FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

BIDDLE WILLING L
2. Issuer Name and Ticker or Trading Symbol

URSTADT BIDDLE PROPERTIES INC [ UBP ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President and CEO
(Last)          (First)          (Middle)

321 RAILROAD AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)

1/3/2023
(Street)

GREENWICH, CT 06830
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 1/3/2023  A(1)  100000 A$0.00 1421686 D (2) 
Common Stock 1/3/2023  A(3)  2600 A$0.00 18944 I See footnote (4)
Common Stock         1166388 I See Footnote (5)
Common Stock         894749 I See Footnote (6)
Common Stock         5163 I See Footnote (7)
Common Stock         1070 I See Footnote (8)
Common Stock         21000 I See Footnote (9)
Common Stock         2430 I See Footnote (10)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares

Explanation of Responses:
(1) On January 3, 2023, the Issuer entered into an agreement with Willing L. Biddle (the "Reporting Person") whereby the Reporting Person was granted a restricted stock award of 100,000 shares of Common Stock that vests on January 3, 2028, pursuant to the Issuer's Amended and Restated Stock Award Plan (the "Restricted Stock Award Plan").
(2) Shares held by the Reporting Person, of which 900,000 are restricted shares, subject to vesting, issued pursuant to the Issuer's Restricted Stock Award Plan.
(3) On January 3, 2023, the Issuer entered into an agreement with Catherine U. Biddle, spouse of the Reporting Person and a member of the Board of Directors, whereby she was granted a restricted stock award of 2,600 shares of Common Stock that vests on January 3, 2028, pursuant to the Restricted Stock Award Plan.
(4) Shares held by Catherine U. Biddle, spouse of the Reporting Person, of which 8,900 are restricted shares, subject to vesting, issued to Catherine U. Biddle pursuant to the Issuer's Restricted Stock Award Plan. The number of shares reported does not include shares of Common Stock of the Issuer owned by Urstadt Realty Associates Co LP ("URACO"), of which the Catherine U. Biddle Irrevocable Trust (the "CUB Trust") is a limited partner. Catherine U. Biddle is the sole beneficiary of the CUB Trust. The number of shares reported also does not include shares of Common Stock of the Issuer owned by Urstadt Property Company, Inc. ("UPCO"), of which Catherine U. Biddle is an officer and shareholder. Shares held by URACO and UPCO are separately reported by Elinor F. Urstadt and the estate of Charles J. Urstadt, the controlling shareholders.
(5) Shares held by Willing L. Biddle 2012 Dynasty Trust.
(6) Shares held by Catherine U. Biddle 2012 Dynasty Trust.
(7) Shares held by Willing L. Biddle Inherited IRA.
(8) Shares held by Charles Biddle Trust.
(9) Shares held by Trust UW PTB Art 4.1.
(10) Shares held by Excess Benefit and Deferred Compensation Plan of 2005, of which the Reporting Person is a participant.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
BIDDLE WILLING L
321 RAILROAD AVENUE
GREENWICH, CT 06830
XXPresident and CEO

Signatures
/s/ Willing L. Biddle1/4/2023
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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