Iocco Matthew 4
4 · VORNADO REALTY TRUST · Filed Nov 21, 2017
Insider Transaction Report
Form 4
Iocco Matthew
EVP - Principal Accounting Off
Transactions
- Award
Restricted Units
2017-11-20+13,130→ 13,130 total→ Common Shares (13,130 underlying)
Footnotes (2)
- [F1]On November 20, 2017, 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 full on November 20, 2021.