<PAGE> 1
Exhibit Index on Page 5
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): May 1, 2000
Commission File Number: 1-11954
VORNADO REALTY TRUST
(Exact name of registrant as specified in its charter)
MARYLAND 22-1657560
(State or other jurisdiction of incorporation) (I.R.S. employer
identification number)
PARK 80 WEST, PLAZA II, SADDLE BROOK, NEW JERSEY 07663
(Address of principal executive offices) (Zip Code)
(201) 587-1000
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
<PAGE> 2
ITEMS 1-4. NOT APPLICABLE
ITEM 5. OTHER EVENTS
ISSUANCE OF SERIES D-6 PREFERRED UNITS BY VORNADO REALTY L.P.
On May 1, 2000, Vornado Realty L.P., a Delaware limited
partnership through which Vornado Realty Trust conducts its business (the
"Operating Partnership"), sold $21 million of Series D-6 Preferred Units of
limited partnership interest (the "Series D-6 Preferred Units") to an
institutional investor in a private placement, resulting in net proceeds of
$20,475,000.
The Series D-6 Preferred Units are perpetual and may be
redeemed without penalty in whole or in part by the Operating Partnership at any
time on or after May 1, 2005 for cash equal to $25 per Series D-6 Preferred Unit
and any accumulated and unpaid distributions owing in respect of the Series D-6
Preferred Units being redeemed. At any time on or after the Series D-6 Effective
Date (as defined below), holders of Series D-6 Preferred Units will have the
right to have their Series D-6 Preferred Units redeemed by the Operating
Partnership for (i) cash at a redemption price equal to $25 per unit for the
Series D-6 Preferred Units being redeemed or (ii) at the option of Vornado
Realty Trust, one Series D-6 8.25% Cumulative Redeemable Preferred Share of
Beneficial Interest (liquidation preference $25 per share), no par value (the
"Series D-6 Preferred Shares"), of Vornado Realty Trust for each Series D-6
Preferred Unit redeemed. The "Series D-6 Effective Date" means the sooner of (i)
May 1, 2010, (ii) the first business day following any period in which the
Operating Partnership has failed to make full distributions in respect of the
Series D-6 Preferred Units for six quarters, whether or not consecutive, (iii)
the first business day following receipt by the holder of the Series D-6
Preferred Units of either notice from Vornado Realty Trust, or an opinion of
counsel, that the Operating Partnership is or likely is a "publicly-traded
partnership," as defined in the Internal Revenue Code of 1986, as amended, and
(iv) the first business day following the date on which the institutional
investor to which the Series D-6 Preferred Units were issued reasonably
determines that there is an imminent and substantial risk that the Series D-6
Preferred Units held by it represent or will represent 19.5% or more of the
total profits or capital interests in the Operating Partnership for a taxable
year.
The Series D-6 Preferred Shares will be perpetual and will be
redeemable at the option of Vornado Realty Trust at any time on and after May 1,
2005 for cash equal to $25 per Series D-6 Preferred Share plus dividends
accumulated and unpaid prior to the date of redemption. No Series D-6 Preferred
Shares are now outstanding. Vornado Realty Trust and the purchaser of the Series
D-6 Preferred Units have entered into a registration rights agreement with
respect to the Series D-6 Preferred Shares that may be issued upon redemption of
Series D-6 Preferred Units.
