ALEXANDERS INC — Director's Dealing 2008

Nov 14, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALEXANDERS INC (ALX)
CIK: 0000003499
Period of Report: 2008-11-13

Reporting Person: MANDELBAUM DAVID (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-11-13	Common Stock	M	10000	$70.375	Acquired	10000	Direct
2008-11-13	Common Stock	S	1406	$311.1593	Disposed	8594	Direct
2008-11-13	Common Stock	S	100	$312.39	Disposed	8494	Direct
2008-11-13	Common Stock	S	500	$312.87	Disposed	7994	Direct
2008-11-13	Common Stock	S	100	$313.19	Disposed	7894	Direct
2008-11-13	Common Stock	S	100	$315.31	Disposed	7794	Direct
2008-11-13	Common Stock	S	57	$316.59	Disposed	7737	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-11-13	Options (Right to Buy)	$70.375	M	10000	Disposed	2009-03-04	Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1354568	Indirect

Footnotes

F1: Represents weighted average sale price. These Common Shares were sold through the execution of a single market order at prices ranging between $311.00 and $311.73. Full information regarding the number of shares sold at each separate price will be provided upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.

F2: These shares of Common Stock are owned by Interstate Properties, a partnership of which Mr. Mandelbaum is a general partner. The filing of this Form 4 shall not be deemed an admission that Mr. Mandelbaum is the beneficial owner of these common shares, except to the extent of his pecuniary interest therein.

F3: These options were granted on March 4,1999 and became exercisable over the three year period commencing March 4, 2000.