4//SEC Filing
Briggs Donald Ten Eyck 4
Accession 0001225208-18-013820
CIK 0001611547other
Filed
Sep 27, 8:00 PM ET
Accepted
Sep 28, 9:03 PM ET
Size
11.1 KB
Accession
0001225208-18-013820
Insider Transaction Report
Form 4
Briggs Donald Ten Eyck
President of Development
Transactions
- Award
Stock Options (Right to Buy)
2018-09-27+1,000,000→ 1,000,000 totalExercise: $21.72Exp: 2028-09-27→ Common Shares (1,000,000 underlying) - Award
LTIP Units
2018-09-27+132,276→ 132,276 total→ Common Shares (132,276 underlying) - Award
LTIP Units
2018-09-27+49,986→ 182,262 total→ Common Shares (49,986 underlying)
Footnotes (3)
- [F1]Granted pursuant to the Urban Edge Properties 2018 Inducement Equity Plan (the "Inducement Plan") and 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 Partnership Unit (a "Common Unit") in Urban Edge Properties LP ("UELP"). Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of the Urban Edge Properties (the "Issuer"). 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 vest over five years, subject to continued employment through each vesting date (unless otherwise provided in his employment agreement), with one third vesting on each of the third, fourth and fifth anniversaries of the grant date.
- [F2]Granted pursuant to the Inducement Plan and 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 in UELP. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of the Issuer. 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 vest over three years, subject to continued employment through each vesting date (unless otherwise provided in his employment agreement), with 31,056 units vesting February 12, 2019, 12,859 units vesting on February 12, 2020 and 6,071 units vesting February 6, 2021.
- [F3]Granted pursuant to the Inducement Plan. The options vest over five years, subject to continued employment through each vesting date (unless otherwise provided in his employment agreement), with one third vesting on each of the third, fourth and fifth anniversaries of the grant date.
Documents
Issuer
Urban Edge Properties
CIK 0001611547
Entity typeother
Related Parties
1- filerCIK 0001713877
Filing Metadata
- Form type
- 4
- Filed
- Sep 27, 8:00 PM ET
- Accepted
- Sep 28, 9:03 PM ET
- Size
- 11.1 KB