4//SEC Filing
Urban Edge Properties 4
Accession 0001225208-17-004972
$UECIK 0001611547operating
Filed
Feb 27, 7:00 PM ET
Accepted
Feb 28, 6:47 PM ET
Size
8.6 KB
Accession
0001225208-17-004972
Insider Transaction Report
Form 4
MINUTOLI ROBERT
Chief Operating Officer
Transactions
- Award
Common Shares
2017-02-24$28.36/sh+12,341$349,991→ 55,407.784 total - Award
LTIP Units (2017 OPP)
2017-02-24+15,272→ 15,272 total→ Common Shares (15,272 underlying)
Footnotes (5)
- [F1]These common shares of beneficial interest, par value $0.01 ("Common Shares") of Urban Edge Properties (the "Issuer") were issued as "Restricted Stock" under the terms of the Urban Edge Properties 2015 Omnibus Share Plan (the "Omnibus Plan"). These shares vest ratably over three years subject to continued employment through each vesting date with the initial vesting occuring on February 24, 2018.
- [F2]Total includes Common Shares purchased, if any, through the Urban Edge Properties employee stock purchase plan and dividend reinvestment plan.
- [F3]Represents LTIP Units in Urban Edge Properties LP granted pursuant to the Urban Edge Properties 2017 Outperformance Plan (the "2017 Outperformance Plan" or "2017 OPP") under the Omnibus Plan.
- [F4]Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and vesting, each LTIP Unit may be converted, at the election of the holder, into a Common Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of the Issuer. LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. The LTIP Units are scheduled to vest 50% on February 24, 2020 and 25% on each of February 24, 2021 and February 24, 2022, subject to continued employment through such dates and the achievement of certain performance based criteria based on the Issuer's total return to shareholders through February 24, 2020.
- [F5]Excludes 45,816 LTIP Units granted under the 2017 OPP the vesting of which is subject to conditions (other than the passage of time and continued employment) that are not tied solely to the market price of an equity security of the Issuer. The vesting conditions relate to the Issuer's total shareholder return relative to the total shareholder return of a basket of peer group companies.
Documents
Issuer
Urban Edge Properties
CIK 0001611547
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001611547
Filing Metadata
- Form type
- 4
- Filed
- Feb 27, 7:00 PM ET
- Accepted
- Feb 28, 6:47 PM ET
- Size
- 8.6 KB