KIMCO REALTY CORP — Director's Dealing 2011

Feb 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KIMCO REALTY CORP (KIM)
CIK: 0000879101
Period of Report: 2011-02-17

Reporting Person: PAPPAGALLO MICHAEL V (EVP - COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-17	Kimco Realty Corp. Common Stock par value $0.01 per share	A	36000	—	Acquired	97012	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-17	Option to purchase common stock par value $0.01 per share	$18.85	A	9725	Acquired	2021-02-17	Kimco Realty Corp. Common Stock par value $0.01 per share (9725)	Direct
2011-02-17	Option to purchase common stock par value $0.01 per share	$18.85	A	9725	Acquired	2021-02-17	Kimco Realty Corp. Common Stock par value $0.01 per share (9725)	Direct
2011-02-17	Option to purchase common stock par value $0.01 per share	$18.85	A	9725	Acquired	2021-02-17	Kimco Realty Corp. Common Stock par value $0.01 per share (9725)	Direct
2011-02-17	Option to purchase common stock par value $0.01 per share	$18.85	A	9725	Acquired	2021-02-17	Kimco Realty Corp. Common Stock par value $0.01 per share (9725)	Direct
2011-02-17	Performance Shares	$0	A	38900	Acquired	2011-12-31	Kimco Realty Corp. Common Stock par value $0.01 per share (38900)	Direct

Footnotes

F1: On March 18, 2010 the reporting person was granted a total of 30,000 performance shares, providing for the grant of shares of restricted stock in 2011 based on the Company's total stockholder return in 2010 relative to the Company's peer group and Nation Association of Real Estate Investment Trust Retail peers. Based on these performance criteria for 2010, the reporting person was granted 36,000 shares of restricted stock.

F2: These shares vest 1/3 per year on 2/17/12, 2/17/13 and 2/17/14.

F3: Each performance shares award provides for the grant of shares of restricted stock in the year following the performance year based on the Company's total stockholder return in the performance year relative to the Company's peer group and National Association of Real Estate Investment Trusts Retail peers.

F4: The Company's Executive Compensation Committee will determine the amount of the performance shares vested after the performance year ends on 12/31/2011.

F5: Amounts shown do not include 320,576 shares held in the Pappagallo Family Holdings, LLC a limited liability company of which the reporting person owned a majority of the equity and is a co-managing member with his spouse.