Steven Roth - Dec 1, 2023 Form 4 Insider Report for VORNADO REALTY TRUST (VNO)

Role
CHAIRMAN AND CEO, Director
Signature
/s/ Ryan Saum, Attorney-in-Fact
Stock symbol
VNO
Transactions as of
Dec 1, 2023
Transactions value $
$0
Form type
4
Date filed
12/1/2023, 04:30 PM
Previous filing
Jul 3, 2023
Next filing
Feb 9, 2024

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
transaction VNO Restricted Units Options Exercise -39.8K -100% 0 Dec 1, 2023 Common Shares 39.8K Direct F1
transaction VNO Restricted Units Options Exercise -47.1K -100% 0 Dec 1, 2023 Common Shares 47.1K Direct F2
transaction VNO Restricted Units Options Exercise -18.3K -100% 0 Dec 1, 2023 Common Shares 18.3K Direct F3
transaction VNO Restricted Units Options Exercise -37.3K -100% 0 Dec 1, 2023 Common Shares 37.3K Direct F4
transaction VNO Restricted Units Options Exercise -15K -100% 0 Dec 1, 2023 Common Shares 15K Direct F5
transaction VNO Restricted Units Options Exercise -7.29K -100% 0 Dec 1, 2023 Common Shares 7.29K Direct F6
transaction VNO Restricted Units Options Exercise -98.2K -75% 32.7K Dec 1, 2023 Common Shares 98.2K Direct F7
transaction VNO Restricted Units Options Exercise -57.1K -50% 57.1K Dec 1, 2023 Common Shares 57.1K Direct F8
transaction VNO Restricted Units Options Exercise -22.4K -100% 0 Dec 1, 2023 Common Shares 22.4K Direct F9
transaction VNO Restricted Units Options Exercise -26.5K -100% 0 Dec 1, 2023 Common Shares 26.5K Direct F10
transaction VNO Class A Units Options Exercise +369K +46.4% 1.16M Dec 1, 2023 Common Shares 369K LLC F11, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 14, 2015, the reporting person received a grant of Restricted Units (the "Restricted Units") of Vornado Realty L.P. (the "Operating Partnership"), vesting in four equal annual installments beginning on January 10, 2016. These 39,796 vested Restricted Units are being converted into Class A Units of the Operating Partnership ("Class A Units") on a one-for-one basis pursuant to their terms.
F2 On January 13, 2017, the reporting person received a grant of Restricted Units of the Operating Partnership, vesting in four equal annual installments beginning on January 10, 2018. These 47,121 vested Restricted Units are being converted into Class A Units on a one-for-one basis pursuant to their terms.
F3 On March 15, 2018, the reporting person received a grant of Restricted Units of the Operating Partnership, vesting in four equal annual installments beginning on March 15, 2019. 18,282 of these vested Restricted Units are being converted into Class A Units on a one-for-one basis pursuant to their terms.
F4 On January 14, 2019, the reporting person received a grant of Restricted Units of the Operating Partnership, vesting in four equal annual installments beginning on January 10, 2020. 37,274 of these vested Restricted Units are being converted into Class A Units on a one-for-one basis pursuant to their terms.
F5 On January 13, 2020, the reporting person received a grant of Restricted Units of the Operating Partnership, which vested immediately upon grant. These 14,957 vested Restricted Units are being converted into Class A Units on a one-for-one basis pursuant to their terms.
F6 On January 13, 2020, the reporting person received a grant of Restricted Units of the Operating Partnership, which were fully vested by December 31, 2020. These 7,291 vested Restricted Units are being converted into Class A Units on a one-for-one basis pursuant to their terms.
F7 On March 30, 2020, the reporting person received a grant of Restricted Units of the Operating Partnership, vesting in four equal annual installments beginning on March 30, 2021. 98,178 of these vested Restricted Units are being converted into Class A Units on a one-for-one basis pursuant to their terms.
F8 On January 12, 2021, the reporting person received a grant of Restricted Units of the Operating Partnership, vesting in four equal annual installments beginning on January 10, 2022. 57,096 of these vested Restricted Units are being converted into Class A Units on a one-for-one basis pursuant to their terms.
F9 On January 12, 2021, the reporting person received a grant of Restricted Units of the Operating Partnership, which were fully vested by December 31, 2021. These 22,438 vested Restricted Units are being converted into Class A Units on a one-for-one basis pursuant to their terms.
F10 On January 20, 2021, the reporting person received a grant of Restricted Units of the Operating Partnership, which vested immediately upon grant. These 26,466 vested Restricted Units are being converted into Class A Units on a one-for-one basis pursuant to their terms.
F11 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 Common Shares of Vornado Realty Trust (the "Issuer") at the election of the Issuer, on a one for one basis or the cash value of such shares. Class A Units do not have expiration dates.
F12 Following the conversions, these Class A Units were contributed by the reporting person to a limited liability company which is managed and controlled solely by the reporting person and all interests therein are held by the reporting person and his spouse. This transfer was exempt from Section 16, including pursuant to Rule 16a-13 under the Securities Exchange Act of 1934, as amended. The reporting person disclaims beneficial ownership of any Class A Units in which he does not have a pecuniary interest.