Deirdre K. Maddock - Nov 2, 2021 Form 3 Insider Report for VORNADO REALTY TRUST (VNO)

Role
SVP - Chief Accounting Officer
Signature
/s/ Ryan G. Saum, Attorney in Fact
Stock symbol
VNO
Transactions as of
Nov 2, 2021
Transactions value $
$0
Form type
3
Date filed
11/12/2021, 03:10 PM
Next filing
Jul 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VNO Common Shares 340 Nov 2, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding VNO Options (Right to Buy) Nov 2, 2021 Common Shares 244 $82.44 Direct
holding VNO Options (Right to Buy) Nov 2, 2021 Common Shares 335 $70.31 Direct
holding VNO Options (Right to Buy) Nov 2, 2021 Common Shares 387 $62.62 Direct F2
holding VNO Options (Right to Buy) Nov 2, 2021 Common Shares 1.56K $66.86 Direct F3
holding VNO Options (Right to Buy) Nov 2, 2021 Common Shares 1.46K $36.72 Direct F4
holding VNO Restricted Units Nov 2, 2021 Common Shares 1.52K Direct F5, F6
holding VNO Restricted Stock Units Nov 2, 2021 Common Shares 21 Direct F7, F8
holding VNO Restricted Stock Units Nov 2, 2021 Common Shares 49 Direct F8, F9
holding VNO Restricted Stock Units Nov 2, 2021 Common Shares 280 Direct F8, F10
holding VNO Restricted Stock Units Nov 2, 2021 Common Shares 230 Direct F8, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common shares of beneficial interest, par value $.04 per share (the "Common Shares"), of Vornado Realty Trust ("the Company").
F2 193 of these options are vested. The remaining options vest in two equal installments on each of January 10, 2022 and January 10, 2023.
F3 391 of these options are vested. The remaining options vest ratably on each of January 10, 2022, January 10, 2023 and January 10, 2024.
F4 366 of these options are vested. The remaining options vest ratably on each of January 10, 2022, January 10, 2023 and January 10, 2024.
F5 On January 12, 2021 the reporting person received a grant of restricted units (the "Restricted Units") of Vornado Realty L.P. (the "Operating Partnership"), the operating partnership of the Company. The Restricted Units are a class of units of the Operating Partnership that following the occurrence of certain events and upon vesting are convertible by the holder into an equivalent number of Class A Units of the Operating Partnership ("Class A Units"). Class A Units of the Operating Partnership are redeemable by the holder for cash or, at the Company's election, common shares of the Company on a one-for-one basis or the cash value of such shares.
F6 The Restricted Units vest in equal portions over a four-year period with the initial vesting occurring on January 10, 2022.
F7 These Restricted Stock Units were granted on January 12, 2018 and vest on January 10, 2022. Prior to the vesting of the award, if the Company pays a dividend on its Common Shares, the reporting person will receive an amount in cash equal to in value to the dividends that the reporting person would have received has the reporting person been the actual owner of the number of Common Shares.
F8 Each restricted stock unit represents a contingent right to receive one Common Share.
F9 These Restricted Stock Units were granted on January 14, 2019 and vest ratably on January 10, 2022 and January 10, 2023. Prior to the vesting of the award, if the Company pays a dividend on its Common Shares, the reporting person will receive a cash amount equal to the value of the dividends that the reporting person would have received had the reporting person been the actual owner of the number of Common Shares.
F10 These Restricted Stock Units were granted on January 13, 2020 and vest ratably on January 10, 2022, January 10, 2023 and January 10, 2024. Prior to the vesting of the award, if the Company pays a dividend on its Common Shares, the reporting person will receive a cash amount equal to the value of the dividends that the reporting person would have received had the reporting person been the actual owner of the number of Common Shares.
F11 These Restricted Stock Units were granted on March 30, 2020 and vest ratably on January 10, 2022, January 10, 2023 and January 10, 2024. Prior to the vesting of the award, if the Company pays a dividend on its Common Shares, the reporting person will receive a cash amount equal to the value of the dividends that the reporting person would have received had the reporting person been the actual owner of the number of Common Shares.