SEC Form 4 · accession 0001179110-16-024037
VORNADO REALTY TRUST · VNO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen W. Theriot
Officer — Chief Financial Officer
Period of report
May 4, 2016
Accepted (ET)
May 6, 2016 · 4:20 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000899689
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted UnitsF1,F2 | — | May 4, 2016 | M | 1,767 | D | — | — | Common Shares | 1,767 | 1,768 | D |
| Class A UnitsF4,F3 | — | May 4, 2016 | M | 1,767 | A | — | — | Common Shares | 1,767 | 1,767 | D |
Explanation of responses
- F1On January 10, 2014 the reporting person received a grant of restricted units (the "Restricted Units") of Vornado Realty L.P. (the "Operating Partnership"), the operating partnership ofthe Issuer. These Restricted Units are being converted into Class A Units of the Operating Partnership ("Class A Units") on a one for one basis pursuant to their terms. Class A Units areredeemable (subject to certain limitations set forth in the Operating Partnership limited partnership agreement) by the holder for cash or, at the issuer's election, Common Shares of theIssuer on a one for one basis or the cash value of such shares.
- F2These Restricted Units vested in equal portions over a four-year period. The initial vesting occurred on January 10, 2015.
- F3Class A Units are redeemable (subject to certain limitations set forth in the Operating Partnership limited partnership agreement)by the holder for cash or, at the issuer's election, CommonShares of the issuer on a one for one basis or the cash value of such shares.
- F4These Class A Units are immediately redeemable (subject to certain limitations set forth in the Operating Partnership limited partnership agreement) by the holder for cash or, at theissuer'selection, Common Shares of the Issuer on a one for one basis or the cash value of such shares. Class A Units do not have expiration dates.