Reporting Person upon conversion of an equal number of Class B Units.

F2 · derivative.exercise_date: OP Units acquired upon conversion of Class B Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.exercise_date: 6,546.23 OP Units were acquired by the Reporting Person upon conversion of an equal number of Class B Units.

F2 · derivative.expiration_date: OP Units acquired upon conversion of Class B Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: 6,546.23 OP Units were acquired by the Reporting Person upon conversion of an equal number of Class B Units.

SEC source: 0000899243-18-013959 · doc4.xml · derivative · entry 1

Addy Robert Mark · CIK 0001548380 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 135,505.77

Underlying: OP Units · 6,546.23 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · security: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as partial consideration for asset management services. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · security: OP Units acquired upon conversion of Class B Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F1 · derivative.exercise_price: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as partial consideration for asset management services. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.exercise_price: OP Units acquired upon conversion of Class B Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F1 · derivative.exercise_date: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as partial consideration for asset management services. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.exercise_date: OP Units acquired upon conversion of Class B Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F1 · derivative.expiration_date: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as partial consideration for asset management services. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.expiration_date: OP Units acquired upon conversion of Class B Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

SEC source: 0000899243-18-008040 · doc4.xml · derivative · entry 1

Myers Robert F. · CIK 0001721152 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 77,250

Underlying: OP Units · 77,250 shares

Expires not disclosed

F1 · security: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · security: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

F1 · derivative.exercise_price: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.exercise_price: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

F1 · derivative.exercise_date: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.exercise_date: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

F3 · derivative.exercise_date: The Class B Units are time-based awards and vest in four equal annual installments: 25% on January 1, 2019, 25% on January 1, 2020, 25% on January 1, 2021, and 25% on January 1, 2022, subject to continued employment.

F1 · derivative.expiration_date: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.expiration_date: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

SEC source: 0000899243-18-008033 · doc4.xml · derivative · entry 1

Murphy Devin Ignatius · CIK 0001440186 · CFO, Secretary and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 85,209

Underlying: OP Units · 85,209 shares

Expires not disclosed

F1 · security: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · security: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

F1 · derivative.exercise_price: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.exercise_price: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

F1 · derivative.exercise_date: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.exercise_date: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

F3 · derivative.exercise_date: The Class B Units are time-based awards and vest in four equal annual installments: 25% on January 1, 2019, 25% on January 1, 2020, 25% on January 1, 2021, and 25% on January 1, 2022, subject to continued employment.

F1 · derivative.expiration_date: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.expiration_date: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

SEC source: 0000899243-18-008025 · doc4.xml · derivative · entry 1

Edison Jeffrey · CIK 0001548377 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 275,426

Underlying: OP Units · 275,426 shares

Expires not disclosed

F1 · security: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · security: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

F1 · derivative.exercise_price: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.exercise_price: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

F1 · derivative.exercise_date: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.exercise_date: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

F3 · derivative.exercise_date: The Class B Units are time-based awards and vest in four equal annual installments: 25% on January 1, 2019, 25% on January 1, 2020, 25% on January 1, 2021, and 25% on January 1, 2022, subject to continued employment.

F1 · derivative.expiration_date: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.expiration_date: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

SEC source: 0000899243-18-008027 · doc4.xml · derivative · entry 1

Addy Robert Mark · CIK 0001548380 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,182

Underlying: OP Units · 18,182 shares

Expires not disclosed

F1 · security: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · security: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

F1 · derivative.exercise_price: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.exercise_price: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

F1 · derivative.exercise_date: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.exercise_date: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

F3 · derivative.exercise_date: The Class B Units are time-based awards and vest in four equal annual installments: 25% on January 1, 2019, 25% on January 1, 2020, 25% on January 1, 2021, and 25% on January 1, 2022, subject to continued employment.

F1 · derivative.expiration_date: Represents Class B Units of limited partnership interests ("Class B Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. At issuance, the Class B Units were subject to vesting, and did not have full parity with common units of limited partnership interest in PECO I OP ("OP Units") with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B Units would convert into an equal number of OP Units.

F2 · derivative.expiration_date: Each OP Unit acquired upon conversion of a Class B Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each OP Unit so presented for one share of Common Stock.

SEC source: 0000899243-18-008022 · doc4.xml · nonDerivative · entry 1

Robison Jennifer L · CIK 0001633620 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,364

F1 · shares: Represents restricted stock awarded to the reporting person and subject to specified vesting provisions.

