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ALEXANDERS INC Director's Dealing 2008

Oct 16, 2008

32096_dirs_2008-10-16_40c13072-272f-4e26-9036-7809c817a65b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALEXANDERS INC (ALX)
CIK: 0000003499
Period of Report: 2008-10-14

Reporting Person: ROTH STEVEN (Director, Chairman & CEO, 10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-10-14 Common Stock M 100000 $70.375 Acquired 109700 Direct
2008-10-14 Common Stock D 100000 $367.06 Disposed 9700 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-10-14 Stock Appreciation Right $70.375 M 100000 Disposed 2009-03-04 Common Stock (100000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1354568 Indirect

Footnotes

F1: These Common Shares are held by Interstate Properties, a New Jersey general partnership of which Mr. Roth is the managing general partner. The filing of this Form 4 shall not be deemed an admission that Mr. Roth is the beneficial owner of these 1,354,568 Common Shares, except to the extent of his pecuniary interest.

F2: These Stock Appreciation Rights were originally granted as options on March 4, 1999 under the Company's Share Plan. Effective August 1, 2000, they were converted by the Company into Stock Appreciation Rights and became fully vested and exercisable.