URSTADT BIDDLE PROPERTIES INC 4
4 · URSTADT BIDDLE PROPERTIES INC · Filed Jan 25, 2016
Insider Transaction Report
Form 4
URSTADT CHARLES J
DirectorChairman of the Board and CEO10% Owner
Transactions
- Purchase
Class A Common Stock
2016-01-22$19.00/sh+6,250$118,750→ 148,090 total(indirect: See footnote) - Purchase
Class A Common Stock
2016-01-21$19.00/sh+29,340$557,460→ 141,840 total(indirect: See footnote)
Footnotes (4)
- [F1]On January 21, 2016, Urstadt Property Company, Inc. ("UPCO"), a Delaware corporation of which Mr. Urstadt is Chairman and a controlling shareholder, purchased 29,340 shares of Class A Common Stock from a group of eight (8) employees of the Issuer, including Willing L. Biddle, the Issuer's CEO, in a private transaction.
- [F2]On January 22, 2016, UPCO purchased 6,250 shares of Class A Common Stock from Willing L. Biddle, the Issuer's CEO, in a private transaction.
- [F3]This figure includes 11,000 restricted shares of Class A Common Stock issued pursuant to the Issuer's Amended and Restated Restricted Stock Award Plan.
- [F4]Mr. Urstadt is the direct beneficial owner of 47,500 shares of Class A Common Stock of the Issuer, including 11,000 restricted shares referenced in footnote 3. He is the indirect beneficial owner of 100,590 shares of Class A Common Stock, of which 85,590 shares are held by UPCO, and 15,000 shares are held by Elinor F. Urstadt, Mr. Urstadt's wife.