SEC source: 0000899243-18-008027 · doc4.xml · derivative · entry 3

Addy Robert Mark · CIK 0001548380 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 205,526.7

Underlying: Common Stock · 6,537.58 shares

Expires not disclosed

F5 · security: Represents OP Units acquired by the Reporting Person as a distribution from Phillips Edison Limited Partnership ("PELP") in connection with the Reporting Person's interest in OP Units which (i) were converted from Class B Units and (ii) are being held by PELP until two years from the date the Class B Units were issued.

F5 · derivative.exercise_price: Represents OP Units acquired by the Reporting Person as a distribution from Phillips Edison Limited Partnership ("PELP") in connection with the Reporting Person's interest in OP Units which (i) were converted from Class B Units and (ii) are being held by PELP until two years from the date the Class B Units were issued.

F5 · derivative.exercise_date: Represents OP Units acquired by the Reporting Person as a distribution from Phillips Edison Limited Partnership ("PELP") in connection with the Reporting Person's interest in OP Units which (i) were converted from Class B Units and (ii) are being held by PELP until two years from the date the Class B Units were issued.

F5 · derivative.expiration_date: Represents OP Units acquired by the Reporting Person as a distribution from Phillips Edison Limited Partnership ("PELP") in connection with the Reporting Person's interest in OP Units which (i) were converted from Class B Units and (ii) are being held by PELP until two years from the date the Class B Units were issued.

SEC source: 0000899243-18-008040 · doc4.xml · derivative · entry 2

Myers Robert F. · CIK 0001721152 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 364,413

Underlying: OP Units · 155,421 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · security: 155,421 Phantom Units vested on January 1, 2018 and were settled for cash.

F4 · derivative.exercise_price: 155,421 Phantom Units vested on January 1, 2018 and were settled for cash.

F4 · derivative.exercise_date: 155,421 Phantom Units vested on January 1, 2018 and were settled for cash.

F4 · derivative.expiration_date: 155,421 Phantom Units vested on January 1, 2018 and were settled for cash.

SEC source: 0000899243-18-008033 · doc4.xml · derivative · entry 2

Murphy Devin Ignatius · CIK 0001440186 · CFO, Secretary and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 381,456

Underlying: OP Units · 55,800 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · security: 55,800 Phantom Units vested on January 1, 2018 and were settled for cash.

F4 · derivative.exercise_price: 55,800 Phantom Units vested on January 1, 2018 and were settled for cash.

F4 · derivative.exercise_date: 55,800 Phantom Units vested on January 1, 2018 and were settled for cash.

F4 · derivative.expiration_date: 55,800 Phantom Units vested on January 1, 2018 and were settled for cash.

SEC source: 0000899243-18-008025 · doc4.xml · derivative · entry 2

Edison Jeffrey · CIK 0001548377 · Director · Chairman of the Board & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 372,450

Underlying: OP Units · 149,100 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · security: 149,100 Phantom Units vested on January 1, 2018 and were settled for cash.

F4 · derivative.exercise_price: 149,100 Phantom Units vested on January 1, 2018 and were settled for cash.

F4 · derivative.exercise_date: 149,100 Phantom Units vested on January 1, 2018 and were settled for cash.

F4 · derivative.expiration_date: 149,100 Phantom Units vested on January 1, 2018 and were settled for cash.

SEC source: 0000899243-18-008027 · doc4.xml · derivative · entry 2

Addy Robert Mark · CIK 0001548380 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,860

Underlying: OP Units · 19,860 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F4 · security: 9,246 Phantom Units vested on January 1, 2018 and were settled for cash.

F4 · derivative.exercise_price: 9,246 Phantom Units vested on January 1, 2018 and were settled for cash.

F4 · derivative.exercise_date: 9,246 Phantom Units vested on January 1, 2018 and were settled for cash.

F4 · derivative.expiration_date: 9,246 Phantom Units vested on January 1, 2018 and were settled for cash.

SEC source: 0000899243-18-008022 · doc4.xml · derivative · entry 2

Robison Jennifer L · CIK 0001633620 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 26,076

Underlying: OP Units · 6,600 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · security: 6,600 Phantom Units vested on January 1, 2018 and were settled for cash.

F2 · derivative.exercise_price: 6,600 Phantom Units vested on January 1, 2018 and were settled for cash.

