SEC Form 4 · accession 0001225208-19-004195

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

• F1Granted pursuant to the Urban Edge Properties 2015 Omnibus Share Plan (the "Omnibus Plan") and conditioned 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 Common Partnership Unit (a "Common Unit") in Urban Edge Properties LP ("UELP"). Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of the Urban Edge Properties (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.
• F2The LTIP Units vest ratably over four years, subject to continued employment through each vesting date, with the initial vesting occurring on February 27, 2020.
• F3Granted pursuant to the Omnibus Plan. The options vest ratably over four years, subject to continued employment through each vesting date, with the initial vesting occuring on February 27, 2020.