ALEXANDERS INC — Director's Dealing 2004

Aug 26, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALEXANDERS INC (ALX)
CIK: 0000003499
Period of Report: 2004-08-24

Reporting Person: UNDERBERG NEIL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-24	Common Shares	M	2000	$70.375	Acquired	2500	Direct
2004-08-24	Common Shares	S	2000	$180	Disposed	500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-24	Options (Right to Buy)	$70.375	M	2000	Disposed	2009-03-04	Common Shares (2000)	Direct

Footnotes

F1: Number of common shares beneficially owned as of August 24, 2004.

F2: Immediately.