SEC Form 4 · accession 0001225208-16-026048
Urban Edge Properties · UE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Langer
Officer — Chief Financial Officer
Period of report
Feb 8, 2016
Accepted (ET)
Feb 10, 2016 · 7:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001611547
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | Feb 8, 2016 | A | 11,163 | $23.515 | A | 11,163 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $23.515 | Feb 8, 2016 | A | 56,657 | A | — | Feb 7, 2026 | Common Shares | 56,657 | 56,657 | D |
Explanation of responses
- F1These common shares of beneficial interest, par value $0.01 ("Common Shares") of Urban Edge Properties were issued as "Restricted Stock" under the terms of the Urban Edge Properties 2015 Omnibus Share Plan (the "Plan"). These shares vest ratably over three years subject to continued employment through each vesting date with the initial vesting occurring on February 8, 2017.
- F2On February 8, 2016, the reporting person received a grant pursuant to the Plan of options to purchase Common Shares. The options vest ratably over three years, subject to continued employment through each vesting date, with the initial vesting occurring on February 8, 2017.