ALEXANDERS INC — Director's Dealing 2008

Aug 19, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALEXANDERS INC (ALX)
CIK: 0000003499
Period of Report: 2008-08-15

Reporting Person: UNDERBERG NEIL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-15	Common Shares	M	1400	$70.375	Acquired	1900	Direct
2008-08-15	Common Shares	S	100	$395	Disposed	1800	Direct
2008-08-15	Common Shares	S	100	$395.35	Disposed	1700	Direct
2008-08-15	Common Shares	S	100	$395.44	Disposed	1600	Direct
2008-08-15	Common Shares	S	300	$395.85	Disposed	1300	Direct
2008-08-15	Common Shares	S	100	$396.06	Disposed	1200	Direct
2008-08-15	Common Shares	S	100	$397.05	Disposed	1100	Direct
2008-08-18	Common Shares	S	118	$395	Disposed	982	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-15	Options (Right to Buy)	$70.375	M	1400	Disposed	2009-03-04	Common Shares (1400)	Direct