-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ItDiUOwWFE1nbhNiL5KNJgSAIz/KXZZkWC+nEn9IaeAfcyCQoDnqv8DmW7UpmbF8 iwju23CkkvHULwgTXhdAUg== 0001005150-98-000871.txt : 19980826 0001005150-98-000871.hdr.sgml : 19980826 ACCESSION NUMBER: 0001005150-98-000871 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19980825 SROS: NYSE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: URSTADT BIDDLE PROPERTIES INC CENTRAL INDEX KEY: 0001029800 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 042458042 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-54519 FILM NUMBER: 98696882 BUSINESS ADDRESS: STREET 1: C/O HRE PROPERTIES INC STREET 2: 321 RAILROAD AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2038638200 FORMER COMPANY: FORMER CONFORMED NAME: HRE PROPERTIES INC DATE OF NAME CHANGE: 19961230 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: URSTADT CHARLES J CENTRAL INDEX KEY: 0000102382 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 087229400 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: URSTADT BIDDLE PROPERTIES INC STREET 2: 321 RAILROAD AVENUE CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 2126264488 MAIL ADDRESS: STREET 1: C/O COUDERT BROTHERS STREET 2: 1114 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 SC 13D/A 1 SCHEDULE 13D/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D (RULE 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (AMENDMENT NO. 7)* Under the Securities Exchange Act of 1934 Urstadt Biddle Properties Inc. ------------------------------------ (Name of Issuer) Common Stock, par value $.01 per share ------------------------------------------- (Title of Class of Securities) 404265 10 0 ------------------------------------------- (CUSIP Number) Charles J. Urstadt Chairman and Chief Executive Officer Urstadt Biddle Properties Inc. 321 Railroad Avenue Greenwich, Connecticut 06830 (203) 863-8200 --------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) August 14, 1998 ---------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13(d)1-(f) or 13d-1(g), check the following box [ ]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b) for other parties to whom copies are to be sent. *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosure provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 11 Pages CUSIP NO. 404265 10 0 - -------------------------------------------------------------------------------- 1 Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Charles J. Urstadt - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group a. [ ] b. [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds N/A - -------------------------------------------------------------------------------- 5 Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States of America - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 15,800 Shares ---------------------------------------------------------- Beneficially 8 Shared Voting Power Owned by 925,000 Each ---------------------------------------------------------- Reporting 9 Sole Dispositive Power Person With 15,800 ---------------------------------------------------------- 10 Shared Dispositive Power 925,000 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 1,502,800 - -------------------------------------------------------------------------------- 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 25.0% - -------------------------------------------------------------------------------- 14 Type of Reporting Person IN - -------------------------------------------------------------------------------- Page 2 of 11 Pages CUSIP NO. 404265 10 0 - -------------------------------------------------------------------------------- 1 Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Urstadt Property Company, Inc. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group a. [ ] b. [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds N/A - -------------------------------------------------------------------------------- 5 Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization Delaware - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 Shares ---------------------------------------------------------- Beneficially 8 Shared Voting Power Owned by 25,000 Each ---------------------------------------------------------- Reporting 9 Sole Dispositive Power Person With 0 ---------------------------------------------------------- 10 Shared Dispositive Power 25,000 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 25,000 - -------------------------------------------------------------------------------- 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 0.5% - -------------------------------------------------------------------------------- 14 Type of Reporting Person CO - -------------------------------------------------------------------------------- Page 