Eilberg Herbert 4/A
4/A · Urban Edge Properties · Filed Mar 22, 2019
Insider Transaction Report
Form 4/AAmended
Eilberg Herbert
Chief Investment Officer
Transactions
- Award
LTIP Units
2019-02-27+8,042→ 8,042 total→ Common Shares (8,042 underlying)
Footnotes (3)
- [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 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"). 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.
- [F2]The reporting person's Form 4 filed on March 1, 2019 inadvertently reported 8,117 Common Units granted instead of 8,042 Common Units granted.
- [F3]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.