Charles D. Urstadt - Aug 16, 2023 Form 4 Insider Report for URSTADT BIDDLE PROPERTIES INC (UBP)

Role
Chairman, Director
Signature
/s/ Charles D. Urstadt by Miyun Sung as Attorney-in-Fact
Stock symbol
UBP
Transactions as of
Aug 16, 2023
Transactions value $
-$180,193
Form type
4
Date filed
8/18/2023, 06:37 PM
Previous filing
Jan 4, 2023
Next filing
Aug 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBP Common Stock Tax liability -$180K -8.3K -14.59% $21.71 48.6K Aug 16, 2023 Direct F1
transaction UBP Common Stock Disposed to Issuer -48.6K -100% 0 Aug 18, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Charles D. Urstadt is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares withheld by Urstadt Biddle Properties Inc.to satisfy the reporting person's tax obligation upon the accelerated vesting of 26,000 shares of restricted stock immediately prior to the second merger effective time pursuant to the Merger Agreement (as defined in Footnote 2 below).
F2 Disposed of pursuant to the Merger Agreement, by and among Regency Centers Corporation ( "Regency"), Hercules Merger Sub, LLC, Urstadt Biddle Properties Inc., UB Maryland I, Inc., and UB Maryland II, Inc. (the "Merger Agreement") in exchange for 16,855 shares of Regency common stock having a closing price of $61.31 per share on the effective date of the mergers.