X0202 4 2005-06-23 0 0000899689 VORNADO REALTY TRUST VNO 0001247463 BLUM MELVYN H 888 SEVENTH AVENUE NEW YORK NY 10019 0 1 0 0 President - Development Common Shares 2005-06-23 4 M 0 15992 30.5828 A 89676 D Common Shares 2005-06-23 4 S 0 15992 79.2911 D 73684 D Common Shares 2005-06-23 4 S 0 1000 79.34 D 72684 D Common Shares 2005-06-23 4 S 0 1400 79.36 D 71284 D Common Shares 2005-06-23 4 S 0 365 79.37 D 70919 D Options (Right to Buy) 30.5828 2005-06-23 4 M 0 15992 30.5828 D 2010-03-02 Common Shares 15992 0 D 14,425 of these Common Shares were issued as "restricted stock" under the terms of the Vornado Realty Trust 2002 Omnibus Share Plan (the "Plan"). Of these 14,425 Common Shares, (i) 7,500 Common Shares of restricted stock were granted to Mr. Blum on January 28, 2003, with the shares vesting in equal portions over a five-year period with the remaining three portions vesting in January of 2006, 2007 and 2008, (ii) 4,615 Common Shares of restricted stock were granted to Mr. Blum on February 6, 2004, with the shares vesting in equal portions over a five-year period with the remaining four portions vesting in January of 2006, 2007, 2008 and 2009 and (iii) 2,310 Common Shares of restricted stock were granted to Mr. Blum on February 8, 2005, with the shares vesting in equal portions over a five-year period with the first portion vesting on January 20, 2006. Immediately. /s/ Melvyn Blum 2005-06-23