F2 · derivative.exercise_date: 6,600 Phantom Units vested on January 1, 2018 and were settled for cash.

F2 · derivative.expiration_date: 6,600 Phantom Units vested on January 1, 2018 and were settled for cash.

SEC source: 0001476204-18-000055 · wf-form4_154274273918137.xml · derivative · entry 3

Edison Jeffrey · CIK 0001548377 · Director · CEO and Chairman of the Board

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by PELP

Disclosed balance after: 2,018,145

Underlying: Common Stock · 761,196 shares

Expires not disclosed

F4 · derivative.exercise_price: Reflects OP Units distributed by PELP to the Reporting Person in the line above.

F3 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

SEC source: 0001476204-18-000055 · wf-form4_154274273918137.xml · derivative · entry 2

Edison Jeffrey · CIK 0001548377 · Director · CEO and Chairman of the Board

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,878,542

Underlying: Common Stock · 761,196 shares

Expires not disclosed

F2 · derivative.exercise_price: Reflects common units of limited partnership interest ("OP Units") in Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP") acquired by the Reporting Person as a distribution from Phillips Edison Limited Partnership ("PELP") that PELP made to its partners on a pro rata basis.

F3 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO I OP, shares of the Issuer's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

SEC source: 0001476204-19-000012 · wf-form4_154664684763232.xml · derivative · entry 4

Myers Robert F. · CIK 0001721152 · Chief Operating Officer & SVP

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by PELP

Disclosed balance after: 66,436

Underlying: Common Stock · 1,126 shares

Expires not disclosed

F4 · derivative.exercise_price: Reflects OP Units distributed by PELP to the Reporting Person in the line above and a pro rata reduction in OP Units returned to PECO OP by PELP due to post-closing adjustments pursuant to that certain Contribution Agreement dated October 4, 2017 by and among the Issuer, PECO OP, the entities named on Exhibit A therein (the "Contributors"), and Jeffrey S. Edison, as the representative of the Contributors.

F3 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

SEC source: 0001476204-19-000012 · wf-form4_154664684763232.xml · derivative · entry 3

Myers Robert F. · CIK 0001721152 · Chief Operating Officer & SVP

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,709

Underlying: Common Stock · 487 shares

Expires not disclosed

F2 · derivative.exercise_price: Reflects common units of limited partnership interest ("OP Units") in Phillips Edison Grocery Center Operating Partnership I, L.P. ("PECO OP") acquired by the Reporting Person as a distribution from Phillips Edison Limited Partnership ("PELP") that PELP made to its partners on a pro rata basis.

F3 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

SEC source: 0001476204-19-000010 · wf-form4_154664673378751.xml · derivative · entry 4

Murphy Devin Ignatius · CIK 0001440186 · CFO and Treasurer

10b5-1 filing: Not disclosed

Ownership: Indirect · Held by PELP

Disclosed balance after: 360,168

Underlying: Common Stock · 123,589 shares

Expires not disclosed

F4 · derivative.exercise_price: Reflects OP Units distributed by PELP to the Reporting Person in the line above and a pro rata reduction in OP Units returned to PECO OP by PELP due to post-closing adjustments pursuant to that certain Contribution Agreement dated October 4, 2017 by and among the Issuer, PECO OP, the entities named on Exhibit A therein (the "Contributors"), and Jeffrey S. Edison, as the representative of the Contributors.

F3 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

SEC source: 0001476204-19-000010 · wf-form4_154664673378751.xml · derivative · entry 3

Murphy Devin Ignatius · CIK 0001440186 · CFO and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 813,663

Underlying: Common Stock · 119,023 shares

Expires not disclosed

F2 · derivative.exercise_price: Reflects common units of limited partnership interest ("OP Units") in Phillips Edison Grocery Center Operating Partnership I, L.P. ("PECO OP") acquired by the Reporting Person as a distribution from Phillips Edison Limited Partnership ("PELP") that PELP made to its partners on a pro rata basis.

F3 · derivative.exercise_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable, at the election of the holder, for cash equal to the fair market value of one share of the Issuer's common stock or, at the option of PECO OP, shares of the Issuer's common stock on a one-to-one basis and have no expiration date.

