X0202 4 2005-06-20 0 0000899689 VORNADO REALTY TRUST VNO 0000904503 ROTH STEVEN 888 SEVENTH AVENUE NEW YORK NY 10019 1 1 1 0 Chairman & CEO Common Shares 2005-06-20 4 S 0 5300 79.52 D 2058430 D Common Shares 2005-06-20 4 S 0 4600 79.65 D 2053830 D Common Shares 2005-06-20 4 S 0 200 79.66 D 2053630 D Common Shares 2005-06-20 4 S 0 3200 79.67 D 2050430 D Common Shares 2005-06-20 4 S 0 2000 79.68 D 2048430 D Common Shares 2005-06-20 4 S 0 10000 79.70 D 2038430 D Common Shares 2005-06-20 4 S 0 10000 79.75 D 2028430 D Common Shares 2005-06-20 4 S 0 10000 79.8 D 2018430 D Common Shares 2005-06-20 4 S 0 10000 79.85 D 2008430 D Common Shares 2005-06-20 4 S 0 2700 79.9 D 2005730 D Common Shares 2005-06-20 4 S 0 1700 79.95 D 2004030 D Common Shares 20900 I Held By Foundation Common Shares 7943000 I Held by GP Common Shares 36000 I Held by Spouse 52,530 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 52,530 Common Shares, (i) 22,500 Common Shares of restricted stock were granted to Mr. Roth 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) 18,480 Common Shares of restricted stock were granted to Mr. Roth 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) 11,550 Common Shares of restricted stock were granted to Mr. Roth 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. These Common Shares are held by the Daryl and Steve Roth Foundation, over which Mr. Roth holds sole voting and investment power. Mr. Roth disclaims any pecuniary interest in these shares. These Common Shares are held by Interstate Properties, a New Jersey general partnership of which Mr. Roth is a general partner. The filing of this Form 4 shall not be deemed an admission that Mr. Roth is the beneficial owner of these 7,943,000 Common Shares, except to the extent of his pecuniary interest therein. /s/ Steven Roth 2005-06-20