ALEXANDERS INC — Director's Dealing 2007

Jan 8, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALEXANDERS INC (ALX)
CIK: 0000003499
Period of Report: 2007-01-04

Reporting Person: UNDERBERG NEIL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-04	Common Shares	M	1000	$70.375	Acquired	1500	Direct
2007-01-04	Common Shares	S	100	$424.55	Disposed	1400	Direct
2007-01-04	Common Shares	S	200	$425.55	Disposed	1200	Direct
2007-01-04	Common Shares	S	200	$425.50	Disposed	1000	Direct
2007-01-04	Common Shares	S	200	$426	Disposed	800	Direct
2007-01-04	Common Shares	S	200	$426.25	Disposed	600	Direct
2007-01-04	Common Shares	S	100	$426.75	Disposed	500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-04	Options (Right to Buy)	$70.375	M	1000	Disposed	2009-03-04	Common Shares (1000)	Direct