| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SLG | Class O LTIP Units | Award | $0 | +218K | $0.00 | 218K | Dec 27, 2024 | Common Stock | 218K | $68.07 | Direct | F1, F2, F3, F4, F5 |
| Id | Content |
|---|---|
| F1 | Represents Class O LTIP Units granted in connection with entering into an employment agreement, dated as of December 27, 2024, between the reporting person and the Issuer. Class O LTIP Units are economically similar to stock options granted by the Issuer. |
| F2 | The Class O LTIP Units, once vested, may be converted at the election of the holder into a number of Class A Units of limited partnership interest in SL Green Operating Partnership, L.P. ("Common Units") determined by the increase in value of a share of the Issuer's Common Stock at the time of conversion over $68.07, which was the fair market value of a share of the Issuer's Common Stock at the time of grant pursuant to the SL Green Realty Corp. Fifth Amended and Restated 2005 Stock Option and Incentive Plan (the "Plan"). |
| F3 | Each Common Unit acquired upon conversion of vested Class O LTIP Units may be presented for redemption, at the election of the holder, for cash equal to the then 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 presented for one share of Common Stock. Class O LTIP Units and the Common Units into which they may be converted generally may not be disposed of without the consent of the Issuer until two years from the date of the grant of the Class O LTIP Units. |
| F4 | One-third of the Class O LTIP Units will vest on each of December 31, 2025, December 31, 2026 and December 31, 2027, respectively, subject to the reporting person's continued employment through such dates. In addition, the Class O LTIP Units will only be earned and eligible to be converted into Common Units if, as of any date during a five-year period commencing on the date of grant, the 20-trading day average closing stock price of the Issuer's Common Stock on the New York Stock Exchange equals or exceeds $100.00. The rights to convert these Class O LTIP Units into Common Units have a maximum term of ten years. The rights to redeem Common Units do not have expiration dates. |
| F5 | Represents the fair market value of a share of the Issuer's Common Stock at the time of grant, as determined pursuant to the Plan. |