VORNADO REALTY TRUST — Director's Dealing 2017

Jan 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VORNADO REALTY TRUST (VNO)
CIK: 0000899689
Period of Report: 2016-12-29

Reporting Person: SCHEAR MITCHELL N (President - VNO/Smith Division)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-29	Common Shares	S	15000	$102.6440	Disposed	63877	Direct

Footnotes

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

F2: Represents weighted average sale price. These Common Shares were sold through the execution of a single market order at prices ranging between $102.34 and $102.95. Full information regarding the number of shares sold at each separate price will be provided upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.