John T. Hayes - Aug 16, 2023 Form 4 Insider Report for URSTADT BIDDLE PROPERTIES INC (UBA)

Role
Senior VP and CFO
Signature
/s/ John T. Hayes
Stock symbol
UBA
Transactions as of
Aug 16, 2023
Transactions value $
-$797,684
Form type
4
Date filed
8/18/2023, 06:45 PM
Previous filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBA Class A Common Stock Tax liability -$798K -36.5K -35.95% $21.84 65.1K Aug 16, 2023 Direct F1
transaction UBA Class A Common Stock Disposed to Issuer -65.1K -100% 0 Aug 18, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John T. Hayes 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 85,000 shares of restricted stock immediately prior to the second merger effective time pursuant to the Merger Agreement (as defined in Footnote 2 below).
F2 All shares were 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 an aggregate of 22,583 shares of Regency common stock having a closing price of $61.31 per share on the effective date of the mergers.