VORNADO REALTY TRUST — Director's Dealing 2017

Feb 24, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VORNADO REALTY TRUST (VNO)
CIK: 0000899689
Period of Report: 2017-02-21

Reporting Person: Iocco Matthew (EVP - Principal Accounting Off)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-21	Common Shares	M	2106	$108.4891	Acquired	2106	Direct
2017-02-21	Common Shares	S	2106	$110.25	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-21	Options (Right to Buy)	$108.4891	M	2106	Disposed	2017-03-07	Common Sharea (2106)	Direct

Footnotes

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