Urstadt Biddle Properties (UBA) Form 4 URSTADT BIDDLE PROPERTIES / WILLING L BIDDLE ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BIDDLE WILLING L

(Last) (First) (Middle)

321 RAILROAD AVENUE

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
URSTADT BIDDLE PROPERTIES INC [ UBP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/04/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	01/04/2022		A(1)		100,000	A	$0.00	1,419,262	D(2)
Common Stock	01/04/2022		J(3)		504	A	$0.00	1,419,766	D(2)
Common Stock	01/04/2022		A(4)		2,500	A	$0.00	16,344	I	See footnote(5)
Common Stock								1,110,805	I	See Footnote(6)
Common Stock								852,252	I	See Footnote(7)
Common Stock								5,163	I	See Footnote(8)
Common Stock								1,070	I	See Footnote(9)
Common Stock								21,000	I	See Footnote(10)
Common Stock								2,314	I	See Footnote(11)

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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

Explanation of Responses:

1. On January 4, 2022, the Issuer entered into an agreement with Willing L. Biddle (the "Reporting Person") whereby the Reporting Person was granted a restricted stock award of 100,000 shares of Common Stock that vests on January 4, 2031, pursuant to the Issuer's Amended and Restated Stock Award Plan (the "Restricted Stock Award Plan").

2. Shares held by the Reporting Person, of which 900,000 are restricted shares, subject to vesting, issued pursuant to the Issuer's Restricted Stock Award Plan.

3. On January 4, 2022, the Trust Established Under the Urstadt Biddle Properties Inc. Excess Benefit and Deferred Compensation Plan of 2005 (the "Plan") made a required distribution of 504 shares of Common Stock to the reporting person, a participant in the Plan.

4. On January 4, 2022, the Issuer entered into an agreement with Catherine U. Biddle, spouse of the Reporting Person and a member of the Board of Directors, whereby she was granted a restricted stock award of 2,500 shares of Common Stock that vests on January 4, 2027, pursuant to the Restricted Stock Award Plan.

5. Shares held by Catherine U. Biddle, spouse of the Reporting Person, of which 7,400 are restricted shares, subject to vesting, issued to Catherine U. Biddle pursuant to the Issuer's Restricted Stock Award Plan. The number of shares reported does not include shares of Common Stock of the Issuer owned by Urstadt Realty Associates Co LP ("URACO"), of which the Catherine U. Biddle Irrevocable Trust (the "CUB Trust") is a limited partner. Catherine U. Biddle is the sole beneficiary of the CUB Trust. The number of shares reported also does not include shares of Common Stock of the Issuer owned by Urstadt Property Company, Inc. ("UPCO"), of which Catherine U. Biddle is an officer and shareholder. Shares held by URACO and UPCO are separately reported by Elinor F. Urstadt and the estate of Charles J. Urstadt, the controlling shareholders, and UPCO, the general partner of URACO.

6. Shares held by Willing L. Biddle 2012 Dynasty Trust.

7. Shares held by Catherine U. Biddle 2012 Dynasty Trust.

8. Shares held by Willing L. Biddle Inherited IRA.

9. Shares held by Charles Biddle Trust.

10. Shares held by Trust UW PTB Art 4.1.

11. Shares held by Excess Benefit and Deferred Compensation Plan of 2005, of which the Reporting Person is a participant.

	/s/ Willing L. Biddle	01/05/2022
	** Signature of Reporting Person	Date
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).
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