Form 4 for UE Urban Edge Properties
Accepted 2024-03-13 00:00:00 ET · period of report 2024-03-11 · accession 0001225208-24-004208 · 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 | 2024-03-13 | 2024-03-12 | UE | Milton Robert C. III | GC, Sec | S - Sale | $17.02 | -26.3K | 0 | -100% | -$448.2K |
| D | 2024-03-13 | 2024-03-11 | UE | Milton Robert C. III | GC, Sec | C - Cnv Deriv | $0.00 | +26.3K | 26.3K | New | $0 |
| DM | 2024-03-13 | 2024-03-11 | UE | Milton Robert C. III | GC, Sec | C - Cnv Deriv | $0.00 | -26.3K | 0 | -100% | $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 | 2024-03-12 | S | D | 26,333 | $17.02 | 0 | D | — | — | (F2) Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $16.94 to $17.12 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. |
| 2 | Common | Common Shares | 2024-03-11 | C | A | 26,333 | $0.00 | 26,333 | D | — | — | (F1) 26,333 LTIP units ("LTIP Units") in Urban Edge Properties LP (the "Partnership"), of which the Issuer is the sole general partner, were exchanged for an equal number of Common Partnership Units ("Common Units") in the Partnership, which were subsequently redeemed for an equal number of common shares of beneficial interest, par value $0.01 ("Common Shares") of the Issuer. |
| 3 | Derivative | LTIP Units (2019 LTI Perf.) | 2024-03-11 | C | D | 2,903 | $0.00 | 0 | D | — · — to — | 2,903 Common Shares | (F6) Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2019 long-term incentive plan under the Omnibus Plan. 50% of the LTIP Units vested on March 2, 2022 and 25% on each of February 27, 2023 and February 27, 2024. |
| 4 | Derivative | LTIP Units (2020 LTI Time) | 2024-03-11 | C | D | 3,887 | $0.00 | 0 | D | — · — to — | 3,887 Common Shares | (F7) Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2020 long-term incentive plan under the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 20, 2021. |
| 5 | Derivative | LTIP Units (2021 LTI Perf.) | 2024-03-11 | C | D | 2,638 | $0.00 | 2,639 | D | — · — to — | 2,638 Common Shares | (F8) Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Omnibus Plan. 50% of the LTIP Units vested on February 22, 2024 and 25% will vest on each of February 9, 2025 and February 9, 2026, subject to continued employment through such dates. |
| 6 | Derivative | LTIP Units (2021 LTI Time) | 2024-03-11 | C | D | 5,911 | $0.00 | 1,647 | D | — · — to — | 5,911 Common Shares | (F9) Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 10, 2022. |
| 7 | Derivative | LTIP Units | 2024-03-11 | C | D | 5,792 | $0.00 | 0 | D | — · — to — | 5,792 Common Shares | (F3) Represents LTIP Units granted pursuant to the Urban Edge Properties 2015 Omnibus Plan (the "Omnibus Plan"). The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 20, 2021. |
| 8 | Derivative | LTIP Units | 2024-03-11 | C | D | 1,869 | $0.00 | 0 | D | — · — to — | 1,869 Common Shares | (F4) Represents LTIP Units granted pursuant to the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 27, 2020. |
| 9 | Derivative | LTIP Units (2019 LTI Time) | 2024-03-11 | C | D | 3,333 | $0.00 | 0 | D | — · — to — | 3,333 Common Shares | (F5) Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2019 long-term incentive plan under the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 27, 2020. |