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

Role
Chairman, Director
Signature
/s/ Charles D. Urstadt by Miyun Sung as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
16 Aug 2023
Net transactions value
-$180,193
Form type
4
Filing time
18 Aug 2023, 18:37:48 UTC
Previous filing
04 Jan 2023
Next filing
18 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBP Common Stock Tax liability $180,193 -8,300 -15% $21.71 48,576 16 Aug 2023 Direct F1
transaction UBP Common Stock Disposed to Issuer -48,576 -100% 0 18 Aug 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.