SEC source: 0001140361-17-042256 · doc1.xml · derivative · entry 1

Robison Jennifer L · CIK 0001633620 · Chief Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,676

Underlying: OP Units · 32,676 shares

Expires not disclosed

F1 · derivative.exercise_price: On October 4, 2017, pursuant to the closing (the "Closing") of that certain Contribution Agreement (the "Contribution Agreement") by and among the issuer (the "Company"), its operating partnership subsidiary, Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), the entities named on Exhibit A therein (the "Contributors"), and Jeffrey S. Edison, as the representative of the Contributors, the Contributors contributed to PECO I OP all of the issued and outstanding equity interests of certain of the Contributors' subsidiaries identified on Exhibit B of the Contribution Agreement (collectively the "Contributed Companies"), in exchange for which (i) PECO I OP issued the Contributors approximately 39.4 million common operating partnership units ("OP Units") of PECO I OP, plus cash and the contingent right to receive up to approximately 12.5 million OP Units if certain milestones are achieved as set forth in the Contribution Agreement.

F2 · derivative.exercise_date: In accordance with the terms of the Contribution Agreement and effective as of the Closing, 6,600 Phantom Units will vest on each of January 1, 2018 and January 1, 2019. 16,176 Phantom Units will vest on January 1, 2020. 3,300 Phantom Units will vest on January 1, 2021. All vesting is subject to continued employment.

F2 · derivative.expiration_date: In accordance with the terms of the Contribution Agreement and effective as of the Closing, 6,600 Phantom Units will vest on each of January 1, 2018 and January 1, 2019. 16,176 Phantom Units will vest on January 1, 2020. 3,300 Phantom Units will vest on January 1, 2021. All vesting is subject to continued employment.

SEC source: 0001140361-17-042251 · doc1.xml · derivative · entry 6

Myers Robert F. · CIK 0001721152 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 519,834

Underlying: OP Units · 519,834 shares

Expires not disclosed

F13 · derivative.exercise_price: In accordance with the terms of the Contribution Agreement and effective as of the Closing, the Reporting Person entered into an RMU Cancellation and Exchange Agreement with PELP and PECO I OP, pursuant to which the Reporting Person's restricted management units of PELP (the "RMUs") were cancelled at the Closing in exchange for the right to receive three Phantom Units (as defined below) for each cancelled RMU. A "Phantom Unit" represents the right of each executive to receive from PECO I OP cash equal to the fair market value of one OP Unit upon vesting, as well as, the right to receive in cash, the equivalent of any dividend payable with respect to OP Units, regardless of whether the Phantom Unit is vested.

F14 · derivative.exercise_date: 155,421 Phantom Units will vest on December 31, 2017. 177,066 Phantom Units will vest on December 31, 2018. 160,122 Phantom Units will vest on December 31, 2019. 27,225 Phantom Units will vest on December 31, 2020. All vesting is subject to continued employment.

F14 · derivative.expiration_date: 155,421 Phantom Units will vest on December 31, 2017. 177,066 Phantom Units will vest on December 31, 2018. 160,122 Phantom Units will vest on December 31, 2019. 27,225 Phantom Units will vest on December 31, 2020. All vesting is subject to continued employment.

SEC source: 0001140361-17-042251 · doc1.xml · derivative · entry 5

Myers Robert F. · CIK 0001721152 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By PELP

Disclosed balance after: 0

Underlying: Common Stock · 16,873 shares

Expires not disclosed

F7 · derivative.exercise_price: Prior to the Closing, the Company paid to one of the Contributors as partial consideration for asset management services restricted profits interest units designated as Class B units. At issuance, the Class B units were subject to vesting, and did not have full parity with OP Units with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B unit would convert into an equal number of OP Units. At the Closing, approximately 4.8 million Class B Units held by Phillips Edison Limited Partnership ("PELP") vested and converted into OP Units.

F11 · shares: Reflects the Reporting Person's interest in the OP Units which (i) were converted from Class B units and (ii) are being held by PELP until two years from the date the Class B units were issued.

F4 · price: In the Contribution Agreement, each OP Unit was valued at $10.20 per unit.

F3 · derivative.exercise_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F12 · balance_after: The 16,873 acquired OP Units are included in the 67,561 OP Units referenced in Column 9 of the second line item above.

F6 · ownership.nature: The Reporting Person controls PELP.

SEC source: 0001140361-17-042251 · doc1.xml · derivative · entry 4

Myers Robert F. · CIK 0001721152 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,103 shares

Expires not disclosed

F7 · derivative.exercise_price: Prior to the Closing, the Company paid to one of the Contributors as partial consideration for asset management services restricted profits interest units designated as Class B units. At issuance, the Class B units were subject to vesting, and did not have full parity with OP Units with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B unit would convert into an equal number of OP Units. At the Closing, approximately 4.8 million Class B Units held by Phillips Edison Limited Partnership ("PELP") vested and converted into OP Units.

