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VORNADO REALTY TRUST — Director's Dealing 2019
Mar 5, 2019
30744_dirs_2019-03-05_f9185ea8-88e6-4353-8638-c99441dc95da.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: VORNADO REALTY TRUST (VNO)
CIK: 0000899689
Period of Report: 2019-03-01
Reporting Person: ROTH STEVEN (Director, Chairman & CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-03-01 | Restricted Units | $ | M | 13236 | Disposed | Common Shares (13236) | Direct | |
| 2019-03-01 | LTIP Units | $ | M | 38860 | Disposed | Common Shares (38860) | Direct | |
| 2019-03-01 | Class A Units | $ | M | 52096 | Acquired | Common Shares (52096) | Direct |
Footnotes
F1: On January 14, 2016, the reporting person received a grant of Restricted Units of the Operating Partnership. These Restricted Units are being converted into Class A Units on a one for one basis pursuant to their terms.
F2: These Restricted Units vested in equal portions over a four-year period. The initial vesting occurred on January 10, 2017.
F3: The LTIP Units are a class of units of the Operating Partnership conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes. The LTIP Units are convertible by the reporting person, upon vesting, into an equivalent number of Class A Units of the Operating Partnership, which are redeemable (subject to certain limitations set forth in the Operating Partnership limited partnership agreement), by the holder for Common Shares of the Issuer on a one-for-one basis or the cash value of such shares, at the Issuer's option. The rights to convert LTIP Units into Class A Units and redeem Class A Units do not have expiration dates.
F4: Earned LTIP Units vested one-third on each of January 10, 2017, 2018 and 2019.
F5: These Class A Units are immediately redeemable (subject to certain limitations set forth in the Operating Partnership limited partnership agreement) by the holder for cash or, at the issuer's election, Common Shares of the Issuer on a one for one basis or the cash value of such shares. Class A Units do not have expiration dates.