Statement of Changes in Beneficial Ownership (4)
January 06 2022 - 3:08PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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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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1. Name and Address of Reporting Person
*
Hayes John T |
2. Issuer Name and Ticker or Trading Symbol
URSTADT BIDDLE PROPERTIES INC
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UBA
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Senior VP and CFO |
(Last)
(First)
(Middle)
321 RAILROAD AVENUE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/4/2022 |
(Street)
GREENWICH, CT 06830
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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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)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Class A Common Stock | 1/4/2022 | | F(1) | | 4884 | D | $21.32 | 80264 | D | |
Class A Common Stock | 1/4/2022 | | A(2) | | 20000 | A | $0 | 100264 (3) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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) | 4,884 shares of Class A Common Stock were withheld by the Company to satisfy John T. Hayes (the "Reporting Person")'s tax obligation upon vesting of 12,500 shares on January 4, 2022. The closing price of Class A Common Stock on January 4, 2022 was $21.32. |
(2) | On January 4, 2022, the Issuer entered into an agreement with the Reporting Person whereby the Reporting Person was granted a restricted stock award of 20,000 shares of Class A Common Stock that vests on January 4, 2027, pursuant to the Issuer's Amended and Restated Restricted Stock Award Plan (the "Restricted Stock Award Plan"). |
(3) | Of such shares, 78,000 are restricted shares, subject to vesting, issued pursuant to the Restricted Stock Award Plan. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Hayes John T 321 RAILROAD AVENUE GREENWICH, CT 06830 |
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| Senior VP and CFO |
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Signatures
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/s/ John T. Hayes | | 1/6/2022 |
**Signature of Reporting Person | Date |
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