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Filing Details

Accession Number:: 0001179110-10-006927
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-04-14 13:00:00
Reporting Period:: 2010-04-13

Filing Date:: 2010-04-14
Accepted Time:: 2010-04-14 16:16:21
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
899689	Vornado Realty Trust	VNO	Real Estate Investment Trusts (6798)	221657560

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1246488	N Mitchell Schear	2345 Crystal Drive Suite 1000 Arlington VA 22202	President - Vno/Smith Division	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Shares	Acquisiton	2010-04-13	39,464	$35.96	51,159	No	4	M	Direct
Common Shares	Disposition	2010-04-13	39,464	$81.55	11,695	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares	Restricted Units	Disposition	2010-04-13	312	$0.00	312	$0.00
Common Shares	Restricted Units	Disposition	2010-04-13	2,282	$0.00	2,282	$0.00
Common Shares	LTIP Units	Disposition	2010-04-13	11,436	$0.00	11,436	$0.00
Common Shares	Class A Units	Acquisiton	2010-04-13	14,030	$0.00	14,030	$0.00
Common Shares	Options (Right to Buy)	Disposition	2010-04-13	39,464	$0.00	39,464	$35.96

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
312			No	4	M	Direct
3,424			No	4	M	Direct
11,436			No	4	M	Direct
56,941			No	4	M	Direct
0	2004-04-09	2013-04-09	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Shares	Class A Units	$0.00			17,123	17,123	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	17,123	17,123	Indirect

Footnotes

On April 25, 2006, the reporting person received a grant of restricted units (the "Restricted Units") of Vornado Realty L.P. (the "Operating Partnership"), the operating partnership of the Company. 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 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.
These Restricted Units vest in equal portions over a five-year period. The initial vesting occurred on April 1, 2007
On March 31, 2008, the reporting person received a grant of restricted units (the "Restricted Units") of Vornado Realty L.P. (the "Operating Partnership"), the operating partnership of the Company. 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 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.
These Restricted Units vest in equal portions over a five-year period. The initial vesting occurred on 03/31/2009.
The LTIP Units are a class of units of the Operating Partnership conditioned upon minimum allocations to the capital accounts of the LTIP Unit holder for federal income tax purposes. The LTIP Units are convertible by the reporting person, upon vesting, into an equivalent number of Class A Units of the Operating Partnership, which 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. The right to convert LTIP Units into Class A Units and redeem Class A Units do not have expiration dates.
Earned on 11/13/2006 and became exercisable upon vesting or upon receipt as a dividend payment.
Class A Units 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.
These Class A Units are immediately redeemable (subject to certain limitations set forth in the Vornado Realty L.P.'s limited partnership agreement). Class A Units do not have expiration dates.
These Class A Units are held by Mr. Schear's spouse. Mr. Schear disclaims beneficial ownership of these units except to the extent of his pecuniary interest therein.
Represents weighted average sale price. These Common Shares were sold through the execution of a single market order at prices ranging between $81.34 and $81.75. Full information regarding the number of shares sold at each separate price will be provided by the reporting person upon request to the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer.