EX-4.3



 Exhibit 4.3 

Incorporated Under the Laws of the State of Maryland 
  

					
	 5.20% SERIES F CUMULATIVE

REDEEMABLE PREFERRED STOCK
	 		 	 5.20% SERIES F CUMULATIVE

REDEEMABLE PREFERRED STOCK

		 		 	  
 SUBJECT TO TRANSFER RESTRICTIONS

- SEE LEGEND ON REVERSE -
  

SEE REVERSE FOR CERTAIN DEFINITIONS


 National Retail Properties, Inc. 

This Certifies that 
 SPECIMEN 

is the owner of 
 FULLY PAID AND NON-ASSESSABLE
SHARES OF 
 5.20% SERIES F CUMULATIVE REDEEMABLE PREFERRED STOCK, PAR VALUE $0.01 EACH OF 

National Retail Properties, Inc., transferable on the books of the Corporation by the holder hereof in person, or by duly authorized attorney upon
surrender of the Certificate properly endorsed. 
 This Certificate is not valid unless countersigned and registered by the Transfer Agent and
Registrar. Witness the facsimile seal of the Corporation and the facsimile signatures of the duly authorized officers. 
 Dated: 

 

					
	 	  		  	 COUNTERSIGNED AND REGISTERED:

AMERICAN STOCK TRANSFER & TRUST COMPANY

(NEW YORK, NY)
 TRANSFER AGENT AND
REGISTRAR

	 PRESIDENT
	  		  	
			
	 	  		  	 
	 EXECUTIVE VICE PRESIDENT, CFO & TREASURER
	  		  	AUTHORIZED SIGNATURE








 [REVERSE] 

The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out
in full according to applicable laws or regulations. 
  

							
	 TEN COM — as tenants in common
	  	UNIF GIFT MIN ACT -	  	 	                    Custodian               
     	  
		  		  	 	      (Cust)                        (Minor)	  
		  		  	 	      under Uniform Gifts to Minors	  
	 TEN ENT — as tenants by the entireties
	  		  	 
  
	      Act
                                    

                        
(State)
	  
   

		  		  			
	 JT TEN     — as joint tenants with right of

                   
    survivorship and not as tenants

                   
    in common
	  			

 Additional abbreviations may also be used though not listed above 

For value received, the undersigned hereby sells, assigns and transfers unto (PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF
ASSIGNEE:
                                         
                                         
                  ) 
  

 
 PLEASE PRINT OR TYPE NAME AND ADDRESS
OF ASSIGNEE 
  
  

 
  

                          
                                         
                                         
                                         
                                         
              Shares 
 represented by the within Certificate, and do hereby
irrevocably constitute and appoint 

                          
                                         
                                         
                                         
                                         
               Attorney to transfer such shares on the books of the within-named Corporation with full power of substitution in the premises. 

									
				
	Dated:	 	 	 		 	Signature:
				
		 		 		 	 
			
	 In the presence of
	 		 	 
				
	 	 		 		 	

 NOTICE: THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THIS CERTIFICATE IN EVERY
PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT, OR ANY CHANGE WHATEVER. 
 NATIONAL RETAIL PROPERTIES, INC. 

The Corporation will furnish to any stockholder, on request and without charge, a full statement of the information required by Section 2-211(b) of the
Maryland General Corporation Law with respect to the designations and any preferences, conversion and other rights, voting powers, restrictions, limitations as to distributions, qualifications, and terms and conditions of redemptions of the stock of
each class which the Corporation has the authority to issue and, if the Corporation is authorized to issue any preferred or special class in series or classes, (i) the difference in the relative rights and preferences between the shares of each
series and class to the extent set, and (ii) the authority of the Board of Directors to set such rights and preferences of subsequent series and classes. The foregoing summary does not purport to be complete and is subject to and qualified in
its entirety by reference to the Charter of the Corporation, a copy of which will be sent without charge to each stockholder who so requests. Such request may be made to the Secretary of the Corporation at its principal office. 

The securities represented by this certificate are subject to restrictions on transfer for the purpose of maintenance of the Corporation’s status as a
real estate investment trust under the Internal Revenue Code of 1986, as amended (the “Code”). Except as otherwise provided pursuant to the Charter of the Corporation, no Person may (i) Beneficially or Constructively Own shares of
Capital Stock in excess of 9.8 percent of the Value of the outstanding shares of Capital Stock of the Corporation; or (ii) Beneficially Own Capital Stock which would result in the Corporation being “closely held” under
Section 856(h) of the Code or otherwise could cause the Corporation to fail to qualify as a REIT. Any Person who attempts or proposes to Beneficially or Constructively Own shares of Capital Stock in excess of the above limitations must
notify the Corporation in writing at least fifteen (15) days prior to the proposed or attempted transfer. If the transfer restrictions referred to herein are violated, the shares of Capital Stock represented hereby automatically will be
exchanged for shares of Excess Stock and will be held in trust by the Corporation, all as provided in the Charter of the Corporation. All capitalized terms in this legend have the meanings identified in the Corporation’s Charter, as the same
may be amended or restated from time to time, a copy of which, including the restrictions on transfer, will be sent without charge to each stockholder who so requests.