Chera Haim 4
4 · VORNADO REALTY TRUST · Filed Jun 11, 2019
Insider Transaction Report
Form 4
Chera Haim
EVP - HEAD OF RETAIL
Transactions
- Award
Restricted Units
2019-06-10+375,607→ 375,607 total→ Common Shares (375,607 underlying)
Footnotes (2)
- [F1]On June 10, 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 20 percent on 6/10/2019, 40 percent on 6/10/2022 and 40 percent on 6/10/2023.