SEC Form 4 · accession 0001225208-19-004199
Urban Edge Properties · UE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald Ten Eyck Briggs
Officer — President of Development
Period of report
Feb 27, 2019
Accepted (ET)
Mar 1, 2019 · 5:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001611547
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LTIP UnitsF1,F2 | — | Feb 27, 2019 | A | 41,291 | A | — | — | Common Shares | 41,291 | 41,291 | D |
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 andvesting, 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 anLTIP 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. Theright 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 three years, subject to continued employment through each vesting date, with the initial vesting occurring on February 27, 2020.