Filing Details
- Accession Number:
- 0001225208-24-004208
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-03-13 18:49:25
- Reporting Period:
- 2024-03-11
- Accepted Time:
- 2024-03-13 18:49:25
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1611547 | Urban Edge Properties | UE | () | 4 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1518163 | Iii C. Robert Milton | C/O Urban Edge Properties 210 Route 4 East Paramus NJ 07652 | General Counsel And Secretary | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Shares | Acquisiton | 2024-03-11 | 26,333 | $0.00 | 26,333 | No | 4 | C | Direct | |
| Common Shares | Disposition | 2024-03-12 | 26,333 | $17.02 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | C | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Shares | LTIP Units | Disposition | 2024-03-11 | 5,792 | $0.00 | 5,792 | $0.00 |
| Common Shares | LTIP Units | Disposition | 2024-03-11 | 1,869 | $0.00 | 1,869 | $0.00 |
| Common Shares | LTIP Units (2019 LTI Time) | Disposition | 2024-03-11 | 3,333 | $0.00 | 3,333 | $0.00 |
| Common Shares | LTIP Units (2019 LTI Perf.) | Disposition | 2024-03-11 | 2,903 | $0.00 | 2,903 | $0.00 |
| Common Shares | LTIP Units (2020 LTI Time) | Disposition | 2024-03-11 | 3,887 | $0.00 | 3,887 | $0.00 |
| Common Shares | LTIP Units (2021 LTI Perf.) | Disposition | 2024-03-11 | 2,638 | $0.00 | 2,638 | $0.00 |
| Common Shares | LTIP Units (2021 LTI Time) | Disposition | 2024-03-11 | 5,911 | $0.00 | 5,911 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | C | Direct | ||
| 0 | No | 4 | C | Direct | ||
| 0 | No | 4 | C | Direct | ||
| 0 | No | 4 | C | Direct | ||
| 0 | No | 4 | C | Direct | ||
| 2,639 | No | 4 | C | Direct | ||
| 1,647 | No | 4 | C | Direct |
Footnotes
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
Billionaire Hedge Funds
