X0303 4 2009-01-02 0 0001029800 URSTADT BIDDLE PROPERTIES INC UBP 0000102382 URSTADT CHARLES J 2 PARK PLACE BRONXVILLE NY 10708 1 1 1 0 Chairman of the Board and CEO 0001267830 URSTADT PROPERTY CO INC 2 PARK PLACE BRONXVILLE NY 10708 0 0 0 1 Joint Filer Common Stock 2009-01-02 4 J 0 75000 0 A 3223027 I See Footnote Common Stock 2009-01-02 4 J 0 75000 D 3148027 I See Footnote Common Stock 2009-01-02 4 J 0 758 D 3147269 I See Footnote Common Stock 2009-01-02 4 J 0 75758 A 3223027 I See Footnote On January 2, 2009, the Issuer entered into an agreement with Charles J. Urstadt (the "Reporting Person") whereby the Reporting Person was granted a restricted stock award of 75,000 shares of Common Stock pursuant to the Issuer's Amended and Restated Restricted Stock Award Plan (the "Restricted Stock Award Plan"). This figure includes 431,250 restricted shares of Common Stock issued pursuant to the Restricted Stock Award Plan, which, after the transactions reported on this Form 4, are owned by Urstadt Realty Shares II L.P. ("URS II"), a Delaware limited partnership of which Mr. Urstadt is the limited partner and Urstadt Property Company, Inc. (a Delaware corporation of which Mr. Urstadt is a controlling shareholder) ("UPCO") is the general partner. On January 4, 2009, restrictions applicable to a previously reported grant of 15,000 restricted shares of Common Stock held by URS II lapsed resulting in URS II becoming fully vested in such shares. This resulted in no change in the number of shares held by URS II or in the number of shares beneficially owned by the Reporting Person. Pursuant to an agreement dated January 2, 2009 between UPCO, as general partner of URS II, and Mr. Urstadt, as limited partner of URS II, UPCO and Mr. Urstadt, each transferred Common Stock of the Issuer to URS II in amounts of 758 shares and 75,000 shares, respectively. These contributions had no effect on Mr. Urstadt's beneficial ownership of Common Stock of the Issuer. Mr. Urstadt individually is not the direct beneficial owner of any shares of Common Stock of the Issuer, but when aggregating the 747,803 shares of Common Stock held by URS II (including the 431,250 restricted shares referenced in footnote (2)), the 535,051 shares of Common Stock held by UPCO, the 21,300 shares of Common Stock held by Elinor Urstadt, Mr. Urstadt's wife, the 17,867 shares of Common Stock held by the Trust Established Under the Urstadt Biddle Properties Inc. Excess Benefits and Deferred Compensation Plan for the benefit of Mr. Urstadt, and the 1,901,006 shares of Common Stock held by Urstadt Realty Associates Co LP, a Delaware limited partnership of which UPCO is the general partner, and Mr. Urstadt, Mrs. Urstadt, the Catherine U. Biddle Irrevocable Trust and the Charles D. Urstadt Irrevocable Trust (for each of which trusts Mr. Urstadt is the sole trustee) are the limited partners, results in Mr. Urstadt beneficially owning 3,223,027 shares of Common Stock. Charles J. Urstadt by Thomas D. Myers as Attorney-in-Fact 2009-01-05