Sec Form 4 Filing - Urstadt Elinor F @ URSTADT BIDDLE PROPERTIES INC - 2023-08-18

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Urstadt Elinor F
2. Issuer Name and Ticker or Trading Symbol
URSTADT BIDDLE PROPERTIES INC [ UBP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
1 EASTBOURNE AVENUE, APT #2C
3. Date of Earliest Transaction (MM/DD/YY)
08/18/2023
(Street)
BRONXVILLE, NY10708
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/18/2023 D 125,000 D 0 I See Footnote ( 2 )
Common Stock 08/18/2023 D 280,570 D 0 I See Footnote ( 3 )
Common Stock 08/18/2023 D 220,000 D 0 I See Footnote ( 4 )
Common Stock 08/18/2023 D 888,426 D 0 I See Footnote ( 5 )
Common Stock 08/18/2023 D 1,942,431 D 0 I See Footnote ( 6 )
Common Stock 08/18/2023 D 455,721 D 0 I See Footnote ( 7 )
Common Stock 08/18/2023 D 450,000 D 0 I See Footnote ( 8 )
Common Stock 08/18/2023 D 76,050 D 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Urstadt Elinor F
1 EASTBOURNE AVENUE
APT #2C
BRONXVILLE, NY10708
X
Estate of Urstadt, Charles J.
1 EASTBOURNE AVENUE
APT #2C
BRONXVILLE, NY10708
X
Signatures
/s/ Elinor F. Urstadt, as executor of the Estate of Charles J. Urstadt 08/18/2023
Signature of Reporting Person Date
/s/ Elinor F. Urstadt 08/18/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )All shares were disposed of pursuant to the Merger Agreement, by and among Regency Centers Corporation ("Regency"), Hercules Merger Sub, LLC, Urstadt Biddle Properties Inc., UB Maryland I, Inc., and UB Maryland II, Inc. in exchange for an aggregate of 1,540,052 shares of Regency common stock having a closing price of $61.31 per share on the effective date of the mergers.
( 2 )Shares held by the Estate of Charles J. Urstadt, of which the Reporting Person is the executor.
( 3 )Shares held by the Marital Deduction Trust, of which the Reporting Person and Catherine U. Biddle are trustees and the Reporting Person is the beneficiary.
( 4 )Shares held by the Charles J. Urstadt 2012 Family Trust of which the Reporting Person is a trustee.
( 5 )Shares held by Urstadt Property Company, Inc. ("UPCO"), a Delaware corporation, and reported in the Reporting Person's capacity as executor of the Estate of Charles J. Urstadt.
( 6 )Shares held by Urstadt Realty Associates Co. LP, a Delaware limited partnership of which UPCO is the general partner, and the Estate of Charles J. Urstadt, the Reporting Person, Catherine U. Biddle Irrevocable Trust and the Charles D. Urstadt Irrevocable Trust are limited partners. Reported in the Reporting Person's capacity as executor of the Estate of Charles J. Urstadt.
( 7 )Shares held by Urstadt Realty Shares II LP, a Delaware limited partnership of which UPCO is the general partner and the Estate of Charles J. Urstadt is the limited partner. Reported in the Reporting Person's capacity as executor of the Estate of Charles J. Urstadt.
( 8 )Shares held by the Elinor F. Urstadt 2016 Gift Trust, of which JP Morgan and Catherine U Biddle are trustees.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.