CONWAY E VIRGIL 4
4 · URSTADT BIDDLE PROPERTIES INC · Filed Jan 24, 2011
Insider Transaction Report
Form 4
CONWAY E VIRGIL
Director
Transactions
- OtherSwap
Class A Common Stock
2011-01-20+3,625→ 84,321 total(indirect: See footnote)
Footnotes (3)
- [F1]On January 20, 2011, the Reporting Person completed an equity swap (the "Equity Swap") of 3,625 shares of Common Stock of the Issuer for 3,625 shares of Class A Common Stock of the Issuer with Urstadt Property Company, Inc. ("UPCO"), a Delaware corporation of which Charles J. Urstadt, Chairman of the Issuer, is a controlling shareholder, by acquiring 3,625 shares of Class A Common Stock pursuant to the Equity Swap.
- [F2]This figure includes 4,500 restricted shares of Class A Common Stock issued pursuant to the Issuer's Amended and Restated Restricted Stock Award Plan.
- [F3]The Reporting Person is the direct beneficial owner of 28,321 shares of Class A Common Stock, which includes the 4,500 restricted shares referenced in Footnote (2). Additionally, he is the indirect beneficial owner of 56,000 shares of Class A Common Stock, of which 46,000 shares are held in the name of the Reporting Person's IRA Rollover Trust and 10,000 shares are owned by The Conway Foundation (the "Foundation"), of which the Reporting Person and his wife, Elaine Conway, are officers and directors. Mr. Conway disclaims beneficial ownership of any shares held by the Foundation.