KENNEDY CHRISTOPHER 4
4 · VORNADO REALTY TRUST · Filed Mar 15, 2010
Insider Transaction Report
Form 4
KENNEDY CHRISTOPHER
President - Merchandise Mart
Transactions
- Award
Restricted Units
2010-03-11+15,866→ 15,866 total→ Common Shares (15,866 underlying) - Award
Options (Right to Buy)
2010-03-11$72.59/sh+47,300$3,433,744→ 47,300 totalExercise: $72.59Exp: 2020-03-10→ Common Shares (47,300 underlying)
Footnotes (3)
- [F1]On March 11, 2010, the reporting person received a grant of restricted units (the "Restricted Units") of Vornado Realty L.P. (the "Operating Partnership"), the operating partnership of Vornado Realty Trust (the "Company"). The Restricted Units are a class of units of the Operating Partnership that following the occurrence of certain events and upon vesting are convertible by the holder into an equivalent number of Class A Units of the Operating Partnership. Class A Units of the Operating Partnership are redeemable by the holder for cash or, at the Company's election, Common Shares of the Company on a one for one basis or the cash value of such shares.
- [F2]The Restricted Units vest in equal portions over a four-year period with the initial vesting occurring on March 11, 2011.
- [F3]These options vest ratably over a four-year period with the first vesting occurring on March 11, 2011.