SEC Form 4: Biddle Catherine U was granted 102,500 shares and acquired 504 shares
$UBA
Real Estate Investment Trusts
Real Estate
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
URSTADT BIDDLE PROPERTIES INC [ UBP ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/04/2022 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 01/04/2022 | A(1) | 2,500 | A | $0.00 | 16,344 | D(2) | |||
| Common Stock | 01/04/2022 | A(3) | 100,000 | A | $0.00 | 1,419,262 | I | See Footnote(4) | ||
| Common Stock | 01/04/2022 | J(5) | 504 | A | $0.00 | 1,419,766 | I | See Footnote(4) | ||
| Common Stock | 1,110,805 | I | See Footnote(6) | |||||||
| Common Stock | 852,252 | I | See Footnote(7) | |||||||
| Common Stock | 5,163 | I | See Footnote(8) | |||||||
| Common Stock | 1,070 | I | See Footnote(9) | |||||||
| Common Stock | 21,000 | I | See Footnote(10) | |||||||
| Common Stock | 2,314 | I | See Footnote(11) | |||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Explanation of Responses: |
| 1. On January 4, 2022, the Issuer entered into an agreement with Catherine U. Biddle (the "Reporting Person") whereby she was granted a restricted stock award of 2,500 shares of Common Stock that vests on January 4, 2027, pursuant to the Issuer's Amended and Restated Stock Award Plan (the "Restricted Stock Award Plan"). |
| 2. Shares held by the Reporting Person, of which 7,400 are restricted shares, subject to vesting, issued to the Reporting Person 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. The Reporting Person 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 the Reporting Person 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, and UPCO, the general partner of URACO. |
| 3. On January 4, 2022, the Issuer entered into an agreement with Willing L. Biddle, spouse of the Reporting Person, whereby he was granted a restricted stock award of 100,000 shares of Common Stock that vests on January 4, 2031, pursuant to the Restricted Stock Award Plan. |
| 4. Shares held by Willing L. Biddle, of which 900,000 are restricted shares, subject to vesting, issued pursuant to the Issuer's Restricted Stock Award Plan. |
| 5. On January 4, 2022, the Trust Established Under the Urstadt Biddle Properties Inc. Excess Benefit and Deferred Compensation Plan of 2005 (the "Plan") made a required distribution of 504 shares of Common Stock to Willing L. Biddle, a participant in the Plan. |
| 6. Shares held by Willing L. Biddle 2012 Dynasty Trust. |
| 7. Shares held by Catherine U. Biddle 2012 Dynasty Trust. |
| 8. Shares held by Willing L. Biddle Inherited IRA. |
| 9. Shares held by Charles Biddle Trust. |
| 10. Shares held by Trust UW PTB Art 4.1. |
| 11. Shares held by Excess Benefit and Deferred Compensation Plan of 2005, of which Willing L. Biddle is a participant. |
| /s/ Catherine U. Biddle by Miyun Sung as Attorney -in-fact | 01/05/2022 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||