X0303 4 2011-02-22 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 2011-02-22 4 J 1 4000 0 A 88321 I See footnote On February 22, 2011, the Reporting Person completed an equity swap (the "Equity Swap") of 4,000 shares of Common Stock of the Issuer for 4,000 shares of Class A Common Stock of the Issuer with Willing L. Biddle, an executive officer and director of the Issuer, by acquiring 4,000 shares of Class A Common Stock pursuant to the Equity Swap. This figure includes 4,500 restricted shares of Class A Common Stock issued pursuant to the Issuer's Amended and Restated Restricted Stock Award Plan. The Reporting Person is the direct beneficial owner of 28,321 shares of Class A Common Stock, which includes the 4,500 restricted shares referenced in Footnote (2). Additionally, he is the indirect beneficial owner of 60,000 shares of Class A Common Stock, of which 50,000 shares are held in the name of the Reporting Person's IRA Rollover Trust and 10,000 shares are owned by The Conway Foundation (the "Foundation"), of which the Reporting Person and his wife, Elaine Conway, are officers and directors. Mr. Conway disclaims beneficial ownership of any shares held by the Foundation. E. Virgil Conway by Thomas D. Myers as Attorney-in-Fact 2011-02-23