3 of 11 Pages CUSIP NO. 404265 10 0 - -------------------------------------------------------------------------------- 1 Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Elinor F. Urstadt - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group a. [ ] b. [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds N/A - -------------------------------------------------------------------------------- 5 Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States of America - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 50,000 Shares ---------------------------------------------------------- Beneficially 8 Shared Voting Power Owned by 0 Each ---------------------------------------------------------- Reporting 9 Sole Dispositive Power Person With 50,000 ---------------------------------------------------------- 10 Shared Dispositive Power 0 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 50,000 - -------------------------------------------------------------------------------- 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 0.9% - -------------------------------------------------------------------------------- 14 Type of Reporting Person IN - -------------------------------------------------------------------------------- Page 4 of 11 Pages CUSIP NO. 404265 10 0 - -------------------------------------------------------------------------------- 1 Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Catherine Urstadt Biddle Irrevocable Trust, by Charles J. Urstadt as Sole Trustee - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group a. [ ] b. [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds N/A - -------------------------------------------------------------------------------- 5 Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States of America - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 Shares ---------------------------------------------------------- Beneficially 8 Shared Voting Power Owned by 450,000 Each ---------------------------------------------------------- Reporting 9 Sole Dispositive Power Person With 0 ---------------------------------------------------------- 10 Shared Dispositive Power 450,000 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 450,000 - -------------------------------------------------------------------------------- 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 8.2% - -------------------------------------------------------------------------------- 14 Type of Reporting Person OO - -------------------------------------------------------------------------------- Page 5 of 11 Pages CUSIP NO. 404265 10 0 - -------------------------------------------------------------------------------- 1 Name of Reporting Person I.R.S. Identification No. of Above Person (Entities Only) Charles D.Urstadt Irrevocable Trust, by Charles J. Urstadt as Sole Trustee - -------------------------------------------------------------------------------- 2 Check the Appropriate Box If a Member of a Group a. [ ] b. [ ] - -------------------------------------------------------------------------------- 3 SEC Use Only - -------------------------------------------------------------------------------- 4 Source of Funds N/A - -------------------------------------------------------------------------------- 5 Check If Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) [ ] - -------------------------------------------------------------------------------- 6 Citizenship or Place of Organization United States of America - -------------------------------------------------------------------------------- 7 Sole Voting Power Number of 0 Shares ---------------------------------------------------------- Beneficially 8 Shared Voting Power Owned by 450,000 Each ---------------------------------------------------------- Reporting 9 Sole Dispositive Power Person With 0 ---------------------------------------------------------- 10 Shared Dispositive Power 450,000 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 450,000 - -------------------------------------------------------------------------------- 12 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented By Amount in Row (11) 8.2% - -------------------------------------------------------------------------------- 14 Type of Reporting Person OO - -------------------------------------------------------------------------------- Page 6 of 11 Pages This Amendment No. 7 to the Schedule 13D dated September 10, 1987, as amended by Amendment Nos. 1 through 6 (the "Schedule 13D"), is being filed pursuant to Rule 13d-2 under the Securities Exchange Act of 1934, as amended, on behalf of: (i) Urstadt Property Company, Inc., (ii) Charles J. Urstadt, (iii) Elinor F. Urstadt, (iv) the Catherine Urstadt Biddle Irrevocable Trust, by Charles J. Urstadt as Sole Trustee and (v) the Charles D. Urstadt Irrevocable Trust, by Charles J. Urstadt as Sole Trustee. