Katherine M. Sandstrom - Oct 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
Oct 3, 2022
Transactions value $
$0
Form type
4
Date filed
10/4/2022, 05:35 PM
Previous filing
Oct 3, 2022
Next filing
May 1, 2023

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 LTIP Units Award +9.23K 9.23K Oct 3, 2022 Common Shares 9.23K $0.00 Direct F1
transaction UE LTIP Units Award +6.33K 6.33K Oct 3, 2022 Common Shares 6.33K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 "LTIP Units" are units of Urban Edge Properties LP ("UELP"), the operating partnership of Urban Edge Properties ("UE"), issued under the Urban Edge Properties 2015 Omnibus Share Plan, that, following the occurrence of certain events and upon vesting, are convertible by the holder into an equivalent number of Common Partnership Units of UELP ("Common Units") that are in turn redeemable by the holder for cash or, at UE's election, common shares, par value $0.01 ("Common Shares") of UE on a one-for-one basis or the cash value of such shares. These LTIP Units are fully vested and exercisable.
F2 These LTIP Units vest on May 3, 2023, subject to the reporting person continuing to serve on UE's Board of Trustees until such date.