F9 · shares: Reflects OP Units which were (i) converted from Class B units and (ii) distributed by the Contributors to the Reporting Person at the Closing.

F4 · price: In the Contribution Agreement, each OP Unit was valued at $10.20 per unit.

F3 · derivative.exercise_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F10 · balance_after: The 1,103 acquired OP Units are included in the 12,222 OP Units referenced in Column 9 of the first line item above.

SEC source: 0001140361-17-042251 · doc1.xml · derivative · entry 3

Myers Robert F. · CIK 0001721152 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By PELP

Disclosed balance after: 0

Underlying: OP Units · 17,976 shares

Expires not disclosed

F7 · derivative.exercise_price: Prior to the Closing, the Company paid to one of the Contributors as partial consideration for asset management services restricted profits interest units designated as Class B units. At issuance, the Class B units were subject to vesting, and did not have full parity with OP Units with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B unit would convert into an equal number of OP Units. At the Closing, approximately 4.8 million Class B Units held by Phillips Edison Limited Partnership ("PELP") vested and converted into OP Units.

F8 · shares: Reflects the Reporting Person's interest in the 4.8 million Class B units held by PELP that vested and were converted into OP Units at the Closing.

F4 · price: In the Contribution Agreement, each OP Unit was valued at $10.20 per unit.

F3 · derivative.exercise_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F6 · ownership.nature: The Reporting Person controls PELP.

SEC source: 0001140361-17-042251 · doc1.xml · derivative · entry 2

Myers Robert F. · CIK 0001721152 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Indirect · By PELP

Disclosed balance after: 67,561

Underlying: Common Stock · 50,688 shares

Expires not disclosed

F1 · derivative.exercise_price: On October 4, 2017, pursuant to the closing (the "Closing") of that certain Contribution Agreement (the "Contribution Agreement") by and among the issuer (the "Company"), its operating partnership subsidiary, Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), the entities named on Exhibit A therein (the "Contributors"), and Jeffrey S. Edison, as the representative of the Contributors, the Contributors contributed to PECO I OP all of the issued and outstanding equity interests of certain of the Contributors' subsidiaries identified on Exhibit B of the Contribution Agreement (collectively the "Contributed Companies"), in exchange for which (i) PECO I OP issued the Contributors approximately 39.4 million common operating partnership units ("OP Units") of PECO I OP, plus cash and the contingent right to receive up to approximately 12.5 million OP Units if certain milestones are achieved as set forth in the Contribution Agreement.

F5 · shares: Reflects the Reporting Person's interest in (i) 3,394,685 OP Units held in escrow by an escrow agent as credit support for certain contingent obligations under the Contribution Agreement and OP Units retained by a Contributor.

F4 · price: In the Contribution Agreement, each OP Unit was valued at $10.20 per unit.

F3 · derivative.exercise_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F6 · ownership.nature: The Reporting Person controls PELP.

SEC source: 0001140361-17-042251 · doc1.xml · derivative · entry 1

Myers Robert F. · CIK 0001721152 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,222

Underlying: Common Stock · 11,119 shares

Expires not disclosed

F1 · derivative.exercise_price: On October 4, 2017, pursuant to the closing (the "Closing") of that certain Contribution Agreement (the "Contribution Agreement") by and among the issuer (the "Company"), its operating partnership subsidiary, Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), the entities named on Exhibit A therein (the "Contributors"), and Jeffrey S. Edison, as the representative of the Contributors, the Contributors contributed to PECO I OP all of the issued and outstanding equity interests of certain of the Contributors' subsidiaries identified on Exhibit B of the Contribution Agreement (collectively the "Contributed Companies"), in exchange for which (i) PECO I OP issued the Contributors approximately 39.4 million common operating partnership units ("OP Units") of PECO I OP, plus cash and the contingent right to receive up to approximately 12.5 million OP Units if certain milestones are achieved as set forth in the Contribution Agreement.

F2 · shares: Reflects 11,119 OP Units distributed by the Contributors to the Reporting Person at the Closing, inclusive of OP Units held by affiliates for whom the Reporting Person is an economic beneficiary.

