UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 5)*
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13D-1(A) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(A)
VORNADO REALTY TRUST
--------------------
(Name of Issuer)
COMMON SHARES OF BENEFICIAL INTEREST, $0.04 PAR VALUE PER SHARE
---------------------------------------------------------------
(Title of Class of Securities)
929042109
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(CUSIP Number)
William G. Farrar
Sullivan & Cromwell LLP
125 Broad Street
New York, New York 10004
(212) 558-4000
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 27, 2009
-----------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box |_|.
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 9 Pages
Exhibit Index Appears on Page 9
SCHEDULE 13D
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CUSIP NO. 929042109 PAGE 2 OF 9 PAGES
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1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
INTERSTATE PROPERTIES
22-1858622
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (A) |X|
(B) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
N/A
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
NEW JERSEY
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NUMBER OF
SHARES 7 SOLE VOTING POWER
BENEFICIALLY 5,443,000
OWNED BY ------------------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 5,443,000
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,443,000
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.5%
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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SCHEDULE 13D
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CUSIP NO. 929042109 PAGE 3 OF 9 PAGES
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1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
STEVEN ROTH
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (A) |X|
(B) |_|
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
N/A
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF 7 SOLE VOTING POWER
SHARES 5,443,046
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 5,443,000
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 5,443,046
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,443,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,886,046
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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SCHEDULE 13D
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CUSIP NO. 929042109 PAGE 4 OF 9 PAGES
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1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
RUSSELL B. WIGHT, JR.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (A) |X|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
N/A
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF 7 SOLE VOTING POWER
SHARES 1,099,737
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 5,443,000
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 1,099,737
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,443,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,542,737
--------------------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.2%
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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SCHEDULE 13D
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CUSIP NO. 929042109 PAGE 5 OF 9 PAGES
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1 NAME OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
DAVID MANDELBAUM
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (A) |X|
(B) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 SOURCE OF FUNDS (SEE INSTRUCTIONS)
N/A
--------------------------------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) |_|
--------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
--------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 3,319,357
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 5,443,000
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 3,319,357
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,443,000
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
8,762,357
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) |_|
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6%
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14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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Page 6 of 9
Interstate Properties, a partnership organized under the laws of New
Jersey ("Interstate"), and Steven Roth, Russell B. Wight, Jr. and David
Mandelbaum, each of whom are general partners of Interstate (collectively with
Interstate, the "Reporting Persons"), hereby amend their Statement on Schedule
13D filed with respect to the common shares of beneficial interest, par value
$0.04 per share (the "Shares"), of Vornado Realty Trust, a real estate
investment trust organized under the laws of the State of Maryland (the
"Company"). This Amendment No. 5 to Schedule 13D of the Reporting Persons
("Amendment No. 5") amends the Statement on Schedule 13D of the Reporting
Persons filed on May 6, 1993 (the "Initial Schedule 13D"), as amended by
Amendment No. 1 to Schedule 13D of the Reporting Persons filed on April 22, 1997
("Amendment No. 1"), as further amended by Amendment No. 2 to Schedule 13D of
the Reporting Persons filed on May 30, 2002 ("Amendment No. 2"), as further
amended by Amendment No. 3 to Schedule 13D of the Reporting Persons filed on
October 7, 2005 ("Amendment No. 3"), and as further amended by Amendment No. 4
to Schedule 13D of the Reporting Persons filed on November 26, 2008, only with
respect to those items listed below:
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
As of the close of business on February 27, 2009, Interstate owned in
the aggregate 5,443,000 Shares, which constitutes approximately 4.8% of the
outstanding Shares, based on approximately 155,460,522 of such Shares
outstanding on February 6, 2009, as reported on the cover page of the Company's
Annual Report on Form 10-K filed with the Securities and Exchange Commission on
February 24, 2009. As general partners of Interstate, Messrs. Roth, Wight and
Mandelbaum may be deemed to share the power to vote or to direct the vote or to
dispose or to direct the disposition of the 5,443,000 Shares held by Interstate.
Each partner has the sole power to vote or to direct the vote and/or to dispose
or to direct the disposition of the Shares held by each partner directly or in
such partner's charitable foundation or family trust, as the case may be.
As of the close of business on February 27, 2009, Mr. Roth owned
directly 4,435,446 Shares (which includes (i) options currently exercisable or
that will be exercisable within 60 days of the date hereof, for 2,563,462 Shares
and (ii) 95,520 grants of out-performance plan units and long-term incentive
units under the Company's omnibus share plans that are currently vested and
redeemable by Mr. Roth for 95,520 Shares or, at the Company's option, cash equal
to the value of those Shares) and had the right to vote and/or dispose of 7,600
Shares held in a charitable foundation and 1,000,000 Shares held in grantor
trusts, for an aggregate of 10,886,046 Shares or 6.9% of the outstanding Shares,
which amount includes the Shares held by Interstate. As of the close of business
on February 27, 2009, Mr. Wight owned directly 1,080,937 Shares and had the
right to vote and dispose of 18,800 Shares held in a charitable foundation, for
an aggregate of 6,542,737, or 4.2% of the outstanding Shares, which amount
includes the Shares held by Interstate. As of the close of business on February
27, 2009, Mr. Mandelbaum owned 519,357 Shares directly and had the right to vote
and/or dispose of 2,800,000 Shares held in a limited partnership with respect to
which Mr. Mandelbaum is the sole general partner and two qualified trusts are
the sole limited partners, for an aggregate of 8,762,357 Shares, or 5.6% of the
outstanding Shares, which amount includes the Shares held by Interstate. While
Interstate and its partners may be considered a group, Interstate disclaims any
beneficial ownership of the Shares held by its partners individually and each
partner disclaims any beneficial ownership of the Shares held individually by
the other partners. As of the close of business on February 27, 2009, the
aggregate beneficial ownership of Interstate and its three partners is
15,305,140 Shares, or 9.7% of the outstanding Shares.
(c) During the last 60 days, the following transactions in the Shares
were effected by Interstate or any of its three partners:
On January 20, 2009, Steven Roth disposed of 6,390 Shares by
contributing such Shares to the Vornado Realty Trust Non-Qualified Deferred
Compensation Plan (the "Plan"). In return for such contribution Mr. Roth
received units in the Plan entitling him to an amount of cash payable at a
future date that is determined by reference to the market price of a Share.
On February 27, 2009, Interstate Properties distributed 1,000,000
Shares to Steven Roth.
Page 7 of 9
Mr. Roth is the beneficial owner of these Shares. On
February 27, 2009 Interstate Properties distributed 1,000,000 Shares to Russell
Wight. Mr. Wight is the beneficial owner of these Shares.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
No exhibits included with this Amendment No. 5.
Page 8 of 9
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this statement is true, complete
and correct.
DATED: March 2, 2009
INTERSTATE PROPERTIES
By: /s/ STEVEN ROTH
------------------------------
Name: Steven Roth
Title: Managing General Partner
STEVEN ROTH
/s/ STEVEN ROTH
------------------------------
Name: Steven Roth
RUSSELL B. WIGHT, JR.
/s/ RUSSELL B. WIGHT, JR
------------------------------
Name: Russell B. Wight, Jr.
DAVID MANDELBAUM
/s/ DAVID MANDELBAUM
------------------------------
Name: David Mandelbaum
Page 9 of 9
EXHIBIT INDEX
No exhibits included with this Amendment No. 5.