SL GREEN REALTY CORP — Director's Dealing 2021

Jan 23, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SL GREEN REALTY CORP (SLG)
CIK: 0001040971
Period of Report: 2021-01-22

Reporting Person: LEVINE ANDREW S (Chief Legal Officer & GC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-18	Common Stock	G	900	—	Disposed	13291.40	Direct
2020-12-02	Common Stock	G	600	—	Disposed	12831.40	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-22	LTIP Units	$	A	17697	Acquired		Common Stock (17697)	Direct
2021-01-22	LTIP Units	$	A	23572	Acquired		Common Stock (23572)	Direct

Footnotes

F1: Includes 359.62 shares of the Issuer's Common Stock purchased through the Issuer's Employee Stock Purchase Plan.

F2: Includes 140 shares of the Issuer's Common Stock purchased through the Issuer's Employee Stock Purchase Plan.

F3: Represents LTIP Units issued pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each vested LTIP Unit may be converted, at the election of the holder, into a Class A Unit of limited partnership interest in SL Green Operating Partnership, L.P. (a "Common Unit"). Each Common Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit so presented for one share of Common Stock. The redemption right generally cannot be exercised until two years from the date of the grant. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates.

F4: Each LTIP Unit and Common Unit acquired upon conversion of such LTIP Unit is subject to an additional three-year no-sell provision pursuant to which such LTIP Unit and Common Unit generally may not be transferred, and the redemption right associated with the Common Unit may not be exercised, until the earlier of (i) three years after the grant date, (ii) termination of the reporting person's employment or (iii) a change in control of the Issuer.

F5: Represents LTIP Units granted pursuant to an employment agreement dated as of December 21, 2018 between the reporting person and the Issuer, which vest on January 1, 2022, subject to continued employment.