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| Vornado president exercises a stock option Vornado Realty Trust announced that Michael Fascitelli, its President and a Trustee, sold 1,335,033 shares of Vornado common stock through Banc of America Securities LLC in a block trade pursuant to Rule 144. These shares were acquired as result of the exercise of a stock option. This option, which Mr. Fascitelli has held since he joined Vornado in 1996, was scheduled to expire on December 2, 2006. Further, on December 29, 2006, Mr. Fascitelli will receive a distribution of 1,546,106 Vornado common shares from deferred compensation plans originated in 1996 and 2001 by the company for his benefit. write your comments about the article :: © 2006 Construction News :: home page |