LARNER PAUL 4
4 · VORNADO REALTY TRUST · Filed Oct 7, 2003
Insider Transaction Report
Form 4
LARNER PAUL
Executive VP - Chief Adm. Off.
Transactions
- Sale
Common Shares
2003-10-03$49.71/sh−24,500$1,217,863→ 70,056 total - Exercise/Conversion
Common Shares
2003-10-03$42.13/sh+51,873$2,185,409→ 94,556 total - Sale
Common Shares
2003-10-03$49.54/sh−25,000$1,238,490→ 45,056 total - Disposition to Issuer
common shares of beneficial interest ("Common Shares")
2003-10-03−3,750→ 42,683 total - Exercise/Conversion
Employee stock option (right to buy)
2003-10-03−51,873→ 0 totalExercise: $42.13Exp: 2012-01-28→ Common Shares (51,873 underlying)
Footnotes (4)
- [F1]These 3,750 Common Shares were "restricted stock" under the terms of the Vornado Realty Trust 2002 Omnibus Shares Plan (the "Plan") and terminated, pursuant to the terms of the Plan, in connection with the termination of Mr. Larner's employment on October 3, 2003.
- [F2]21,061 of these Common Shares were "restricted stock" under the terms of the Plan and vested in connected with the termination of Mr. Larner's employment on October 3, 2003.
- [F3]Immediately.
- [F4]Mr. Larner was granted 75,000 options on January 28, 2002, 25,000 of which became exercisable on January 28, 2003; the remainder became immediately exercisable in connection with the termination of Mr. Larner's employment on October 3, 2003.