Form 4 for UE Urban Edge Properties
Accepted 2022-03-02 00:00:00 ET · period of report 2022-02-28 · accession 0001225208-22-003930 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-02 | 2022-02-28 | UE | Holmes Jennifer | CAO | F - Tax | $18.22 | -485 | 21.5K | -2% | -$8,837 |
| D | 2022-03-02 | 2022-03-02 | UE | Holmes Jennifer | CAO | A - Grant | $0.00 | +2,648 | 2,648 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2022-02-28 | F | D | 485 | $18.22 | 21,535 | D | — | — | (F1) Represents common shares of beneficial interest par value $0.01 ("Common Shares") disposed to Urban Edge Properties, the issuer, to satisfy withholding taxes related to vesting Restricted Stock issued under the Urban Edge Properties 2015 Omnibus Share Plan (the "Omnibus Share Plan"). (F2) Total includes Common Shares purchased, if any, through the issuer's employee stock purchase plan and dividend reinvestment plan. |
| 2 | Derivative | LTIP Units | 2022-03-02 | A | A | 2,648 | $0.00 | 2,648 | D | — · — to — | 2,648 Common Shares | (F3) Represents LTIP Units granted pursuant to the issuer's 2015 Omnibus Share Plan that have been earned following the achievement of certain relative total shareholder return goals over the three-year period ending February 25, 2022, as determined by the compensation committee of the issuer on March 2, 2022. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and vesting, each LTIP Unit may be converted, at the election of the holder, into a Common Partnership Unit (a "Common Unit") in Urban Edge Properties LP. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of the issuer. The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. 50% of the LTIP Units vested on March 2, 2022 and 25% will vest on each of February 27, 2023 and February 27, 2024, respectively, subject to continued employment through such dates. |