Empire State Realty Trust, Inc. — Director's Dealing 2017

May 16, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Empire State Realty Trust, Inc. (ESRT)
CIK: 0001541401
Period of Report: 2017-05-12

Reporting Person: Giliberto Salvatore Michael (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-12	LTIP Units	$	A	5816	Acquired		Class A Common Stock (5816)	Direct

Footnotes

F1: Represents LTIP Units ("LTIP Units"), a class of units of Empire State Realty OP, L.P. (the "Operating Partnership"). The LTIP Units are
covertible by the reporting person, upon vesting, into an equivalent number of units of limited partnership interests ("Operating Partnership
Units") of the Operating Partnership, which are redeemable by the holder for shares of Class A Common Stock of Empire State Realty Trust, Inc.
(the "Issuer") on a one-for-one basis or the cash value of such shares, at the Issuer's option. The rights to convert LTIP units into Operating
Partnership Units and redeem Operating Partnership Units do not have expiration dates. The LTIP Units, which vest ratably on each of the first
three anniversaries of the date of grant, were granted under the First Amended and Restated Empire State Realty Trust, Inc. and Empire State
Realty OP, L.P. 2013 Equity Incentive Plan.