UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(AMENDMENT NO. ___)*
Urstadt Biddle Properties Inc.
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(Name of Issuer)
Class A Common Stock, $.01 par value
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(Title of Class of Securities)
917286 20 5
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(CUSIP Number)
August 14, 1998
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(Date of Event Which Requires
Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 (the "Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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<PAGE>
CUSIP NO. 917286 20 5
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1 Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
Countryside Square Limited Partnership
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group
a. [ ]
b. [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of 600,000
Shares ----------------------------------------------------------
Beneficially 6 Shared Voting Power
Owned by 0
Each ----------------------------------------------------------
Reporting 7 Sole Dispositive Power
Person With 600,000
----------------------------------------------------------
8 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
600,000
- --------------------------------------------------------------------------------
10 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented By Amount in Row (11)
10.9%
- --------------------------------------------------------------------------------
12 Type of Reporting Person
PN
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<PAGE>
CUSIP NO. 917286 20 5
- --------------------------------------------------------------------------------
1 Name of Reporting Person
I.R.S. Identification No. of Above Person (Entities Only)
Urstadt Biddle Properties Inc.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box If a Member of a Group
a. [ ]
b. [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Citizenship or Place of Organization
Maryland
- --------------------------------------------------------------------------------
5 Sole Voting Power
Number of 600,000
Shares ----------------------------------------------------------
Beneficially 6 Shared Voting Power
Owned by 0
Each ----------------------------------------------------------
Reporting 7 Sole Dispositive Power
Person With 600,000
----------------------------------------------------------
8 Shared Dispositive Power
0
- --------------------------------------------------------------------------------
9 Aggregate Amount Beneficially Owned by Each Reporting Person
600,000
- --------------------------------------------------------------------------------
10 Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
- --------------------------------------------------------------------------------
11 Percent of Class Represented By Amount in Row (11)
10.9%
- --------------------------------------------------------------------------------
12 Type of Reporting Person
CO
- --------------------------------------------------------------------------------
Page 3 of 9
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ITEM 1(a). NAME OF ISSUER:
Urstadt Biddle Properties Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
321 Railroad Avenue
Greenwich, Connecticut 06830
ITEM 2(a). NAME OF PERSONS FILING:
Countryside Square Limited Partnership ("Countryside")
Urstadt Biddle Properties Inc. ("UBP")
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Countryside Square Limited Partnership
321 Railroad Avenue
Greenwich, Connecticut 06830
Urstadt Biddle Properties Inc.
321 Railroad Avenue
Greenwich, Connecticut 06830
ITEM 2(c). CITIZENSHIP:
Countryside: Delaware
UBP: Maryland
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Class A Common Stock, par value $.01 per share
ITEM 2(e). CUSIP NUMBER
917286 20 5
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), OR
13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange
Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of
the Exchange Act.
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act.
(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
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<PAGE>
(f) [ ] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act.
(i) [ ] A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act.
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check
this box. [X]
ITEM 4. OWNERSHIP.
Pursuant to the terms of a Limited Partnership Agreement of
Countryside, dated as of November 22, 1996, by and among UBP,
as general partner, and the limited partners signatory
thereto, UBP, as the sole general partner of Countryside, may
be deemed to be the indirect beneficial owner of the 600,000
shares of Class A Common Stock of UBP beneficially owned by
Countryside.
(a) AMOUNT BENEFICIALLY OWNED:
Countryside: 600,000
UBP 600,000
(b) PERCENT OF CLASS:
Countryside: 10.9%
UBP: 10.9%
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) SOLE POWER TO VOTE OR TO DIRECT THE VOTE
Countryside: 600,000
UBP: 600,000
(ii) SHARED POWER TO VOTE OR TO DIRECT THE VOTE
Countryside: 0
UBP: 0
(iii) SOLE POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF
Countryside: 600,000
UBP: 600,000
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<PAGE>
(iv) SHARED POWER TO DISPOSE OR TO DIRECT THE
DISPOSITION OF
Countryside: 0
UBP: 0
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect.
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<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: August 24, 1998
COUNTRYSIDE SQUARE LIMITED
PARTNERSHIP
By: URSTADT BIDDLE PROPERTIES INC.,
as General Partner
By: /s/ Charles J. Urstadt
---------------------------------
Name: Charles J. Urstadt
Title: Chairman and Chief
Executive Officer
URSTADT BIDDLE PROPERTIES INC.
By: /s/ Charles J. Urstadt
--------------------------------------
Name: Charles J. Urstadt
Title: Chairman and Chief Executive
Officer
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<PAGE>
EXHIBIT INDEX
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Exhibit
1. Joint Filing Agreement, dated August 24, 1998.
Page 8 of 9
Exhibit 1
AGREEMENT
The undersigned hereby agree that this Statement on Schedule 13G with
respect to the beneficial ownership of shares of Class A Common Stock of Urstadt
Biddle Properties Inc. is filed jointly, on behalf of each of them.
Dated: August 24, 1998
COUNTRYSIDE SQUARE LIMITED PARTNERSHIP
By: URSTADT BIDDLE PROPERTIES INC.,
as General Partner
By: /s/ Charles J. Urstadt
----------------------------
Name: Charles J. Urstadt
Title: Chairman and Chief
Executive Officer
URSTADT BIDDLE PROPERTIES INC.
By: /s/ Charles J. Urstadt
--------------------------------------
Name: Charles J. Urstadt
Title: Chairman and Chief Executive
Officer
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