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the Schedule 13D. The Schedule 13D is hereby amended and supplemented as follows: ITEM 1. SECURITY AND ISSUER. Item 1 of the Schedule 13D is hereby amended as follows: This Statement on Schedule 13D relates to the Common Stock, par value $.01 per share (the "Common Stock"), of Urstadt Biddle Properties Inc., a Maryland corporation (the "Issuer"). ITEM 2. IDENTITY AND BACKGROUND. Item 2 of the Schedule 13D is hereby amended as follows: The respective names, business addresses, present principal occupations and citizenships of each director and executive officer of UPCO are set forth on Schedule I hereto. ITEM 4. PURPOSE OF TRANSACTION. Item 4 of the Schedule 13D is hereby supplemented as follows: On June 16, 1998, the Board of Directors of the Issuer declared a special stock dividend (the "Stock Dividend") on the Common Stock of the Issuer consisting of one share of a newly created class of Class A Common Stock, par value $.01 per share (the "Class A Common Stock"), for each share of Common Stock outstanding as of the close of business on July 31, 1998 (the "Record Date"). The Stock Dividend was payable on August 14, 1998 to holders of record of the Common Stock at the close of business on the Record Date. Mr. Urstadt is the beneficial owner of approximately 25.0% of the outstanding shares of Common Stock and, upon payment of the Stock Dividend, Mr. Urstadt acquired approximately 18.0% of the outstanding shares of Class A Common Stock. Should Mr. Urstadt sell shares of Class A Common Stock and purchase additional shares of Common Stock, Mr. Urstadt could increase his percentage voting power. Depending upon the actual number of shares of Common Stock acquired by Mr. Urstadt, his position could make it more difficult for a third party to effect an unsolicited take-over attempt or to replace the current members of the Board of Directors of the Issuer, thereby possibly depriving stockholders of the Issuer of an opportunity to sell their shares at a premium over prevailing market prices. While Mr. Urstadt has no present plans or arrangements to acquire or dispose of any shares of Common Stock or Class A Common Stock, it is possible that he could dispose of shares of Class A Common Stock and acquire shares of Common Stock and it is his current intention that if he were to acquire or dispose of any shares, he would acquire shares of Common Stock and dispose of shares of Class A Common Stock. Any such purchases and sales would be dependent upon a number of factors, including market conditions, availability of the shares, market prices and other factors. Except as specifically set forth in this Item 4, none of UPCO, Mr. Urstadt, Mrs. Urstadt, the CUB Trust or the CDU Trust has any plans or proposals which relate to or would result in any of the actions or effects set forth in items (a) through (j) of Item 4 of Schedule 13D, although such persons may develop such plans or proposals. Page 7 of 11 Pages ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5(a) and (b) of the Schedule 13D are hereby amended as follows: (a) UPCO is the beneficial owner of 25,000 shares of Common Stock, constituting 0.5% of the 5,499,717 shares of Common Stock outstanding as of August 21, 1998. Mr. Urstadt is the beneficial owner of 15,800 shares of Common Stock individually, which, when added to the 25,000 shares of Common Stock held by UPCO, the 450,000 shares of Common Stock held by the CUB Trust, the 450,000 shares of Common Stock held by the CDU Trust, the 50,000 shares held by Mrs. Urstadt and the approximately 512,000 shares of Common Stock issuable upon exercise of options exercisable within 60 days held by Mr. Urstadt (the "Option Shares"), constitute 1,502,800 shares of Common Stock, or 25.0% of the sum of (i) the 5,499,717 shares of Common Stock outstanding as of August 21, 1998 plus (ii) the Option Shares. This figure excludes approximately 77,000 shares of Common Stock issuable upon exercise of options which are not currently exercisable and will not become exercisable within 60 days. Mrs. Urstadt is the beneficial owner of 50,000 shares of Common Stock, constituting 0.9% of the 5,499,717 shares of Common Stock outstanding as of August 21, 1998. The CUB Trust is the beneficial owner of 450,000 shares of Common Stock, constituting 8.2% of the 5,499,717 shares of Common Stock outstanding as of August 21, 1998. The CDU Trust is the beneficial owner of 450,000 shares of Common Stock, constituting 8.2% of the 5,499,717 shares of Common Stock outstanding as of August 21, 1998. (b) UPCO and Mr. Urstadt may be deemed to have shared power to vote or direct the voting of and to dispose of or direct the disposition of the 25,000 