4//SEC Filing
Olson Jeffrey S 4
Accession 0001225208-24-010754
CIK 0001611547other
Filed
Dec 11, 7:00 PM ET
Accepted
Dec 12, 5:14 PM ET
Size
12.7 KB
Accession
0001225208-24-010754
Insider Transaction Report
Form 4
Olson Jeffrey S
DirectorChairman of the Board & CEO
Transactions
- Sale
Common Shares
2024-12-11$22.45/sh−240,000$5,388,000→ 1,930.8 total - Conversion
LTIP Units
2024-12-10−209,213→ 0 total→ Common Shares (209,213 underlying) - Conversion
LTIP Units
2024-12-10−30,787→ 30,710 total→ Common Shares (30,787 underlying) - Conversion
Common Shares
2024-12-10+240,000→ 241,930.8 total
Footnotes (5)
- [F1]240,000 LTIP units ("LTIP Units") in Urban Edge Properties LP (the "Partnership"), of which Urban Edge Properties (the "Issuer") is the sole general partner, were exchanged for an equal number of Common Partnership Units ("Common Units") in the Partnership, which were subsequently redeemed for an equal number of common shares of beneficial interest, par value $0.01 ("Common Shares") of the Issuer. Following this conversion, Mr. Olson will own 1,877,453 LTIP Units across numerous tranches of LTIP Unit issuances.
- [F2]Total includes Common Shares of the Issuer purchased, if any, through the Issuer's employee stock purchase plan and dividend reinvestment plan.
- [F3]The range of prices for the transaction reported on this line was $22.33 to $22.62. The weighted average price was $22.45. The reporting person will provide, upon request by the SEC, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F4]Represents LTIP Units granted pursuant to the Urban Edge Properties 2015 Omnibus Plan (the "Omnibus Plan"). 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. The rights to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. The LTIP Units vested on February 17, 2015.
- [F5]Represents LTIP Units granted pursuant to the Omnibus Plan and earned pursuant to the UEP 2015 Outperformance Plan following the achievement of certain relative total shareholder return goals over the three-year period ending November 5, 2018. 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. The rights to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. 50% of the LTIP Units vested on November 5, 2018 and 25% vested on each of November 6, 2019 and November 6, 2020, respectively.
Documents
Issuer
Urban Edge Properties
CIK 0001611547
Entity typeother
Related Parties
1- filerCIK 0001374811
Filing Metadata
- Form type
- 4
- Filed
- Dec 11, 7:00 PM ET
- Accepted
- Dec 12, 5:14 PM ET
- Size
- 12.7 KB