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VORNADO REALTY TRUST Director's Dealing 2012

May 11, 2012

30744_dirs_2012-05-11_5904abd4-f5f5-459e-bec3-e247413fa6d3.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: 2012-05-09

Reporting Person: FASCITELLI MICHAEL D (Director, President & CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-05-09 Common Shares J 271462 Acquired 1959757 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Shares 3150 Indirect
Common Shares 105191 Indirect

Footnotes

F1: These Common Shares of beneficial interest, par value $0.04 per share (the "Common Shares"), of Vornado Realty Trust (the "Company") were acquired in exchange for cash from a grantor retained annuity trust.

F2: Of these Common Shares, 3,424 are subject to restrictions on transfer imposed by the Company and expire on March 31, 2013.

F3: 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.