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VORNADO REALTY TRUST — Director's Dealing 2011
Mar 2, 2011
30744_dirs_2011-03-02_0691c63d-247a-4465-a3fd-36650b68a293.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: VORNADO REALTY TRUST (VNO)
CIK: 0000899689
Period of Report: 2011-02-28
Reporting Person: SILVERSTEIN WENDY (EVP - Capital Markets & Acq.)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-02-28 | Restricted Units | $ | A | 10906 | Acquired | Common Shares (10906) | Direct | |
| 2011-02-28 | Options (Right to Buy) | $91.695 | A | 22707 | Acquired | 2021-02-27 | Common Shares (22707) | Direct |
| 2011-03-01 | Restricted Units | $ | M | 7231 | Disposed | Common Shares (7231) | Direct | |
| 2011-03-01 | Class A Units | $ | M | 7231 | Acquired | Common Shares (7231) | Direct |
Footnotes
F1: On February 28, 2011, the reporting person received a grant of restricted units (the "Restricted Units") of Vornado Realty L.P. (the "Operating Partnership"), the operating partnership of the Company. The Restricted Units are a class of units of the Operating Partnership that following the occurrence of certain events and upon vesting are convertible by the holder into an equivalent number of Class A Units of the Operating Partnership ("Class A Units"). Class A Units of the Operating Partnership are redeemable by the holder for cash or, at the Company's election, Common Shares of the Company on a one-for-one basis or the cash value of such shares.
F2: The Restricted Units vest in equal portions over a four-year period with the initial vesting occurring on February 27, 2012.
F3: These options vest ratably over a four-year period with the first vesting occurring on February 27, 2012.
F4: On February 27, 2009, the reporting person received a grant of Restricted Units of the Operating Partnership.
F5: These Restricted Units vest in equal portions over a five-year period. The initial vesting occurred on March 1, 2010.
F6: Class A Units are redeemable by the holder for cash or, at the Company's election, Common Shares of the Company on a one for one basis or the cash value of such shares.
F7: These Class A Units are immediately redeemable (subject to certain limitations set forth in the Operating Partnership limited partnership agreement). Class A Units do not have expiration dates.