Willing L. Biddle - Jan 3, 2023 Form 4 Insider Report for URSTADT BIDDLE PROPERTIES INC (UBP)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ Willing L. Biddle
Stock symbol
UBP
Transactions as of
Jan 3, 2023
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 03:12 PM
Previous filing
Dec 22, 2022
Next filing
Jan 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UBP Common Stock Award $0 +100K +7.57% $0.00 1.42M Jan 3, 2023 Direct F1, F2
transaction UBP Common Stock Award $0 +2.6K +15.91% $0.00 18.9K Jan 3, 2023 See footnote F3, F4
holding UBP Common Stock 1.17M Jan 3, 2023 See Footnote F5
holding UBP Common Stock 895K Jan 3, 2023 See Footnote F6
holding UBP Common Stock 5.16K Jan 3, 2023 See Footnote F7
holding UBP Common Stock 1.07K Jan 3, 2023 See Footnote F8
holding UBP Common Stock 21K Jan 3, 2023 See Footnote F9
holding UBP Common Stock 2.43K Jan 3, 2023 See Footnote F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 3, 2023, the Issuer entered into an agreement with Willing L. Biddle (the "Reporting Person") whereby the Reporting Person was granted a restricted stock award of 100,000 shares of Common Stock that vests on January 3, 2028, pursuant to the Issuer's Amended and Restated Stock Award Plan (the "Restricted Stock Award Plan").
F2 Shares held by the Reporting Person, of which 900,000 are restricted shares, subject to vesting, issued pursuant to the Issuer's Restricted Stock Award Plan.
F3 On January 3, 2023, the Issuer entered into an agreement with Catherine U. Biddle, spouse of the Reporting Person and a member of the Board of Directors, whereby she was granted a restricted stock award of 2,600 shares of Common Stock that vests on January 3, 2028, pursuant to the Restricted Stock Award Plan.
F4 Shares held by Catherine U. Biddle, spouse of the Reporting Person, of which 8,900 are restricted shares, subject to vesting, issued to Catherine U. Biddle pursuant to the Issuer's Restricted Stock Award Plan. The number of shares reported does not include shares of Common Stock of the Issuer owned by Urstadt Realty Associates Co LP ("URACO"), of which the Catherine U. Biddle Irrevocable Trust (the "CUB Trust") is a limited partner. Catherine U. Biddle is the sole beneficiary of the CUB Trust. The number of shares reported also does not include shares of Common Stock of the Issuer owned by Urstadt Property Company, Inc. ("UPCO"), of which Catherine U. Biddle is an officer and shareholder. Shares held by URACO and UPCO are separately reported by Elinor F. Urstadt and the estate of Charles J. Urstadt, the controlling shareholders.
F5 Shares held by Willing L. Biddle 2012 Dynasty Trust.
F6 Shares held by Catherine U. Biddle 2012 Dynasty Trust.
F7 Shares held by Willing L. Biddle Inherited IRA.
F8 Shares held by Charles Biddle Trust.
F9 Shares held by Trust UW PTB Art 4.1.
F10 Shares held by Excess Benefit and Deferred Compensation Plan of 2005, of which the Reporting Person is a participant.