X0202 4 2008-01-02 0 0001029800 URSTADT BIDDLE PROPERTIES INC UBA 0001222959 CONWAY E VIRGIL 101 PARK AVENUE 30TH FL NEW YORK NY 10178 1 0 0 0 Class A Common Stock 2008-01-02 4 J 0 900 0 A 77896 I See footnote On January 2, 2008, the Issuer entered into an agreement with E. Virgil Conway (the "Reporting Person") whereby the Reporting Person was granted a restricted stock award of 900 shares of Class A Common Stock pursuant to the Issuer's Amended and Restated Restricted Stock Award Plan (the "Restricted Stock Award Plan"). This figure includes 3,800 restricted shares of Class A Common Stock issued pursuant to the Restricted Stock Award Plan. On January 2, 2008, restrictions applicable to a previously reported grant of 500 shares of Class A 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. The Reporting Person is the direct beneficial owner of 21,896 shares of Class A Common Stock, which includes the 3,800 restricted shares of Class A Common Stock referenced in Footnote (2). Additionally, he is the indirect beneficial owner of 56,000 shares of Class A Common Stock, of which 46,000 are held in the name of the Reporting Person's IRA Rollover Trust and 10,000 are owned by The Conway Foundation (the "Foundation"), of which the Reporting Person and his wife, Elaine Conway, are the sole directors. Mr. Conway disclaims beneficial ownership of any shares held by the Foundation. E. Virgil Conway by Thomas D. Myers as Attorney in Fact 2008-01-04