X0202 4 2005-09-30 0 0000899689 VORNADO REALTY TRUST VNO 0000904503 ROTH STEVEN 888 SEVENTH AVENUE NEW YORK NY 10019 1 1 1 0 Chairman & CEO Common Shares 2005-09-30 4 S 0 100 86.58 D 2003930 D Common Shares 2005-09-30 4 S 0 1400 86.56 D 2002530 D Common Shares 2005-09-30 4 S 0 6400 86.75 D 1996130 D Common Shares 2005-09-30 4 S 0 1100 86.76 D 1995030 D Common Shares 2005-09-30 4 S 0 800 86.77 D 1994230 D Common Shares 2005-09-30 4 S 0 12500 86.74 D 1981730 D Common Shares 2005-09-30 4 S 0 3000 86.70 D 1978730 D Common Shares 2005-09-30 4 S 0 5100 86.60 D 1973630 D Common Shares 2005-09-30 4 S 0 1600 86.62 D 1972030 D Common Shares 2005-10-03 4 S 0 400 86.30 D 1971630 D Common Shares 2005-10-03 4 S 0 400 86.31 D 1971230 D Common Shares 2005-10-03 4 S 0 100 86.33 D 1971130 D Common Shares 2005-10-03 4 S 0 3000 86.35 D 1968130 D Common Shares 2005-10-03 4 S 0 600 86.38 D 1967530 D Common Shares 2005-10-03 4 S 0 200 86.41 D 1967330 D Common Shares 2005-10-03 4 S 0 54500 86.50 D 1912830 D Common Shares 2005-10-03 4 S 0 800 86.51 D 1912030 D Common Shares 2005-10-03 4 S 0 17300 86.53 D 1894730 D Common Shares 2005-10-03 4 S 0 400 86.54 D 1894330 D Common Shares 2005-10-03 4 S 0 21600 86.55 D 1872730 D Common Shares 2005-10-03 4 S 0 1500 86.56 D 1871230 D Common Shares 2005-10-03 4 S 0 2200 86.57 D 1869030 D Common Shares 2005-10-03 4 S 0 300 86.58 D 1868730 D Common Shares 20900 I Held By Foundation Common Shares 36000 I Held by Spouse Common Shares 7943000 I Held by GP 72,150 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 72,150 Common Shares, (i) 37,500 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) 23,100 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. Restricted shares that have previously vested were elected by Mr. Roth to have been deposited in the Vornado Non-Qualified Deferred Compensation Plan. For Form 4 purposes these shares are no counted toward the amount of securities owned by Mr. Roth following the reported transactions. These Common Shares are held by the Daryl and Steven Roth Foundation, over which Mr. Roth holds sole voting and investment power. Mr. Roth disclaims any pecuniary intrest in these shares. These Common Shares are held by Mr. Roth's spouse. The filing of this Form 4 shall not be deemed an admission that Mr. Roth is the beneficial owner of these Common 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. /s/ Steven Roth 2005-10-03