VORNADO REALTY TRUST 4
4 · VORNADO REALTY TRUST · Filed Jan 14, 2014
Insider Transaction Report
Form 4
MINUTOLI ROBERT
EVP - Retail
Transactions
- Award
Restricted Units
2014-01-10+4,107→ 4,107 total→ Common Shares (4,107 underlying)
Footnotes (2)
- [F1]On January 10, 2014, 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"). 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 January 10, 2015.