SEC Form 4 · accession 0001641084-15-000001
Urban Edge Properties · UE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Herbert Eilberg
Officer — Chief Investment Officer
Period of report
May 11, 2015
Accepted (ET)
May 13, 2015 · 8:48 pm EDT
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,F2,F3 | May 11, 2015 | A | 20,928 | — | A | 20,928 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted Stock Grant.
- F2These Common Shares were issued as "Restricted Stock" under the terms of the Urban Edge Properties 2015 Omnibus Share Plan (the "Plan").
- F3These shares vest according to the following schedule, subject to continued employment through each vesting date: 5,278 shares vest on January 1, 2016; 5,278 shares vest on January 1, 2017; 4,913 shares vest on January 1, 2018; 4,231 shares vest on January 1, 2019; and 1,228 shares vest on January 1, 2020; provided that if the reporting person (a) is terminated without "Cause" or (b) resigns for "Good Reason" (as such terms are defined in the Plan) before his equity grant is fully vested, then the unvested portion of his initial equity grant shall continue to vest according to the previous schedule, notwithstanding the fact that he is no longer an employee of the Company on such vesting dates.