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