4//SEC Filing
MACNOW JOSEPH 4
Accession 0001179110-19-000786
CIK 0000899689other
Filed
Jan 15, 7:00 PM ET
Accepted
Jan 16, 5:44 PM ET
Size
8.9 KB
Accession
0001179110-19-000786
Insider Transaction Report
Form 4
MACNOW JOSEPH
CFO/EVP - Fin. & Admin.
Transactions
- Award
Restricted Units
2019-01-14+35,694→ 35,694 total→ Common Shares (35,694 underlying) - Award
AO RUs
2019-01-14+56,472→ 56,472 totalExp: 2029-01-14→ Common Shares (56,472 underlying)
Footnotes (4)
- [F1]On January 14, 2019, 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" or "VNO"). 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, 2020.
- [F3]On January 14, 2019, the reporting person received a grant of appreciation only restricted units (the "AO RUs") of the Operating Partnership. The AO RUs 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 determined by reference to the increase in the value of a VNO common share at the time of conversion over the value of a VNO common share at the time of grant. 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.
- [F4]The AO RUs vest in equal portions over a four-year period with the initial vesting occurring on January 10, 2020. The right to convert the AO RUs into Class A units has a maximum term of 10 years. The right to redeem Class A Units does not have an expiration date.
Documents
Issuer
VORNADO REALTY TRUST
CIK 0000899689
Entity typeother
Related Parties
1- filerCIK 0001246482
Filing Metadata
- Form type
- 4
- Filed
- Jan 15, 7:00 PM ET
- Accepted
- Jan 16, 5:44 PM ET
- Size
- 8.9 KB