Rapaglia Stephan A 4
4 · URSTADT BIDDLE PROPERTIES INC · Filed Aug 18, 2023
Insider Transaction Report
Form 4
Rapaglia Stephan A
SVP and COO
Transactions
- Tax Payment
Class A Common Stock
2023-08-16$21.84/sh−34,841$760,927→ 104,924 total - Disposition to Issuer
Class A Common Stock
2023-08-18−104,924→ 0 total
Footnotes (2)
- [F1]Represents shares withheld by the Urstadt Biddle Properties Inc.to satisfy the reporting person's tax obligation upon the accelerated vesting of 90,000 shares of restricted stock immediately prior to the second merger effective time pursuant to the Merger Agreement (as defined in Footnote 2 below).
- [F2]Disposed of pursuant to the Merger Agreement, by and among Regency Centers Corporation ( "Regency"), Hercules Merger Sub, LLC, Urstadt Biddle Properties Inc., UB Maryland I, Inc., and UB Maryland II, Inc. (the "Merger Agreement") in exchange for 36,408 shares of Regency common stock having a closing price of $61.31 per share on the effective date of the mergers.