ALEXANDERS INC — Director's Dealing 2005

Mar 7, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALEXANDERS INC (ALX)
CIK: 0000003499
Period of Report: 2005-03-03

Reporting Person: UNDERBERG NEIL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-03	Common Shares	M	1000	$70.375	Acquired	1500	Direct
2005-03-03	Common Shares	S	1000	$250.195	Acquired	500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-03	Options (Right to Buy)	$70.375	M	1000	Acquired	2009-03-04	Common Shares (1000)	Direct