Briggs Donald Ten Eyck 4
4 · Urban Edge Properties · Filed Mar 1, 2019
Insider Transaction Report
Form 4
Briggs Donald Ten Eyck
President of Development
Transactions
- Award
LTIP Units
2019-02-27+41,291→ 41,291 total→ Common Shares (41,291 underlying)
Footnotes (2)
- [F1]Granted pursuant to the Urban Edge Properties 2015 Omnibus Share Plan (the "Omnibus Plan") and conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes andvesting, 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 anLTIP Unit may be converted into one Common Share of the Urban Edge Properties (the "Issuer"). LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. Theright to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates.
- [F2]The LTIP Units vest ratably over three years, subject to continued employment through each vesting date, with the initial vesting occurring on February 27, 2020.