Amended Statement of Changes in Beneficial Ownership (4/a)

Date : 03/22/2019 @ 11:55PM
Source : Edgar (US Regulatory)
Stock : Urban Edge Properties of Beneficial Interest (UE)
Quote : 18.72  0.09 (0.48%) @ 9:02PM
Urban Edge Properties of Beneficial Interest share price Chart

Amended Statement of Changes in Beneficial Ownership (4/a)

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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Olson Jeffrey S
2. Issuer Name and Ticker or Trading Symbol

Urban Edge Properties [ UE ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman of the Board & CEO
(Last)          (First)          (Middle)

C/O URBAN EDGE PROPERTIES, 210 ROUTE 4 EAST
3. Date of Earliest Transaction (MM/DD/YYYY)

2/27/2019
(Street)

PARAMUS, NJ 07652
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

3/1/2019 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
LTIP Units   (1)   (1) 2/27/2019     A      25416.0000   (2)        (3)   (1) Common Shares   25416.0000   (2) $0.0000   25416.0000   (2) D    
Stock Options (Right to Buy)   (4) $19.5300   (5) 2/27/2019     A      128534.0000         (4) 2/27/2029   Common Shares   128534.0000   $0.0000   128534.0000   D    

Explanation of Responses:
(1)  Granted pursuant to the Urban Edge Properties 2015 Omnibus Share Plan (the "Omnibus Plan") and conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes and vesting, each LTIP Unit may be converted, at the election of the holder, into a Common Partnership Unit (a "Common Unit") in Urban Edge Properties LP ("UELP"). Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of the Urban Edge Properties (the "Issuer"). LTIP Units are generally not convertible without the consent of the Issuer until two years from the date of the grant. The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates.
(2)  The reporting person's Form 4 filed on March 1, 2019 inadvertently reported 25,652 Common Units granted instead of 25,416 Common Units granted.
(3)  The LTIP Units vest ratably over four years, subject to continued employment through each vesting date, with the initial vesting occurring on February 27, 2020.
(4)  Granted pursuant to the Omnibus Plan. The options vest ratably over four years, subject to continued employment through each vesting date, with the initial vesting occuring on February 27, 2020.
(5)  The reporting person's Form 4 filed on March 1, 2019 inadvertantly reported the conversion price as $19.35 instead of $19.53.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Olson Jeffrey S
C/O URBAN EDGE PROPERTIES
210 ROUTE 4 EAST
PARAMUS, NJ 07652
X
Chairman of the Board & CEO

Signatures
/s/ Robert C. Milton III under POA 3/22/2019
** 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).
** 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 control number.

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