KENNEDY CHRISTOPHER 4
4 · VORNADO REALTY TRUST · Filed Dec 16, 2009
Insider Transaction Report
Form 4
KENNEDY CHRISTOPHER
President - Merchandise Mart
Transactions
- Award
Common Shares
2009-12-14+367→ 94,395 total - Award
Class A Units
2009-12-14+313→ 44,725 total→ Common Shares (313 underlying)
Footnotes (5)
- [F1]These Common Shares were acquired in connection with the regular quarterly dividend paid by Vornado Realty Trust on December 14, 2009 in the form of cash and Common Shares of Vornado Realty Trust to all holders of Vornado Realty Trust Common Shares.
- [F2]308 of these Common Shares were issued as restricted stock and remain unvested under the terms of the Vornado Realty Trust Omnibus Share Plan, with each original grant vesting in equal portions over a five year period. These 308 Common Shares vest in January of 2010.
- [F3]The Class A Units ("Class A Units") of Vornado Realty L.P. were acquired in connection with the regular quarterly distribution paid pro rata on December 14, 2009 by Vornado Realty L.P. to holders of Limited Partnership Units in the form of cash and Class A Units.
- [F4]Class A Units may be redeemed at the election of the holder, in whole or in part for cash equal to the fair market value, at the time of redemption, of one Common Share for each Class A Unit redeemed or, at the option of Vornado Realty Trust, one such Common Share for each Class A Unit tendered for redemption.
- [F5]All Class A Units distributed on December 14, 2009 are immediately redeemable (subject to certain limitations set forth in the Vornado Realty L.P.'s limited partnership agreement). Class A Units have no expiration date.