X0201 4 2004-03-16 0001029800 URSTADT BIDDLE PROPERTIES INC UBA 0001222952 HERRICK PETER ONE STONELEIGH BRONXVILLE NY 10708 1 0 0 0 Class A Common Stock 2004-03-16 4 X 0 1953 7.04 A 46237 D Exercise of Options granting the right to buy Class A Common 7.04 2004-03-16 4 X 0 1953 7.04 D 1995-04-01 2004-04-01 Class A Common Stock 1953 8812 D This figure includes 1,425 restricted shares of Class A Common Stock issued pursuant to the Issuer's Restricted Stock Award Plan. This number represents derivative securities with various strike prices, exercise dates and expiration dates. See footnote 3 below and the Reporting Person's Form 5 dated December 2, 1998. See Exhibit 1 attached. The information set forth herein assumes that the Reporting Person has elected the Class A Stock Option with respect to each Existing Option previously granted to the Reporting Person. If the Reporting Person were to exercise the Common Stock Option or the Combination Option as described in footnote 3 above, the number of derivative securities acquired would be different, all as reported fully in the Reporting Person's Form 5 dated December 2, 1998. Peter Herrick 2004-03-17