F4 · price: In the Contribution Agreement, each OP Unit was valued at $10.20 per unit.

F3 · derivative.exercise_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

SEC source: 0001140361-17-042246 · doc1.xml · derivative · entry 6

Murphy Devin Ignatius · CIK 0001440186 · CFO, Secretary and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 437,256

Underlying: OP Units · 437,256 shares

Expires not disclosed

F13 · derivative.exercise_price: In accordance with the terms of the Contribution Agreement and effective as of the Closing, the Reporting Person entered into an RMU Cancellation and Exchange Agreement with PELP and PECO I OP, pursuant to which the Reporting Person's restricted management units of PELP (the "RMUs") were cancelled at the Closing in exchange for the right to receive three Phantom Units (as defined below) for each cancelled RMU. A "Phantom Unit" represents the right of each executive to receive from PECO I OP cash equal to the fair market value of one OP Unit upon vesting, as well as, the right to receive in cash, the equivalent of any dividend payable with respect to OP Units, regardless of whether the Phantom Unit is vested.

F14 · derivative.exercise_date: 55,800 Phantom Units will vest on January 1, 2018. 177,078 Phantom Units will vest on each of January 1, 2019. 204,378 Phantom Units will vest on June 3, 2019. All vesting is subject to continued employment.

F14 · derivative.expiration_date: 55,800 Phantom Units will vest on January 1, 2018. 177,078 Phantom Units will vest on each of January 1, 2019. 204,378 Phantom Units will vest on June 3, 2019. All vesting is subject to continued employment.

SEC source: 0001140361-17-042246 · doc1.xml · derivative · entry 5

Murphy Devin Ignatius · CIK 0001440186 · CFO, Secretary and Treasurer

10b5-1 filing: Not disclosed

Ownership: Indirect · By PELP

Disclosed balance after: 0

Underlying: Common Stock · 120,817 shares

Expires not disclosed

F7 · derivative.exercise_price: Prior to the Closing, the Company paid to one of the Contributors as partial consideration for asset management services restricted profits interest units designated as Class B units. At issuance, the Class B units were subject to vesting, and did not have full parity with OP Units with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B unit would convert into an equal number of OP Units. At the Closing, approximately 4.8 million Class B Units held by Phillips Edison Limited Partnership ("PELP") vested and converted into OP Units.

F11 · shares: Reflects the Reporting Person's interest in the OP Units which (i) were converted from Class B units and (ii) are being held by PELP until two years from the date the Class B units were issued.

F4 · price: In the Contribution Agreement, each OP Unit was valued at $10.20 per unit.

F3 · derivative.exercise_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F12 · balance_after: The 120,817 acquired OP Units are included in the 483,757 OP Units referenced in Column 9 of the second line item above.

F6 · ownership.nature: The Reporting Person controls PELP.

SEC source: 0001140361-17-042246 · doc1.xml · derivative · entry 4

Murphy Devin Ignatius · CIK 0001440186 · CFO, Secretary and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 30,603 shares

Expires not disclosed

F7 · derivative.exercise_price: Prior to the Closing, the Company paid to one of the Contributors as partial consideration for asset management services restricted profits interest units designated as Class B units. At issuance, the Class B units were subject to vesting, and did not have full parity with OP Units with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B unit would convert into an equal number of OP Units. At the Closing, approximately 4.8 million Class B Units held by Phillips Edison Limited Partnership ("PELP") vested and converted into OP Units.

F9 · shares: Reflects OP Units which were (i) converted from Class B units and (ii) distributed by the Contributors to the Reporting Person at the Closing.

F4 · price: In the Contribution Agreement, each OP Unit was valued at $10.20 per unit.

F3 · derivative.exercise_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F10 · balance_after: The 30,603 acquired OP Units are included in the 694,640 OP Units referenced in Column 9 of the first line item above.

SEC source: 0001140361-17-042246 · doc1.xml · derivative · entry 3

Murphy Devin Ignatius · CIK 0001440186 · CFO, Secretary and Treasurer

10b5-1 filing: Not disclosed

Ownership: Indirect · By PELP

Disclosed balance after: 0

Underlying: OP Units · 151,420 shares

Expires not disclosed

F7 · derivative.exercise_price: Prior to the Closing, the Company paid to one of the Contributors as partial consideration for asset management services restricted profits interest units designated as Class B units. At issuance, the Class B units were subject to vesting, and did not have full parity with OP Units with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B unit would convert into an equal number of OP Units. At the Closing, approximately 4.8 million Class B Units held by Phillips Edison Limited Partnership ("PELP") vested and converted into OP Units.

