VORNADO REALTY TRUST — Director's Dealing 2017

Apr 13, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VORNADO REALTY TRUST (VNO)
CIK: 0000899689
Period of Report: 2017-04-03

Reporting Person: Beinecke Candace K (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-03	Phantom Units	$	I	715	Disposed		Common Shares (715)	Direct

Footnotes

F1: Deferred Compensation Plan that are valued with respect to the underlying security, which in this case is Common Shares of Vornado Realty Trust. The Reporting Person has no current right to take possession of the underlying security.

F2: The Phantom Units are currently payable in cash to the Reporting Person commencing upon a distribution at a future date from the Vornado Realty Trust Nonqualified DeferredCompensation Plan.