-2-
<PAGE> 3
ITEM 6. NOT APPLICABLE
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
The following exhibits are furnished in accordance with the provisions
of Item 601 of Regulation S-K:
Exhibit No. Description
- ----------- -----------
3.1 Articles Supplementary to Declaration of Trust of Vornado Realty
Trust with respect to the Series D-6 Preferred Shares, dated May 1,
2000, as filed with the State Department of Assessments and
Taxation of Maryland on May 1, 2000
3.2 Twelfth Amendment to Second Amended and Restated Agreement of
Limited Partnership of Vornado Realty L.P., dated as of May 1, 2000
ITEM 8. NOT APPLICABLE
-3-
<PAGE> 4
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
VORNADO REALTY TRUST
(Registrant)
By: /s/ Irwin Goldberg
------------------------------
Name: Irwin Goldberg
Title: Vice President,
Chief Financial Officer
Date: May 19, 2000
-4-
<PAGE> 5
Index to Exhibits
Exhibit No. Description
- ----------- -----------
3.1 Articles Supplementary to Declaration of Trust of Vornado Realty
Trust with respect to the Series D-6 Preferred Shares, dated May 1,
2000, as filed with the State Department of Assessments and
Taxation of Maryland on May 1, 2000
3.2 Twelfth Amendment to Second Amended and Restated Agreement of
Limited Partnership of Vornado Realty L.P., dated as of May 1, 2000
-5-
<PAGE> 1
Exhibit 3.1
VORNADO REALTY TRUST
ARTICLES SUPPLEMENTARY
SERIES D-6 8.25% CUMULATIVE REDEEMABLE PREFERRED SHARES
(LIQUIDATION PREFERENCE $25.00 PER SHARE)
Vornado Realty Trust, a Maryland real estate investment trust
(the "Trust"), hereby certifies to the State Department of Assessments and
Taxation of Maryland that:
FIRST: Under a power contained in Article VI of the Amended
and Restated Declaration of Trust of the Trust (the "Declaration"), the Board of
Trustees of the Trust (the "Board of Trustees"), by unanimous written consent,
dated May 1, 2000, classified and designated 1,000,000 shares (the "Shares") of
the Preferred Stock, no par value per share (as defined in the Declaration), of
the Trust as shares of Series D-6 8.25% Cumulative Redeemable Preferred Shares
of Beneficial Interest, liquidation preference $25.00 per share, with the
following preferences and other rights, voting powers, restrictions, limitations
as to dividends and other distributions, qualifications and terms and conditions
of redemption, which upon any restatement of the Declaration, shall be deemed to
be part of Article VI of the Declaration, with any necessary or appropriate
changes to the enumeration or lettering of sections or subsections hereof:
SERIES D-6 CUMULATIVE REDEEMABLE PREFERRED SHARES
SECTION 1. NUMBER OF SHARES AND DESIGNATION. This series of
Preferred Stock shall be designated as Series D-6 8.25% Cumulative Redeemable
Shares of Beneficial Interest, liquidation preference $25.00 per share (the
"Series D-6 Preferred Shares"), and 1,000,000 shall be the number of shares of
Preferred Stock constituting such series.
SECTION 2. DEFINITIONS. For purposes of the Series D-6
Preferred Shares, the following terms shall have the meanings indicated:
"Board of Trustees" shall mean the Board of Trustees of the
Trust or any committee authorized by such Board of Trustees to perform
any of its responsibilities with respect to the Series D-6 Preferred
Shares.
"Business Day" shall mean any day other than a Saturday,
Sunday or a day on which state or federally chartered banking
institutions in New York, New York are not required to be open.
<PAGE> 2
"Common Shares" shall mean the common shares of beneficial
interest of the Trust, par value $.04 per share.
"Dividend Payment Date" shall mean the last calendar day of
March, June, September and December, in each year, commencing on the
first of March 31, June 30, September 30 or December 31 to follow the
Issue Date; provided, however, that if any Dividend Payment Date falls
on any day other than a Business Day, the dividend payment due on such
Dividend Payment Date shall be paid on the first Business Day
immediately following such Dividend Payment Date.
"Dividend Periods" shall mean quarterly dividend periods
commencing on March 31, June 30, September 30 and December 31 of each
year and ending on and including the day preceding the first day of the
next succeeding Dividend Period (other than the initial Dividend
Period, which shall commence on the Issue Date and end on and include
the day preceding the next succeeding March 31, June 30, September 30
or December 31 to occur (which ever occurs first)).
"Issue Date" shall mean the first date on which any Series D-6
Preferred Shares are issued.
"Junior Shares" shall mean the Common Shares and any other
class or series of shares of beneficial interest of the Trust
constituting junior shares of beneficial interest as described in
paragraph (c) of Section 8 hereof.
"Liquidation Preference" shall have the meaning set forth in
paragraph (a) of Section 4 hereof.
"Parity Shares" shall mean any shares of beneficial interest
as described in paragraph (b) of Section 8 hereof.
"Person" shall mean any individual, firm, partnership,
corporation, limited liability company or other entity, and shall
include any successor (by merger or otherwise) of such entity.
"Redemption Date" shall have the meaning set forth in
paragraph (c) of Section 5 hereof.