F8 · shares: Reflects the Reporting Person's interest in the 4.8 million Class B units held by PELP that vested and were converted into OP Units at the Closing.

F4 · price: In the Contribution Agreement, each OP Unit was valued at $10.20 per unit.

F3 · derivative.exercise_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F6 · ownership.nature: The Reporting Person controls PELP.

SEC source: 0001140361-17-042246 · doc1.xml · derivative · entry 2

Murphy Devin Ignatius · CIK 0001440186 · CFO, Secretary and Treasurer

10b5-1 filing: Not disclosed

Ownership: Indirect · By PELP

Disclosed balance after: 483,757

Underlying: Common Stock · 362,940 shares

Expires not disclosed

F1 · derivative.exercise_price: On October 4, 2017, pursuant to the closing (the "Closing") of that certain Contribution Agreement (the "Contribution Agreement") by and among the issuer (the "Company"), its operating partnership subsidiary, Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), the entities named on Exhibit A therein (the "Contributors"), and Jeffrey S. Edison, as the representative of the Contributors, the Contributors contributed to PECO I OP all of the issued and outstanding equity interests of certain of the Contributors' subsidiaries identified on Exhibit B of the Contribution Agreement (collectively the "Contributed Companies"), in exchange for which (i) PECO I OP issued the Contributors approximately 39.4 million common operating partnership units ("OP Units") of PECO I OP, plus cash and the contingent right to receive up to approximately 12.5 million OP Units if certain milestones are achieved as set forth in the Contribution Agreement.

F5 · shares: Reflects the Reporting Person's interest in (i) 3,394,685 OP Units held in escrow by an escrow agent as credit support for certain contingent obligations under the Contribution Agreement and OP Units retained by a Contributor.

F4 · price: In the Contribution Agreement, each OP Unit was valued at $10.20 per unit.

F3 · derivative.exercise_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F6 · ownership.nature: The Reporting Person controls PELP.

SEC source: 0001140361-17-042246 · doc1.xml · derivative · entry 1

Murphy Devin Ignatius · CIK 0001440186 · CFO, Secretary and Treasurer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 694,640

Underlying: Common Stock · 664,037 shares

Expires not disclosed

F1 · derivative.exercise_price: On October 4, 2017, pursuant to the closing (the "Closing") of that certain Contribution Agreement (the "Contribution Agreement") by and among the issuer (the "Company"), its operating partnership subsidiary, Phillips Edison Grocery Center Operating Partnership I, L.P., a Delaware limited partnership ("PECO I OP"), the entities named on Exhibit A therein (the "Contributors"), and Jeffrey S. Edison, as the representative of the Contributors, the Contributors contributed to PECO I OP all of the issued and outstanding equity interests of certain of the Contributors' subsidiaries identified on Exhibit B of the Contribution Agreement (collectively the "Contributed Companies"), in exchange for which (i) PECO I OP issued the Contributors approximately 39.4 million common operating partnership units ("OP Units") of PECO I OP, plus cash and the contingent right to receive up to approximately 12.5 million OP Units if certain milestones are achieved as set forth in the Contribution Agreement.

F2 · shares: Reflects 664,037 OP Units distributed by the Contributors to the Reporting Person at the Closing, inclusive of OP Units held by affiliates for whom the Reporting Person is an economic beneficiary.

F4 · price: In the Contribution Agreement, each OP Unit was valued at $10.20 per unit.

F3 · derivative.exercise_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

SEC source: 0001140361-17-042243 · doc1.xml · derivative · entry 6

Edison Jeffrey · CIK 0001548377 · Director · CEO and Charman of the Board

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 521,550

Underlying: OP Units · 521,550 shares

Expires not disclosed

F13 · derivative.exercise_price: In accordance with the terms of the Contribution Agreement and effective as of the Closing, the Reporting Person entered into an RMU Cancellation and Exchange Agreement with PELP and PECO I OP, pursuant to which the Reporting Person's restricted management units of PELP (the "RMUs") were cancelled at the Closing in exchange for the right to receive three Phantom Units (as defined below) for each cancelled RMU. A "Phantom Unit" represents the right of each executive to receive from PECO I OP cash equal to the fair market value of one OP Unit upon vesting, as well as, the right to receive in cash, the equivalent of any dividend payable with respect to OP Units, regardless of whether the Phantom Unit is vested.

