VORNADO REALTY TRUST — Director's Dealing 2012

Jan 19, 2012

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: VORNADO REALTY TRUST (VNO)
CIK: 0000899689
Period of Report: 2011-12-31

Reporting Person: MANDELBAUM DAVID (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	417554	Direct
Common Shares	122002	Indirect
Common Shares	2909252	Indirect
Common Shares	5603548	Indirect

Footnotes

F1: These Common Shares are held in a trust. The filing of this Form 5 shall not be deemed and admission the Mr. Mandelbaum is the beneficial owner of these Common Shares.

F2: These Common Shares are held in a limited partnership of which David Mandelbaum is the general partner. The filing of this Form 5 shall not be deemed and admission the Mr. Mandelbaum is the beneficial owner of these Common Shares.

F3: These Common Shares are held by Interstate Properties, a New Jersey general partnership of which Mr. Mandelbaum is a general partner. The filing of this Form 5 shall not be deemed an admission that Mr. Mandelbaum is the beneficial owner of these 5,603,548 Common Shares, except to the extent of his pecuniary interest.