"Redemption Price" shall have the meaning set forth in
paragraph (a) of Section 5 hereof.
"Series D-6 Preferred Shares" shall have the meaning set forth
in Section 1 hereof. It is the intention of the Trust in establishing
the Series D-6 Preferred Shares, that, except to the extent otherwise
set forth herein, each Series D-6 Preferred Share
-2-
<PAGE> 3
shall be substantially the economic equivalent of a Series D-6
Preferred Unit in respect of which it was issued.
"Series D-6 Preferred Units" shall mean the Series D-6
Preferred Units of limited partner interest of Vornado Realty L.P., a
Delaware limited partnership.
"Set apart for payment" shall be deemed to include, without
any action other than the following, the recording by the Trust in its
accounting ledgers of any accounting or bookkeeping entry which
indicates, pursuant to a declaration of a dividend or other
distribution by the Board of Trustees, the allocation of funds to be so
paid on any series or class of shares of beneficial interest of the
Trust; provided, however, that if any funds for any class or series of
Junior Shares or any class or series of shares of beneficial interest
ranking on a parity with the Series D-6 Preferred Shares as to the
payment of dividends are placed in a separate account of the Trust or
delivered to a disbursing, paying or other similar agent, then "set
apart for payment" with respect to the Series D-6 Preferred Shares
shall mean placing such funds in a separate account or delivering such
funds to a disbursing, paying or other similar agent.
"Transfer Agent" means First Union National Bank of North
Carolina, Charlotte, North Carolina, or such other agent or agents of
the Trust as may be designated by the Board of Trustees or its designee
as the transfer agent for the Series D-6 Preferred Shares.
"Voting Preferred Shares" shall have the meaning set forth in
Section 9 hereof.
SECTION 3. DIVIDENDS. (a) The holders of Series D-6 Preferred
Shares shall be entitled to receive, when, as and if authorized and declared by
the Board of Trustees out of assets legally available for that purpose,
dividends payable in cash at the rate per annum of $2.0625 per Series D-6
Preferred Share (the "Annual Dividend Rate"). Such dividends with respect to
each Series D-6 Preferred Share shall be cumulative from the date on which such
Series D-6 Preferred Share was issued by the Trust, whether or not in any
Dividend Period or Periods there shall be assets of the Trust legally available
for the payment of such dividends, and shall be payable quarterly, when, as and
if authorized and declared by the Board of Trustees, in arrears on Dividend
Payment Dates commencing on the first Dividend Payment Date after the Issue
Date. Dividends are cumulative from the most recent Dividend Payment Date to
which dividends have been paid, whether or not in any Dividend Period or Periods
there shall be assets legally available therefor. Each such dividend shall be
payable in arrears to the holders of record of the Series D-6 Preferred Shares,
as they appear on the share records of the Trust at the close of business on
such record dates, not more than 30 days preceding the applicable Dividend
Payment Date (the "Dividend Payment Record Date"), as shall be fixed by the
Board of Trustees. Accumulated and unpaid dividends for
-3-
<PAGE> 4
any past Dividend Periods may be authorized and declared and paid at any time,
without reference to any regular Dividend Payment Date, to holders of record on
such date, not exceeding 45 days preceding the payment date thereof, as may be
fixed by the Board of Trustees.
(b) The amount of dividends payable for each full Dividend
Period for each Series D-6 Preferred Share shall be computed by dividing the
Annual Dividend Rate by four. The amount of dividends payable for the initial
Dividend Period, or any other period shorter or longer than a full Dividend
Period, on the Series D-6 Preferred Shares shall be computed on the basis of
twelve 30-day months and a 360-day year. Holders of Series D-6 Preferred Shares
shall not be entitled to any dividends, whether payable in cash, property or
stock, in excess of cumulative dividends, as herein provided, on the Series D-6
Preferred Shares. No interest, or sum of money in lieu of interest, shall be
payable in respect of any dividend payment or payments on the Series D-6
Preferred Shares that may be in arrears.
