CONWAY E VIRGIL 4
4 · URSTADT BIDDLE PROPERTIES INC · Filed Jan 2, 2013
Insider Transaction Report
Form 4
CONWAY E VIRGIL
Director
Transactions
- Other
Class A Common Stock
2013-01-02+950→ 90,221 total(indirect: See footnote)
Footnotes (3)
- [F1]On January 2, 2013, the Issuer entered into an agreement with E. Virgil Conway (the "Reporting Person") whereby the Reporting Person was granted a restricted stock award of 950 shares of Class A Common Stock pursuant to the Issuer's Amended and Restated Restricted Stock Award Plan ("the Restricted Stock Award Plan").
- [F2]This figure includes 4,700 restricted shares of Class A Common Stock issued pursuant to the Restricted Stock Award Plan. On December 28, 2012, restrictions applicable to a previously reported grant of 900 shares of Class A Common Stock lapsed, resulting in the reporting person becoming fully vested in such shares. This resulted in no change in the number of shares beneficially owned by the Reporting Person.
- [F3]The Reporting Person is the direct beneficial owner of 30,221 shares of Class A Common Stock, which includes the 4,700 restricted shares referenced in Footnote (2). Additionally, he is the indirect beneficial owner of 60,000 shares of Class A Common Stock, of which 50,000 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.