Form 4 for UE Urban Edge Properties
Accepted 2024-12-12 00:00:00 ET · period of report 2024-12-10 · accession 0001225208-24-010754 · 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 | 2024-12-12 | 2024-12-11 | UE | Olson Jeffrey S | COB, CEO, Dir | S - Sale | $22.45 | -240.0K | 1,931 | -99% | -$5.39M |
| D | 2024-12-12 | 2024-12-10 | UE | Olson Jeffrey S | COB, CEO, Dir | C - Cnv Deriv | $0.00 | +240.0K | 241.9K | +12,430% | $0 |
| DM | 2024-12-12 | 2024-12-10 | UE | Olson Jeffrey S | COB, CEO, Dir | C - Cnv Deriv | $0.00 | -240.0K | 30.7K | -89% | $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 | 2024-12-11 | S | D | 240,000 | $22.45 | 1,930.80 | D | — | — | (F3) The range of prices for the transaction reported on this line was $22.33 to $22.62. The weighted average price was $22.45. The reporting person will provide, upon request by the SEC, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price. (F2) Total includes Common Shares of the Issuer purchased, if any, through the Issuer's employee stock purchase plan and dividend reinvestment plan. |
| 2 | Common | Common Shares | 2024-12-10 | C | A | 240,000 | $0.00 | 241,930.80 | D | — | — | (F1) 240,000 LTIP units ("LTIP Units") in Urban Edge Properties LP (the "Partnership"), of which Urban Edge Properties (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. Following this conversion, Mr. Olson will own 1,877,453 LTIP Units across numerous tranches of LTIP Unit issuances. (F2) Total includes Common Shares of the Issuer purchased, if any, through the Issuer's employee stock purchase plan and dividend reinvestment plan. |
| 3 | Derivative | LTIP Units | 2024-12-10 | C | D | 209,213 | $0.00 | 0 | D | — · — to — | 209,213 Common Shares | (F4) Represents LTIP Units granted pursuant to the Urban Edge Properties 2015 Omnibus Plan (the "Omnibus Plan"). 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 Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share. The rights to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. The LTIP Units vested on February 17, 2015. |
| 4 | Derivative | LTIP Units | 2024-12-10 | C | D | 30,787 | $0.00 | 30,710 | D | — · — to — | 30,787 Common Shares | (F5) Represents LTIP Units granted pursuant to the Omnibus Plan and earned pursuant to the UEP 2015 Outperformance Plan following the achievement of certain relative total shareholder return goals over the three-year period ending November 5, 2018. 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 Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share. The rights 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 November 5, 2018 and 25% vested on each of November 6, 2019 and November 6, 2020, respectively. |