X0202 4/A 2007-01-02 2007-01-04 0 0001029800 URSTADT BIDDLE PROPERTIES INC UBP 0001070094 BIDDLE WILLING L 53 ELMWOOD ROAD SOUTH SALEM NY 10590 1 1 1 0 President and COO Common Stock 2007-01-02 4 J 0 60000 0 A 1445753 I See footnote On January 2, 2007, the Issuer entered into an agreement with Willing L. Biddle (the "Reporting Person") whereby the Reporting Person was granted a restricted stock award of 60,000 shares of Common Stock pursuant to the Issuer's Amended and Restated Restricted Stock Award Plan (the "Restricted Stock Award Plan"). This figure includes 522,500 restricted shares of Common Stock issued pursuant to the Restricted Stock Award Plan. On January 2, 2007, restrictions applicable to a previously reported grant of 55,000 restricted shares of Common Stock lapsed resulting in the Reporting Person becoming fully vested in such shares. This resulted in no change in the number of shares beneficially owned by the Reporting Person. Mr. Biddle is the direct beneficial owner of 1,429,305 shares of Common Stock, including the 522,500 restricted shares referenced in footnote (2). He is the indirect beneficial owner of 2,878 shares of Common Stock owned by the Trust Established Under the Urstadt Biddle Properties Inc. Excess Benefits and Deferred Compensation Plan, 2,307 shares of Common Stock owned by the Willing L.Biddle IRA for the benefit of Mr.Biddle, 5,163 shares of Common Stock owned by the P.T. Biddle (Deceased) IRA for the benefit of Mr. Biddle, 4,475 shares of Common Stock owned beneficially and of record by Catherine U.Biddle, Mr. Biddle's wife, 555 shares of Common Stock owned beneficially and of record by the Catherine U.Biddle IRA for the benefit of Catherine U.Biddle, and 1,070 shares of Common Stock owned by the Charles and Phoebe Biddle Trust UAD 12/20/93 for the benefit of the Issue of Willing L.Biddle (the "Biddle Trust"). Mr. Biddle and Charles J.Urstadt are the sole trustees of the Biddle Trust. The Form 4 that was originally filed to report the above transaction was filed without the Power of Attorney attachment. Willing L. Biddle by Thomas D. Myers as Attorney in Fact 2007-01-04