4//SEC Filing
URSTADT PROPERTY CO INC 4
Accession 0001140361-10-000485
CIK 0001029800other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 3:10 PM ET
Size
24.4 KB
Accession
0001140361-10-000485
Insider Transaction Report
Form 4
Transactions
- Other
Common Stock
2010-01-04+75,000→ 3,363,286 total(indirect: See Footnote) - Other
Common Stock
2010-01-04−82,944→ 3,280,342 total(indirect: See Footnote) - Other
Common Stock
2010-01-04+83,782→ 3,363,286 total(indirect: See Footnote) - Other
Common Stock
2009-12-31−7,944→ 3,280,342 total(indirect: See Footnote) - Other
Common Stock
2010-01-04−838→ 3,279,504 total(indirect: See Footnote)
URSTADT CHARLES J
DirectorChairman of the Board and CEO10% Owner
Transactions
- Other
Common Stock
2009-12-31−7,944→ 3,280,342 total(indirect: See Footnote) - Other
Common Stock
2010-01-04−838→ 3,279,504 total(indirect: See Footnote) - Other
Common Stock
2010-01-04+75,000→ 3,363,286 total(indirect: See Footnote) - Other
Common Stock
2010-01-04−82,944→ 3,280,342 total(indirect: See Footnote) - Other
Common Stock
2010-01-04+83,782→ 3,363,286 total(indirect: See Footnote)
Footnotes (5)
- [F1]On December 31, 2009, the Trust Established Under the Urstadt Biddle Properties Inc. Excess Benefit and Deferred Compensation Plan (the "Plan") dated 1/1/2000 distributed 7,944 shares of Common Stock to Charles J. Urstadt (the "Reporting Person"), a participant in the Plan. This resulted in no change in the number of shares beneficially owned by the Reporting Person.
- [F2]On January 4, 2010, the Issuer entered into an agreement with the Reporting Person whereby the Reporting Person was granted a restricted stock award of 75,000 shares of Common Stock pursuant to the Issuer's Amended and Restated Restricted Stock Award Plan (the "Restricted Stock Award Plan").
- [F3]This figure includes 491,250 restricted shares of Common Stock issued pursuant to the Restricted Stock Award Plan, which, after the transactions reported on this Form 4, are owned by Urstadt Realty Shares II L.P. ("URS II"), a Delaware limited partnership of which Mr. Urstadt is the limited partner and Urstadt Property Company, Inc. (a Delware corporation of which Mr. Urstadt is a controlling shareholder) ("UPCO") is the general partner. On January 4, 2010, restrictions applicable to a previously reported grant of 15,000 restricted shares of Common Stock held by URS II lapsed resulting in URS II becoming fully vested in such shares. This resulted in no change in the number of shares held by URS II or in the number of shares beneficially owned by the Reporting Person.
- [F4]Pursuant to an agreement dated January 4, 2010 between UPCO, as general partner of URS II, and Mr. Urstadt, as limited partner of URS II, UPCO and Mr. Urstadt each transferred Common Stock of the Issuer to URS II in amounts of 838 shares and 82,944 shares, respectively. These contributions had no effect on Mr. Urstadt's beneficial ownership of Common Stock of the Issuer.
- [F5]Mr. Urstadt individually is not the direct beneficial owner of any shares of Common Stock of the Issuer, but when aggregating 880,620 shares of Common Stock held by URS II (including the 491,250 restricted shares referenced in footnote (3)), 549,713 shares of Common Stock held by UPCO, 21,300 shares of Common Stock held by Elinor Urstadt, Mr. Urstadt's wife, 10,647 shares of Common Stock held by the Trust Established Under the Urstadt Biddle Properties Inc. Excess Benefit and Deferred Compensation Plan for the benefit of Mr. Urstadt, and 1,901,006 shares of Common Stock held by Urstadt Realty Associates Co LP, a Delaware limited partnership of which UPCO is the general partner and Mr. Urstadt, Mrs. Urstadt, the Catherine U. Biddle Irrevocable Trust and the Charles D. Urstadt Irrevocable Trust (for each of which trusts Mr. Urstadt is the sole trustee) are the limited partners, results in Mr. Urstadt owning 3,363,286 shares of Common Stock.
Documents
Issuer
URSTADT BIDDLE PROPERTIES INC
CIK 0001029800
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001267830
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 3:10 PM ET
- Size
- 24.4 KB