4/A//SEC Filing
MACNOW JOSEPH 4/A
Accession 0001179110-19-000880
CIK 0000899689other
Filed
Jan 22, 7:00 PM ET
Accepted
Jan 23, 4:21 PM ET
Size
11.9 KB
Accession
0001179110-19-000880
Insider Transaction Report
Form 4/AAmended
MACNOW JOSEPH
CFO/EVP - Fin. & Admin.
Transactions
- Award
Restricted Units
2019-01-14+19,386→ 19,386 total→ Common Shares (19,386 underlying) - Award
Restricted Units
2019-01-14+16,308→ 16,308 total→ Common Shares (16,308 underlying) - Award
AO RUs
2019-01-14+56,472→ 56,472 totalExp: 2029-01-14→ Common Shares (56,472 underlying)
Footnotes (5)
- [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. This grant was previously reported on January 16, 2019.
- [F2]The Restricted Units vest in equal portions over a four-year period with the initial vesting occurring on January 10, 2020.
- [F3]The Restricted Units vest immediately on January 14, 2019. The reporting person's Form 4 filed on January 16, 2019 previously listed these Units as vesting in equal portions over a four year period with the initial vesting occurring on January 10, 2020.
- [F4]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. This grant was previously reported on January 16, 2019.
- [F5]The AO RUs vest in equal portions over a four-year period with the initial vesting occurring on January 10, 2020; provided, however, that if VNO common shares do not trade on the principal exchange on which the common shares are listed for 20 consecutive trading days during the four-year period commencing on the grant date of the AO RUs at a price that is at least 110% of value of a VNO common share on the date of grant of the AO RUs then the AO RUs will have lapsed and have no value. 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. The reporting person's Form 4 filed on January 16, 2019 inadvertently omitted a portion of this footnote.
Documents
Issuer
VORNADO REALTY TRUST
CIK 0000899689
Entity typeother
Related Parties
1- filerCIK 0001246482
Filing Metadata
- Form type
- 4/A
- Filed
- Jan 22, 7:00 PM ET
- Accepted
- Jan 23, 4:21 PM ET
- Size
- 11.9 KB