SEC Form 5 · accession 0001140361-15-041865
URSTADT BIDDLE PROPERTIES INC · UBA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles J Urstadt
Officer — Chairman of the Board · Director · 10% Owner
Period of report
Oct 31, 2015
Accepted (ET)
Nov 16, 2015 · 5:15 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 StockF1,F2,F3,F4 | Jan 16, 2015 | J | 48 | $18.9962 | A | 4,259,351 | I | See footnotes |
| Common StockF1,F2,F3,F4 | Apr 17, 2015 | J | 53 | $17.6305 | A | 4,259,351 | I | See footnotes |
| Common StockF1,F2,F3,F4 | Jul 17, 2015 | J | 53 | $17.75 | A | 4,259,351 | I | See footnotes |
| Common StockF1,F2,F3,F4 | Oct 16, 2015 | J | 52 | $18.413 | A | 4,259,351 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Those shares of Common Stock of which Mr. Urstadt is the indirect beneficial owner, and which are owned by the trust established under the Urstadt Biddle Properties Inc. Excess Benefit and Deferred Compensation Plan of 2005 (the "Compensation Plan Trust"), are subject to automatic reinvestment of dividends pursuant to the Issuer's Dividend Reinvestment Plan. On January 16, 2015, April 17, 2015, July 17, 2015 and October 16, 2015, dividends on these shares were paid and automatically reinvested by the Compensation Plan Trust in additional Common Stock for the benefit of Mr. Urstadt in the amounts of 48.4077 shares, 52.7753 shares, 53.0890 shares, and 51.8261 shares, respectively.
- F2This figure includes 325,000 restricted shares of Common Stock that were issued pursuant to the Issuer's Amended and Restated Restricted Stock Award Plan, and which are held by Urstadt Realty Shares II L.P. ("URS II"), a Delaware limited partnership of which Mr. Urstadt is the limited partner and Urstadt Property Company, Inc., a Delaware corporation of which Mr. Urstadt is Chairman and a controlling shareholder ("UPCO"), is the general partner, as reported on previously filed Forms 4 and 5.
- F3Mr. Urstadt is the direct beneficial owner of 687,497 shares of Common Stock of the Issuer and the indirect beneficial owner of 3,571,854 shares held as follows: 480,721 shares by URS II (including the restricted shares referenced in footnote 2), 883,185 shares by UPCO, 41,050 shares by Elinor Urstadt, Mr. Urstadt's wife, 4,467 shares by the Compensation Plan Trust, 1,942,431 shares by Urstadt Realty Associates Co LP, a Delaware limited partnership, of which UPCO is the general partner and Mr. 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 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.
- F4In Mr. Urstadt's most recent Form 4 filing dated February 3, 2015, the total number of shares for which Mr. Urstadt was at that date the indirect beneficial owner and which are owned by the Compensation Plan Trust was incorrectly reported as 4,279 shares instead of 4,261 shares.