Andrew S. Levine - Nov 22, 2024 Form 4 Insider Report for SL GREEN REALTY CORP (SLG)

Signature
/s/ Andrew S. Levine
Stock symbol
SLG
Transactions as of
Nov 22, 2024
Transactions value $
-$3,648,463
Form type
4
Date filed
11/26/2024, 05:39 PM
Previous filing
Oct 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLG Common Stock Conversion of derivative security +45.8K +564.97% 53.9K Nov 22, 2024 Direct F1
transaction SLG Common Stock Sale -$2.17M -27.3K -50.72% $79.30 26.6K Nov 25, 2024 Direct F2
transaction SLG Common Stock Sale -$1.48M -18.5K -69.48% $80.26 8.1K Nov 25, 2024 Direct F3

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 SLG LTIP Units Conversion of derivative security $0 -45.8K -19.12% $0.00 194K Nov 22, 2024 Common Stock 45.8K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 45,785 of the Reporting Person's LTIP units ("LTIP Units") in SL Green Operating Partnership, L.P. ("SLGOP"), of which the Issuer is the sole general partner, were exchanged for Class A Units of limited partnership interests in SLGOP ("Common Units") and then were immediately converted into an equal number of shares of the Issuer's Common Stock.
F2 Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $78.93 to $79.88 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3 Represents the weighted average sale price per share. These shares were sold in multiple transactions at prices ranging from $79.96 to $80.47 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F4 Represents LTIP Units issued as long-term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital account of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a Common Unit. Each Common Unit acquired upon conversion of an LTIP Unit may be presented for redemption at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common Unit so represented for one share of Common Stock. The rights to convert LTIP Units into Common Units and redeem Common Units do not have expiration dates.