X0305 4 2012-04-26 0 0000899689 VORNADO REALTY TRUST VNO 0000904503 ROTH STEVEN 888 SEVENTH AVENUE NEW YORK NY 10019 1 1 0 0 Chairman Common Shares 2012-04-26 4 J 0 236000 0 A 2474005 D Common Shares 2012-04-30 4 P 0 236000 0 A 2710005 D Common Shares 252928 I Held by grantor retained annuity trusts Common Shares 5603548 I Held by partnership Common Shares 3873 I Held by foundation Common Shares 37299 I Held by spouse These common shares of beneficial interest, par value $0.04 per share (the "Common Shares"), of Vornado Realty Trust (the "Company") were received as payment for a preexisting debt owed to Mr. Roth. Of these Common Shares, 3,424 are subject to restrictions on transfer imposed by the Company that expire on March 31, 2013. Privately negotiated acquisition of Common Shares for cash. These Common Shares are held in grantor retained annuity trusts. The filing of this Form 4 shall not be deemed an admission that Mr. Roth is the beneficial owner of the Common Shares. These Common Shares are held by Interstate Properties, a New Jersey general partnership of which Mr. Roth is the managing general partner. The filing of this Form 4 shall not be deemed an admission that Mr. Roth is the beneficial owner of these 5,603,548 Common Shares, except to the extent of his pecuniary interest. These Common Shares are held by the Daryl and Steven Roth Foundation, a charitable foundation, over which Mr. Roth holds sole voting and investment power. Mr. Roth disclaims any pecuniary interest in these Common 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 the Common Shares. /s/ Steven Santora, Attorney in Fact 2012-04-30