4//SEC Filing
Eilberg Herbert 4
Accession 0001225208-19-006583
CIK 0001611547other
Filed
Apr 7, 8:00 PM ET
Accepted
Apr 8, 6:22 PM ET
Size
9.5 KB
Accession
0001225208-19-006583
Insider Transaction Report
Form 4
Eilberg Herbert
Chief Investment Officer
Transactions
- Award
LTIP Units (2019 LTI Perf.)
2019-04-04+4,302→ 4,302 total→ Common Shares (4,302 underlying) - Award
LTIP Units (2019 LTI Time)
2019-04-04+3,333→ 3,333 total→ Common Shares (3,333 underlying)
Footnotes (4)
- [F1]Represents LTIP Units in Urban Edge Properties LP granted pursuant to the Urban Edge Properties 2019 long-term incentive plan (the "2019 LTI") the Urban Edge Properties 2015 Omnibus Share Plan (the "Omnibus Plan"). The 2019 LTI program is comprised of LTIP Units that vest solely based on time ("2019 LTI Time") and those that vest subject to both time and performance hurdles ("2019 LTI Perf").
- [F2]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.
- [F3]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 vest ratably over three years, subject to continued employment through each vesting date, with the initial vesting occurring on February 27, 2020.
- [F4]The LTIP Units are scheduled to vest 50% on February 27, 2022 and 25% on each of February 27, 2023 and February 27, 2024, 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 27, 2022. Excludes 10,144 units granted under the 2019 LTI 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 typeother
Related Parties
1- filerCIK 0001641084
Filing Metadata
- Form type
- 4
- Filed
- Apr 7, 8:00 PM ET
- Accepted
- Apr 8, 6:22 PM ET
- Size
- 9.5 KB