Umh

Director's Dealing • Mar 9, 2022

UMH PROPERTIES, INC. Reported by KOSTER CRAIG

FORM 4

(Statement of Changes in Beneficial Ownership)

Filed 03/08/22 for the Period Ending 03/08/22

Address	ROUTE SUITE 3-C 3499 9 N ,
	BUSINESS JUNIPER PLAZA
	FREEHOLD NJ 07728 , ,
Telephone	7325779997
CIK	0000752642
Symbol	UMH
SIC Code	- Real Estate Investment Trusts 6798
Industry	Residential REITs
Sector	Financials
Fiscal Year	12/31

ORM F 4
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[ ] Check this box if no longer subject to Section 16. Form 4 or continue. See Instruction 1(b).

FORM 4 Washington, D.C. 20549

OMB Number: 3235-0287 Estimated average burden hours per response... 0.5

Form 5 obligations may UNITED STATES SECURITIES AND EXCHANGE COMMISSION STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES OMB APPROVAL

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 *	2. Issuer Name and Ticker or Trading Symbol	5. Relationship of Reporting Person(s) to Issuer
		(Check all applicable)
Koster Craig	UMH PROPERTIES, INC. [ UMH ]
(Last) (First) (Middle)	3. Date of Earliest Transaction (MM/DD/YYYY)	_ Director ___ 10% Owner
		X Officer (give title below) _____ Other (specify below)
3499 ROUTE 9 NORTH, SUITE 3C	3/8/2022	General Counsel
(Street)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line)
FREEHOLD, NJ 07728		_X _ Form filed by One Reporting Person
(City) (State) (Zip)		___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security	2. Trans. Date	2A. Deemed	3. Trans. Code			4. Securities Acquired (A)		5. Amount of Securities Beneficially Owned	6.	7. Nature
(Instr. 3)		Execution	(Instr. 8)			or Disposed of (D)		Following Reported Transaction(s)	Ownership	of Indirect
		Date, if any			(Instr. 3, 4 and 5)			(Instr. 3 and 4)	Form:	Beneficial
									Direct (D)	Ownership
									or Indirect	(Instr. 4)
						(A) or			(I) (Instr.
			Code	V	Amount	(D)	Price		4)
UMH Properties, Inc.	3/8/2022		M		(1) 2500	A	\$9.77	52474.58	D

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	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)	Expiration Date	6. Date Exercisable and	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	10. Ownership Form of Derivative Security:	11. Nature of Indirect Beneficial Ownership (Instr. 4)
	Security			Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares		Following Reported Transaction(s) (Instr. 4)	Direct (D) or Indirect (I) (Instr. 4)
UMH Properties, Inc.	\$22.57							7/14/2022	7/14/2031	UMH Properties, Inc.	50000		50000	D
UMH Properties, Inc.	\$9.7							3/25/2021	3/25/2030	UMH Properties, Inc.	30000		30000	D
UMH Properties, Inc.	\$11.42							1/2/2020	1/2/2029	UMH Properties, Inc.	20000		20000	D
UMH Properties, Inc.	\$13.09							4/2/2019	4/2/2028	UMH Properties, Inc.	20000		20000	D
UMH Properties, Inc.	\$15.04							4/4/2018	4/4/2027	UMH Properties, Inc.	20000		20000	D
UMH Properties, Inc.	\$9.77	3/8/2022		M			(1) 2500	4/5/2017	4/5/2024	UMH Properties, Inc.	7000	\$0	4500	D

Explanation of Responses:

(1) Exercise of stock options.

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% OwnerOfficer		Other
Koster Craig 3499 ROUTE 9 NORTH SUITE 3C FREEHOLD, NJ 07728			General Counsel

Signatures

Nelli Madden	3/8/2022

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).

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