Kevin P. O'Shea - Jan 3, 2022 Form 4 Insider Report for Urban Edge Properties (UE)

Role
Director
Signature
/s/ Robert C. Milton III under POA
Stock symbol
UE
Transactions as of
Jan 3, 2022
Transactions value $
$17,413
Form type
4
Date filed
1/6/2022, 08:44 AM
Previous filing
Aug 4, 2021
Next filing
Feb 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UE Common Shares Options Exercise $17.4K +910 +8.74% $19.14 11.3K Jan 3, 2022 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction UE Deferred Stock Units Options Exercise -910 -33.31% 1.82K Jan 3, 2022 Common Shares 910 Direct F1, F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction relates to the settlement of the DSUs (as defined herein) by a distribution of Common Shares under the Plan (as defined herein).
F2 On May 8, 2019, an award of 4,552 DSUs previously granted on June 1, 2018 vested. As provided in the Trustee Equity Election Form, the Common Shares underlying the DSUs were not deliverable until the earlier of (i) January 1, 2020 or (ii) the first business day of the year immediately following the year the reporting person ceases to serve as a member of the Company's Board of Trustees, and will be delivered in five equal annual installments.
F3 Represents the value per DSU or Common Share under the Plan (as defined herein), based on the fair market value of the Common Shares on the transaction date.
F4 These Deferred Stock Units ("DSUs") of Urban Edge Properties (the "Company") were issued under the Urban Edge Properties 2015 Omnibus Share Plan (the "Plan"). The DSUs entitle the reporting person to an equivalent number of Common Shares of the Company without the payment of any consideration.
F5 No expiration date is applicable to the DSUs.