(c) So long as any Series D-6 Preferred Shares are
outstanding, no dividends, except as described in the immediately following
sentence, shall be authorized and declared or paid or set apart for payment on
any series or class or classes of Parity Shares for any period unless full
cumulative dividends have been or contemporaneously are authorized and declared
and paid or authorized and declared and a sum sufficient for the payment thereof
set apart for such payment on the Series D-6 Preferred Shares for all Dividend
Periods terminating on or prior to the dividend payment date on such class or
series of Parity Shares. When dividends are not paid in full or a sum sufficient
for such payment is not set apart, as aforesaid, all dividends authorized and
declared upon Series D-6 Preferred Shares and all dividends authorized and
declared upon any other series or class or classes of Parity Shares shall be
authorized and declared ratably in proportion to the respective amounts of
dividends accumulated and unpaid on the Series D-6 Preferred Shares and such
Parity Shares.
(d) So long as any Series D-6 Preferred Shares are
outstanding, no dividends (other than dividends or distributions paid solely in
shares of, or options, warrants or rights to subscribe for or purchase shares
of, Junior Shares) shall be authorized and declared or paid or set apart for
payment or other distribution authorized and declared or made upon Junior
Shares, nor shall any Junior Shares be redeemed, purchased or otherwise acquired
(other than a redemption, purchase or other acquisition of Common Shares made
for purposes of and in compliance with requirements of an employee incentive or
benefit plan of the Trust or any subsidiary, or as permitted under Article VI of
the Declaration), for any consideration (or any moneys to be paid to or made
available for a sinking fund for the redemption of any shares of beneficial
interest) by the Trust, directly or indirectly (except by conversion into or
exchange for Junior Shares), unless in each case (i) the full cumulative
dividends on all outstanding Series D-6 Preferred Shares and any other Parity
Shares of the Trust shall have been paid or set apart for payment for all past
Dividend Periods with respect to the Series D-6 Preferred Shares and all past
dividend periods with respect to such Parity Shares and (ii) sufficient funds
shall have been paid or set apart for the payment of the dividend for the
-4-
<PAGE> 5
current Dividend Period with respect to the Series D-6 Preferred Shares and any
Parity Shares.
(e) Any accumulated distributions on Series D-6 Preferred
Units that remain unpaid at the time such Series D-6 Preferred Units are
acquired by the Trust for Series D-6 Preferred Shares shall also be deemed to be
accumulated and unpaid dividends in respect of such Series D-6 Preferred Shares
as of the date of issuance of such Series D-6 Preferred Shares and shall be paid
when declared by the Board of Trustees.
SECTION 4. LIQUIDATION PREFERENCE. (a) In the event of any
liquidation, dissolution or winding up of the Trust, whether voluntary or
involuntary, before any payment or distribution of the assets of the Trust
(whether capital or surplus) shall be made to or set apart for the holders of
Junior Shares, the holders of Series D-6 Preferred Shares shall be entitled to
receive Twenty Five Dollars ($25.00) per Series D-6 Preferred Share (the
"Liquidation Preference") plus an amount equal to all dividends (whether or not
earned or declared) accumulated and unpaid thereon to the date of final
distribution to such holder; but such holders of Series D-6 Preferred Shares
shall not be entitled to any further payment. If, upon any such liquidation,
dissolution or winding up of the Trust, the assets of the Trust, or proceeds
thereof, distributable among the holders of Series D-6 Preferred Shares shall be
insufficient to pay in full the preferential amount aforesaid and liquidating
payments on any other Parity Shares, then such assets, or the proceeds thereof,
shall be distributed among the holders of such Series D-6 Preferred Shares and
any such other Parity Shares ratably in accordance with the respective amounts
that would be payable on such Series D-6 Preferred Shares and any such other
Parity Shares if all amounts payable thereon were paid in full. For the purposes
of this Section 4, (i) a consolidation or merger of the Trust with one or more
entities, (ii) a statutory share exchange and (iii) a sale or transfer of all or
substantially all of the Trust's assets, shall not be deemed to be a
liquidation, dissolution or winding up, voluntary or involuntary, of the Trust.
(b) Subject to the rights of the holders of shares of any
series or class or classes of shares of beneficial interest ranking on a parity
with or prior to the Series D-6 Preferred Shares upon liquidation, dissolution
or winding up, upon any liquidation, dissolution or winding up of the Trust,
after payment shall have been made in full to the holders of the Series D-6
Preferred Shares, as provided in this Section 4, any series or class or classes
of Junior Shares shall, subject to any respective terms and provisions applying
thereto, be entitled to receive any and all assets remaining to be paid or
distributed, and the holders of the Series D-6 Preferred Shares shall not be
entitled to share therein.