shares of Common Stock owned by UPCO in view of the fact that Mr. Urstadt and Mrs. Urstadt own a controlling amount of the outstanding voting securities of UPCO. Mr. Urstadt has the sole power to vote or direct the voting of and to dispose of or direct the disposition of 15,800 shares of Common Stock. Mrs. Urstadt has the sole power to vote or direct the voting of and to dispose of or direct the disposition of 50,000 shares of Common Stock. The CUB Trust and Mr. Urstadt may be deemded to have shared power to vote or direct the voting of and to dispose of or direct the disposition of the 450,000 shares of Common Stock owned by the CUB Trust in view of the fact that Mr. Urstadt is the sole trustee of the CUB Trust. The CDU Trust and Mr. Urstadt may be deemed to have shared power to vote or direct the voting of and to dispose of or direct the disposition of the 450,000 shares of Common Stock owned by the CDU Trust in view of the fact that Mr. Urstadt is the sole trustee of the CDU Trust. ITEM 7. MATERIALS TO BE FILED AS EXHIBITS. 1. Joint Filing Agreement, dated August 24, 1998. Page 8 of 11 Pages SIGNATURE After reasonable inquiry and to the best of their respective knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: August 24, 1998 URSTADT PROPERTY COMPANY, INC. By: /s/ Charles J. Urstadt ______________________________________ Name: Charles J. Urstadt Title: Chairman of the Board /s/ Charles J. Urstadt ------------------------------------ Charles J. Urstadt /s/ Elinor F. Urstadt ------------------------------------- Elinor F. Urstadt CATHERINE URSTADT BIDDLE IRREVOCABLE TRUST By: /s/ Charles J. Urstadt -------------------------------- Name: Charles J. Urstadt Title: Trustee CHARLES D. URSTADT IRREVOCABLE TRUST By: /s/ Charles J. Urstadt -------------------------------- Name: Charles J. Urstadt Title: Trustee Page 9 of 11 Pages SCHEDULE I ---------- Reporting Person: Urstadt Property Company, Inc. ("UPCO") 2 Park Place Bronxville, New York 10708 Executive Officers and Directors: Name:........................... Charles J. Urstadt Position:....................... Chairman Principal Occupation and Employment; Business Address:............... Chairman of UPCO; Chairman and Chief Executive Officer of the Issuer; the business address is 321 Railroad Avenue, Greenwich, Connecticut 06830. Citizenship:.................... United States of America Name: ....................... Charles D. Urstadt Position:....................... Director, President and Secretary Principal Occupation and Employment; Business Address:............... President and Secretary of UPCO; the business address is 2 Park Place, Bronxville, New York 10708. Citizenship:.................... United States of America Name: ....................... Jeffrey Urstadt Position:....................... Director, Vice Chairman Principal Occupation and Employment; Business Address:............... Vice Chairman of UPCO; the business address is 2 Park Place, Bronxville, New York 10708. Citizenship:.................... United States of America Name: ....................... Daniel J. Keon Position:....................... Senior Vice President and Treasurer Principal Occupation and Employment; Business Address:............... Senior Vice President and Treasurer of UPCO; the business address is 2 Park Place, Bronxville, New York, 10708. Citizenship:.................... United States of America Name: ....................... Catherine Urstadt Biddle Position:....................... Vice President and Assistant Secretary Principal Occupation and Employment; Business Address:............... Vice President and Assistant Secretary of UPCO; the business address is 2 Park Place, Bronxville, New York 10708. Citizenship:.................... United States of America Page 10 of 12 Pages EXHIBIT INDEX ------------- Exhibit - ------- 1. Joint Filing Agreement, dated August 24, 1998. Page 10 of 11 Pages Exhibit 1 AGREEMENT The undersigned hereby agree that this Statement on Schedule 13D with respect to the beneficial ownership of shares of Common Stock of Urstadt Biddle Properties Inc. is filed jointly, on behalf of each of them. Dated: August 24, 1998 URSTADT PROPERTY COMPANY, INC. By: /s/ Charles J. Urstadt -------------------------------------------- Name: Charles J. Urstadt Title: Chairman of the Board /s/ Charles J. Urstadt -------------------------------------- Charles J. Urstadt /s/ Elinor F. Urstadt -------------------------------------- Elinor F. Urstadt CATHERINE URSTADT BIDDLE IRREVOCABLE TRUST By: /s/ Charles J. Urstadt ------------------------------------------- Name: Charles J. Urstadt Title: Trustee CHARLES D. URSTADT IRREVOCABLE TRUST By: /s/ Charles J. Urstadt ------------------------------------------- Name: Charles J. Urstadt Title: Trustee Page 11 of 11 Pages -----END PRIVACY-ENHANCED MESSAGE-----