0001225208-24-004208.txt : 20240313
0001225208-24-004208.hdr.sgml : 20240313
20240313184925
ACCESSION NUMBER: 0001225208-24-004208
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240311
FILED AS OF DATE: 20240313
DATE AS OF CHANGE: 20240313
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Milton Robert C. III
CENTRAL INDEX KEY: 0001518163
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36523
FILM NUMBER: 24747397
MAIL ADDRESS:
STREET 1: C/O CIFC CORP.
STREET 2: 250 PARK AVENUE, 4TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10177
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Urban Edge Properties
CENTRAL INDEX KEY: 0001611547
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 476311266
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 210 ROUTE 4 EAST
CITY: PARAMUS
STATE: NJ
ZIP: 07652
BUSINESS PHONE: 201-587-1000
MAIL ADDRESS:
STREET 1: 210 ROUTE 4 EAST
CITY: PARAMUS
STATE: NJ
ZIP: 07652
FORMER COMPANY:
FORMER CONFORMED NAME: Vornado SpinCo
DATE OF NAME CHANGE: 20140623
4
1
doc4.xml
X0508
4
2024-03-11
0001611547
Urban Edge Properties
UE
0001518163
Milton Robert C. III
C/O URBAN EDGE PROPERTIES
210 ROUTE 4 EAST
PARAMUS
NJ
07652
1
General Counsel and Secretary
0
Common Shares
2024-03-11
4
C
0
26333.0000
0.0000
A
26333.0000
D
Common Shares
2024-03-12
4
S
0
26333.0000
17.0168
D
0.0000
D
LTIP Units
2024-03-11
4
C
0
5792.0000
0.0000
D
Common Shares
5792.0000
0.0000
D
LTIP Units
2024-03-11
4
C
0
1869.0000
0.0000
D
Common Shares
1869.0000
0.0000
D
LTIP Units (2019 LTI Time)
2024-03-11
4
C
0
3333.0000
0.0000
D
Common Shares
3333.0000
0.0000
D
LTIP Units (2019 LTI Perf.)
2024-03-11
4
C
0
2903.0000
0.0000
D
Common Shares
2903.0000
0.0000
D
LTIP Units (2020 LTI Time)
2024-03-11
4
C
0
3887.0000
0.0000
D
Common Shares
3887.0000
0.0000
D
LTIP Units (2021 LTI Perf.)
2024-03-11
4
C
0
2638.0000
0.0000
D
Common Shares
2638.0000
2639.0000
D
LTIP Units (2021 LTI Time)
2024-03-11
4
C
0
5911.0000
0.0000
D
Common Shares
5911.0000
1647.0000
D
26,333 LTIP units ("LTIP Units") in Urban Edge Properties LP (the "Partnership"), of which 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.
Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $16.94 to $17.12 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
Represents LTIP Units granted pursuant to the Urban Edge Properties 2015 Omnibus Plan (the "Omnibus Plan"). The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 20, 2021.
Represents LTIP Units granted pursuant to the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 27, 2020.
Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2019 long-term incentive plan under the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 27, 2020.
Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2019 long-term incentive plan under the Omnibus Plan. 50% of the LTIP Units vested on March 2, 2022 and 25% on each of February 27, 2023 and February 27, 2024.
Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2020 long-term incentive plan under the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 20, 2021.
Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Omnibus Plan. 50% of the LTIP Units vested on February 22, 2024 and 25% will vest on each of February 9, 2025 and February 9, 2026, subject to continued employment through such dates.
Represents LTIP Units in the Partnership granted pursuant to the Urban Edge Properties 2021 long-term incentive plan under the Omnibus Plan. The LTIP Units vested ratably over three years, with the initial vesting having occurred on February 10, 2022.
/s/ Robert C. Milton III
2024-03-13