SEC Form 4 · accession 0001179110-18-013401
VORNADO REALTY TRUST · VNO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David R Greenbaum
Officer — President - NY Office Division
Period of report
Nov 30, 2018
Accepted (ET)
Dec 4, 2018 · 4:09 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000899689
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1,F13 | Nov 30, 2018 | M | 55,158 | $24.5212 | A | 230,061 | D | |
| Common SharesF1 | Nov 30, 2018 | F | 36,484 | $71.96 | D | 193,577 | D | |
| Common SharesF1,F2 | holding | — | — | — | 39,030 | I | Held by trust | |
| Common SharesF1,F3 | holding | — | — | — | 14,930 | I | Held by trust | |
| Common SharesF1,F4 | holding | — | — | — | 30,700 | I | Held by trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Right to Buy) | $24.5212 | Nov 30, 2018 | M | 55,158 | D | Feb 27, 2010 | Feb 27, 2019 | Common Shares | 55,158 | 0 | D |
| Class A UnitsF5,F6,F7 | — | holding | — | — | — | — | — | Common Shares | 220,103 | 220,103 | D |
| Class A UnitsF8,F5,F6 | — | holding | — | — | — | — | — | Common Shares | 100,000 | 100,000 | I |
| Class A UnitsF9,F5,F6 | — | holding | — | — | — | — | — | Common Shares | 49,817 | 49,817 | I |
| Class A UnitsF10,F5,F6 | — | holding | — | — | — | — | — | Common Shares | 1,520 | 1,520 | I |
| Class A UnitsF11,F5,F6 | — | holding | — | — | — | — | — | Common Shares | 1,520 | 1,520 | I |
| Class A UnitsF12,F5,F6 | — | holding | — | — | — | — | — | Common Shares | 12,948 | 12,948 | I |
Explanation of responses
- F1Common shares of beneficial interest, par value $.04 per share (the "Common Shares"), of Vornado Realty Trust ("the Company").
- F10These Class A Units are held by a trust for the benefit of Jessica Greenbaum. Mr. Greenbaum's daughter. Mr. Greenbaum disclaims beneficial ownership of these units.
- F11These Class A Units are held by a trust for the benefit of Allison Greenbaum. Mr. Greenbaum's daughter. Mr. Greenbaum disclaims beneficial ownership of these units.
- F12These Class A Units are owned by Mr. Greenbaum's spouse (both directly and indirectly). Mr. Greenbaum disclaims beneficial ownership of these units.
- F13The increase of 71,137 Common Shares directly held since Mr. Greenbaum's immediately preceding Form 4 filing is attributable to distributions in accordance with the requirements of the applicable grantor retained annuity trust.
- F2These Common Shares are held by a trust for the benefit of Jessica Greenbaum, Mr. Greenbaum's daughter. Mr. Greenbaum disclaims beneficial ownership of these Common Shares.
- F3These Common Shares are held by a trust for the benefit of Allison Greenbaum, Mr. Greenbaum's daughter. Mr. Greenbaum disclaims beneficial ownership of these Common Shares.
- F4These Common Shares are held by the David Greenbaum Family Trust. Mr. Greenbaum disclaims beneficial ownership of these Common Shares.
- F5Class 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, Common Sharesof the issuer on a one for one basis or the cash value of such shares.
- F6These 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 the issuer'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.
- F7The decline of 100,000 Class A Units directly held since Mr. Greenbaum's immediately preceding Form 4 filing is attributable to distributions in accordance with the requirements of the applicable grantor retained annuity trust.
- F8These Class A Units are held in grantor retained annuity trust. The filing of this Form 4 shall not be deemed an admission that Mr. Greenbaum is the beneficial owner of these Class A Units. 100,000 Class A Units were previously reported as directly beneficially owned but were distributed to Mr. Greenbaum in accordance with the requirements of the applicable grantor retained annuity trust.
- F9These Class A Units are held by DL Investments LLC, an entity in which Mr. Greenbaum and his spouse own 100%. Mr. Greenbaum disclaims beneficial ownership of these units except to the extent of his pecuniary interest.