4//SEC Filing
Lynne Michael 4
Accession 0001179110-18-007212
CIK 0000899689other
Filed
May 20, 8:00 PM ET
Accepted
May 21, 4:14 PM ET
Size
8.8 KB
Accession
0001179110-18-007212
Insider Transaction Report
Form 4
Lynne Michael
Director
Transactions
- Award
Restricted Units
2018-05-17+2,628→ 2,628 total→ Common Shares (2,628 underlying) - Award
Phantom Units
2018-05-21$66.59/sh+540$35,957→ 14,485 total→ Common Shares (540 underlying)
Footnotes (4)
- [F1]On May 17, 2018, 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 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]These Restricted Units vest immediately. These units are not transferable until the reporting person is no longer serving as a member of the Company's Board of Trustees, other than in connection with a conversion of the Restricted Units to Class A Units and a redemption of such Class A Units for Common Shares. Any Common Shares issued in connection with such a redemption must be held by the reporting person until such person is no longer a member of the Company's Board of Trustees.
- [F3]Conversion or exercise price of 1 for 1. The Phantom Units represent compensation deferred by the Reporting Person into interests held through the Vornado Realty Trust Nonqualified Deferred Compensation Plan that are valued with respect to the underlying security, which in this case is common shares of Vornado Realty Trust.
- [F4]The Phantom Units become payable in cash or the underlying security, to the Reporting Person commencing upon a distribution at a future date from the Vornado Realty Trust Nonqualified Deferred Compensation Plan.
Documents
Issuer
VORNADO REALTY TRUST
CIK 0000899689
Entity typeother
Related Parties
1- filerCIK 0001328555
Filing Metadata
- Form type
- 4
- Filed
- May 20, 8:00 PM ET
- Accepted
- May 21, 4:14 PM ET
- Size
- 8.8 KB