VORNADO REALTY TRUST — Director's Dealing 2016

Feb 3, 2016

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: VORNADO REALTY TRUST (VNO)
CIK: 0000899689
Period of Report: 2015-12-31

Reporting Person: WIGHT RUSSELL B JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-16	Common Shares	S	5000	$99.254	Disposed	41907	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	415658	Direct
Common Shares	3034	Indirect
Common Shares	15541	Indirect
Common Shares	5503548	Indirect

Footnotes

F1: Common shares of beneficial interest, par value $.04 per share (the "Common Shares"), of Vornado Realty Trust ("the Company").

F2: 35,000 shares, which were previously indirectly held, were contributed to the Wight Foundation on December 16, 2015, a charitable organization, over which Mr.Wight holds sole voting and investment power. Mr. Wight disclaims any pecuniary interest in these Common Shares.

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.

F4: These Common Shares are held by Mr. Wight's spouse. The filing of this Form 5 shall not be deemed an admission that Mr. Wight is the beneficial owner of the Common Shares.

F5: These Common Shares are held by Interstate Properties, a New Jersey general partnership of which Mr. Wight is the managing general partner. The filing of this Form 5 shall not be deemed an admission that Mr. Wight is the beneficial owner of these 5,503,548 Common Shares, except to the extent of his pecuniary interest. The decline of 100,000 Common Shares held by Interstate Properties since Mr. Wight's immediately preceding Form 4 filing is attributable to a distribution by the partnership of 100,000 Common Shares with respect to which 50,000 were distributed to Mr. Wight, which amount did not exceed Mr. Wight's pecuniary interest in the Common Shares held by Interstate Properties.