SEC Form 4 · accession 0001225208-15-020679

Urban Edge Properties · UE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Table I — non-derivative securities

Table II — derivative securities

Explanation of responses

• F1Represents LTIP Units in Urban Edge Properties LP granted pursuant to the Urban Edge Properties 2015 Outperformance Plan (the "2015 Outperformance Plan") in accordance with the terms of the Urban Edge Properties 2015 Omnibus Share Plan (the "Plan").
• F2Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and vesting, each LTIP Unit may be converted, at the election of the holder, into a unit of limited partnership interest in Urban Edge Properties LP (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of the Issuer. LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. The LTIP Units are scheduled to vest 50% on November 5, 2018 and 25% on each of November 5, 2019 and November 5, 2020, subject to continued employment through such dates and the achievement of certain performance criteria based on the Issuer's total return to shareholders through November 5, 2018.
• F3Includes 108,790 fully vested LTIP Units granted pursuant to the Plan that are not subject to performance criteria.