F14 · derivative.exercise_date: 149,100 Phantom Units will vest on each of January 1, 2018, January 1, 2019 and January 1, 2020. 74,250 Phantom Units will vest on January 1, 2021. All vesting is subject to continued employment.

F14 · derivative.expiration_date: 149,100 Phantom Units will vest on each of January 1, 2018, January 1, 2019 and January 1, 2020. 74,250 Phantom Units will vest on January 1, 2021. All vesting is subject to continued employment.

SEC source: 0001140361-17-042243 · doc1.xml · derivative · entry 5

Edison Jeffrey · CIK 0001548377 · Director · CEO and Charman of the Board

10b5-1 filing: Not disclosed

Ownership: Indirect · By PELP

Disclosed balance after: 0

Underlying: Common Stock · 700,746 shares

Expires not disclosed

F7 · derivative.exercise_price: Prior to the Closing, the Company paid to one of the Contributors as partial consideration for asset management services restricted profits interest units designated as Class B units. At issuance, the Class B units were subject to vesting, and did not have full parity with OP Units with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B unit would convert into an equal number of OP Units. At the Closing, approximately 4.8 million Class B Units held by Phillips Edison Limited Partnership ("PELP") vested and converted into OP Units.

F11 · shares: Reflects the Reporting Person's interest in the OP Units which (i) were converted from Class B units and (ii) are being held by PELP until two years from the date the Class B units were issued.

F4 · price: In the Contribution Agreement, each OP Unit was valued at $10.20 per unit.

F3 · derivative.exercise_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F12 · balance_after: The 700,746 acquired OP Units are included in the 2,805,817 OP Units referenced in Column 9 of the second line item above.

F6 · ownership.nature: The Reporting Person controls PELP.

SEC source: 0001140361-17-042243 · doc1.xml · derivative · entry 4

Edison Jeffrey · CIK 0001548377 · Director · CEO and Charman of the Board

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 1,724,577 shares

Expires not disclosed

F7 · derivative.exercise_price: Prior to the Closing, the Company paid to one of the Contributors as partial consideration for asset management services restricted profits interest units designated as Class B units. At issuance, the Class B units were subject to vesting, and did not have full parity with OP Units with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B unit would convert into an equal number of OP Units. At the Closing, approximately 4.8 million Class B Units held by Phillips Edison Limited Partnership ("PELP") vested and converted into OP Units.

F9 · shares: Reflects OP Units which were (i) converted from Class B units and (ii) distributed by the Contributors to the Reporting Person at the Closing.

F4 · price: In the Contribution Agreement, each OP Unit was valued at $10.20 per unit.

F3 · derivative.exercise_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F10 · balance_after: The 1,724,577 acquired OP Units are included in the 19,117,346 OP units referenced in Column 9 of the first line item above.

SEC source: 0001140361-17-042243 · doc1.xml · derivative · entry 3

Edison Jeffrey · CIK 0001548377 · Director · CEO and Charman of the Board

10b5-1 filing: Not disclosed

Ownership: Indirect · By PELP

Disclosed balance after: 0

Underlying: OP Units · 2,425,323 shares

Expires not disclosed

F7 · derivative.exercise_price: Prior to the Closing, the Company paid to one of the Contributors as partial consideration for asset management services restricted profits interest units designated as Class B units. At issuance, the Class B units were subject to vesting, and did not have full parity with OP Units with respect to liquidating distributions, but upon the occurrence of certain events described in PECO I OP's partnership agreement, could over time achieve full parity with the OP Units for all purposes. Upon vesting and achieving full parity with OP Units, the Class B unit would convert into an equal number of OP Units. At the Closing, approximately 4.8 million Class B Units held by Phillips Edison Limited Partnership ("PELP") vested and converted into OP Units.

F8 · shares: Reflects the Reporting Person's interest in the 4.8 million Class B units held by PELP that vested and were converted into OP Units at the Closing.

F4 · price: In the Contribution Agreement, each OP Unit was valued at $10.20 per unit.

F3 · derivative.exercise_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F3 · derivative.expiration_date: OP Units are exchangeable for cash or, at the option of PECO I OP, shares of the Company's common stock on a one-to-one basis, beginning one year from the date of issuance and have no expiration date.

F6 · ownership.nature: The Reporting Person controls PELP.