SEC Form 4 · accession 0001140361-15-003889
URSTADT BIDDLE PROPERTIES INC · UBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Jan 30, 2015
Accepted (ET)
Feb 3, 2015 · 5:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001029800
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Jan 30, 2015 | J | 50,000 | $0.00 | D | 4,209,163 | I | See footnote |
| Common StockF2,F3 | Jan 30, 2015 | J | 50,000 | $0.00 | A | 4,259,163 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Pursuant to an agreement between Mr. Urstadt and Urstadt Property Company, Inc., a Delaware corporation of which Mr. Urstadt is Chairman and a controlling shareholder ("UPCO"), as general partner of Urstadt Realty Shares II L.P., a Delaware limited partnership of which UPCO is the general partner and Mr. Urstadt is the limited partner ("URS II"), Mr. Urstadt transferred 50,000 shares of Common Stock of the Issuer to URS II. This resulted in no change in the number of Common shares beneficially owned by Mr. Urstadt.
- F2This figure includes 325,000 restricted shares of Common Stock issued pursuant to the Issuer's Amended and Restated Restricted Stock Award Plan ("Restricted Stock Award Plan"), all of which are held by URS II, as reported on previously filed Forms 4 and 5. On January 3, 2015 and January 4, 2015, restrictions applicable to two previously reported grants totaling 150,000 restricted shares of Common Stock held by URS II lapsed resulting in URS II becoming fully vested in such shares. This resulted in no change in the number of shares held by URS II or in the number of shares beneficially owned by the Reporting Persons.
- F3Mr. Urstadt is the direct beneficial owner of 687,497 shares of Common Stock and the indirect beneficial owner of 3,571,666 shares held as follows: 480,721 shares by URS II (including the restricted shares referenced in Foonote (2)), 883,185 shares by UPCO, 41,050 shares by Elinor Urstadt, Mr. Urstadt's wife, 4,279 shares by the trust established under the Issuer's 2005 Excess Benefit and Deferred Compensation Plan for the benefit of Mr. Urstadt, 1,942,431 shares by Urstadt Realty Associates Co LP, a Delaware limited partnership, of which UPCO is the general partner and Mr. Urstadt, Mrs. Urstadt, the Catherine U. Biddle Irrevocable Trust and the Charles D. Urstadt Irrevocable Trust (for each of which trusts Mr. Urstadt is the sole trustee) are the limited partners, and 220,000 shares by the Charles J. Urstadt 2012 Family Trust (the "Family Trust") of which Elinor Urstadt, is a beneficiary and co-trustee. Mr. Urstadt disclaims beneficial ownership of any shares held by the Family Trust.