MACNOW JOSEPH 4
4 · VORNADO REALTY TRUST · Filed Jun 4, 2019
Insider Transaction Report
Form 4
MACNOW JOSEPH
CFO/EVP - Fin. & Admin.
Transactions
- Discretionary Transaction
Phantom Units
2019-05-31$25.18/sh−12,500$314,795→ 25,700 total→ Preferred Shares, Series K (12,500 underlying)
Footnotes (3)
- [F1]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 (the "NDCP") that are valued with respect to the underlying security, which in this case is Preferred Shares, Series K, of Vornado Realty Trust (the "Preferred Shares"). The Reporting Person has no right to take possession of the underlying security.
- [F2]The Phantom Units became payable in cash to the Reporting Person commencing at a future date from the NDCP.
- [F3]Represents weighted average sale price of the underlying security by the NDCP. These Preferred Shares were sold by the NDCP through the execution of a single market order at prices ranging between $25.05 and $25.22. Full information regarding the number of shares sold at each separate price will be provided upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.