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ALEXANDERS INC Director's Dealing 2009

Mar 4, 2009

32096_dirs_2009-03-04_53b04831-c58a-4bff-97a7-56419a9296c8.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: 2009-03-02

Reporting Person: FASCITELLI MICHAEL D (Director, President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-03-02 Common Stock M 150000 $63.375 Acquired 150000 Direct
2009-03-02 Common Stock D 150000 $139.50 Disposed 0 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2009-03-02 Stock Appreciation Right $63.375 M 150000 Disposed 2009-03-03 Common Stock (150000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 36 Indirect

Footnotes

F1: The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for the purpose of Section 16 or any other purpose.

F2: Reflects a price reduction of $7.00 per share due to an anti-dilution adjustment resulting from a special dividend paid on October 30, 2008.

F3: 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.