Urban Edge Properties — Director's Dealing 2018

Sep 28, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Urban Edge Properties (UE)
CIK: 0001611547
Period of Report: 2018-09-27

Reporting Person: Briggs Donald Ten Eyck (President of Development)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-09-27	LTIP Units	$	A	132276.0000	Acquired		Common Shares (132276.0000)	Direct
2018-09-27	LTIP Units	$	A	49986.0000	Acquired		Common Shares (49986.0000)	Direct
2018-09-27	Stock Options (Right to Buy)	$21.7200	A	1000000.0000	Acquired	2028-09-27	Common Shares (1000000.0000)	Direct

Footnotes

F1: Granted pursuant to the Urban Edge Properties 2018 Inducement Equity Plan (the "Inducement 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"). The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. The LTIP Units vest over five years, subject to continued employment through each vesting date (unless otherwise provided in his employment agreement), with one third vesting on each of the third, fourth and fifth anniversaries of the grant date.

F2: Granted pursuant to the Inducement 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 Unit in UELP. Each Common Unit acquired upon conversion of an LTIP Unit may be converted into one Common Share of the Issuer. The right to convert LTIP Units into Common Units and to convert Common Units into Common Shares do not have expiration dates. The LTIP Units vest over three years, subject to continued employment through each vesting date (unless otherwise provided in his employment agreement), with 31,056 units vesting February 12, 2019, 12,859 units vesting on February 12, 2020 and 6,071 units vesting February 6, 2021.

F3: Granted pursuant to the Inducement Plan. The options vest over five years, subject to continued employment through each vesting date (unless otherwise provided in his employment agreement), with one third vesting on each of the third, fourth and fifth anniversaries of the grant date.