Miyun Sung - Jan 4, 2022 Form 4 Insider Report for URSTADT BIDDLE PROPERTIES INC (UBA)

Role
SVP and CLO
Signature
/s/ Miyun Sung
Stock symbol
UBA
Transactions as of
Jan 4, 2022
Transactions value $
-$58,971
Form type
4
Date filed
1/6/2022, 03:09 PM
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBA Class A Common Stock Tax liability -$59K -2.77K -6.01% $21.32 43.2K Jan 4, 2022 Direct F1
transaction UBA Class A Common Stock Award $0 +20K +46.26% $0.00 63.2K Jan 4, 2022 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,766 shares of Class A Common Stock were withheld by the Company to satisfy Miyun Sung (the "Reporting Person")'s tax obligation upon vesting of 6,000 shares on January 4, 2022. The closing price of Class A Common Stock on January 4, 2022 was $21.32.
F2 On January 4, 2022, the Issuer entered into an agreement with Miyun Sung (the "Reporting Person") whereby the Reporting Person was granted a restricted stock award of 20,000 shares of Class A Common Stock that vests on January 4, 2027, pursuant to the Issuer's Amended and Restated Restricted Stock Award Plan (the "Restricted Stock Award Plan").
F3 Of such shares, 58,000 are restricted shares, subject to vesting, issued pursuant to the Restricted Award Plan.