X0202 4 2006-12-26 0 0000930548 RECKSON ASSOCIATES REALTY CORP RA 0001061710 MATURO MICHAEL C/O RECKSON ASSOCIATES REALTY CORP. 625 RECKSON PLAZA UNIONDALE NY 11556 1 1 0 0 President and CFO Common Stock 2006-12-26 4 M 0 28855 21.875 A 238072 D Common Stock 2006-12-26 4 S 0 1642 45.46 D 236430 D Common Stock 2006-12-26 4 S 0 940 45.47 D 235490 D Common Stock 2006-12-26 4 S 0 564 45.48 D 234926 D Common Stock 2006-12-26 4 S 0 329 45.49 D 234597 D Common Stock 2006-12-26 4 S 0 517 45.50 D 234080 D Common Stock 2006-12-26 4 S 0 47 45.51 D 234033 D Common Stock 2006-12-26 4 S 0 376 45.52 D 233657 D Common Stock 2006-12-26 4 S 0 5523 45.53 D 228135 D Common Stock 2006-12-26 4 S 0 2327 45.54 D 225808 D Common Stock 2006-12-26 4 S 0 3290 45.55 D 222518 D Common Stock 2006-12-26 4 S 0 4230 45.56 D 218288 D Common Stock 2006-12-26 4 S 0 2914 45.57 D 215374 D Common Stock 2006-12-26 4 S 0 799 45.58 D 214575 D Common Stock 2006-12-26 4 S 0 987 45.59 D 213588 D Common Stock 2006-12-26 4 S 0 188 45.60 D 213400 D Common Stock 2006-12-26 4 S 0 705 45.61 D 212695 D Common Stock 2006-12-26 4 S 0 987 45.62 D 211708 D Common Stock 2006-12-26 4 S 0 846 45.63 D 210862 D Common Stock 2006-12-26 4 S 0 611 45.64 D 210251 D Common Stock 2006-12-26 4 S 0 188 45.65 D 210063 D Common Stock 2006-12-26 4 S 0 235 45.66 D 209828 D Common Stock 2006-12-26 4 S 0 47 45.67 D 209781 D Common Stock 2006-12-26 4 S 0 423 45.68 D 209358 D Common Stock 2006-12-26 4 S 0 141 45.69 D 209217 D Employee Stock Option (Right to Buy) 21.875 2006-12-26 4 M 0 28855 0 D 1998-08-11 2008-08-11 Common Stock 28855 93645 D On December 26, 2006, the registrant exercised employee stock options for an aggregate of 47,000 shares of common stock of Reckson Associates Realty Corp., and subsequently sold such shares in the open market. N/A /s/ Michael Maturo 2006-12-27