Falanga Mark 4
4 · VORNADO REALTY TRUST · Filed Mar 13, 2012
Insider Transaction Report
Form 4
Falanga Mark
President-Merch. Mart Division
Transactions
- Exercise/Conversion
Restricted Units
2012-03-12−240→ 480 total→ Common Shares (240 underlying) - Exercise/Conversion
Restricted Units
2012-03-12−550→ 550 total→ Common Shares (550 underlying) - Exercise/Conversion
Class A Units
2012-03-12+790→ 790 total→ Common Shares (790 underlying)
Footnotes (6)
- [F1]On February 27, 2009 the reporting person received a grant of restricted units (the "Restricted Units") of Vornado Realty L.P. the "Operating Partnership"), the operating partnership of the Company. These Restricted Units are being converted into Class A Units on a one for one basis pursuant to their terms.
- [F2]These Restricted Units vest in equal portions over a five-year period. The initial vesting occured on March 1, 2010.
- [F3]On March 11, 2010 the reporting person received a grant of Restricted Units of the Operating Partnership. These Restricted Units are being converted into Class A Units on a one for one basis pursuant to their terms.
- [F4]These Restricted Units vest in equal portions over a four-year period. The initial vesting occured on February 28, 2011.
- [F5]Class A Units 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.
- [F6]These Class A Units are immediately redeemable (subject to certain limitations set forth in the Operating Partnership limited partnership agreement). Class A Units do not have expiration dates.