SECTION 5. REDEMPTION AT THE OPTION OF THE TRUST. (a) Except
as otherwise permitted by Article VI of the Declaration, the Series D-6
Preferred Shares shall not be redeemable by the Trust prior to May 1, 2005. On
and after May 1, 2005, the Trust, at its option, may redeem the Series D-6
Preferred Shares, in whole or in part, as set forth herein, subject to the
provisions described below, at a redemption price, payable in cash, equal to
-5-
<PAGE> 6
the Liquidation Preference plus dividends accumulated and unpaid prior to the
date of redemption (the "Redemption Price"). The Redemption Price of the Series
D-6 Preferred Shares (other than any portion consisting of accrued and unpaid
dividends) shall be payable solely with the proceeds from the sale by the Trust
or the Operating Partnership of other Capital Shares of the Trust or the
Operating Partnership (whether or not such sale occurs concurrently with such
redemption). For purposes of the preceding sentence, "Capital Shares" means any
common shares, preferred shares, depositary shares, partnership or other
interests, participations or other ownership interests (however designated) and
any rights (other than debt securities convertible into or exchangeable for
equity securities) or options to purchase any of the foregoing of or in the
Trust or the Operating Partnership.
(b) If full cumulative dividends on the Series D-6 Preferred
Shares and any other series or class or classes of Parity Shares of the Trust
have not been paid or declared and set apart for payment, except as otherwise
permitted under Article VI of the Declaration, the Series D-6 Preferred Shares
may not be redeemed in part and the Trust may not purchase, redeem or otherwise
acquire Series D-6 Preferred Shares or any Parity Shares other than in exchange
for Junior Shares.
(c) If the Trust shall redeem shares of Series D-6 Preferred
Shares pursuant to paragraph (a) of this Section 5, notice of such redemption
shall be given to each holder of record of the Series D-6 Preferred Shares to be
redeemed. Such notice shall be provided by first class mail, postage prepaid, at
such holder's address as the same appears on the stock records of the Trust, or
by publication in The Wall Street Journal or The New York Times, or if neither
such newspaper is then being published, any other daily newspaper of national
circulation. If the Trust elects to provide such notice by publication, it shall
also promptly mail notice of such redemption to the holders of the Series D-6
Preferred Shares to be redeemed. Neither the failure to mail any notice required
by this paragraph (c), nor any defect therein or in the mailing thereof, to any
particular holder, shall affect the sufficiency of the notice or the validity of
the proceedings for redemption with respect to the other holders. Any notice
that was mailed in the manner herein provided shall be conclusively presumed to
have been duly given on the date mailed whether or not the holder receives the
notice. Each such mailed or published notice shall state, as appropriate: (1)
the date on which such Series D-6 Preferred Shares are to be redeemed (the
"Redemption Date"); (2) the number of Series D-6 Preferred Shares to be redeemed
and, if fewer than all the Series D-6 Preferred Shares held by such holder are
to be redeemed, the number of such Series D-6 Preferred Shares to be redeemed
from such holder; (3) the Redemption Price; (4) the place or places at which
certificates for such Series D-6 Preferred Shares are to be surrendered for
payment of the Redemption Price; and (5) that dividends on the shares to be
redeemed shall cease to accrue on such Redemption Date except as otherwise
provided herein. Notice having been published or mailed as aforesaid, from and
after the Redemption Date (unless the Trust shall fail to make available an
amount of cash necessary to effect such redemption), (i) except as otherwise
provided herein, dividends on the Series D-6 Preferred Shares so called for
redemption shall cease to accumulate, (ii) said shares shall no longer be deemed
-6-
<PAGE> 7
to be outstanding, and (iii) all rights of the holders thereof as holders of
Series D-6 Preferred Shares of the Trust shall cease (except the right to
receive the Redemption Price, without interest thereon, upon surrender and
endorsement of their certificates if so required). The Trust's obligation to
provide cash in accordance with the preceding sentence shall be deemed fulfilled
if, on or before the Redemption Date, the Trust shall deposit with a bank or
trust company (which may be an affiliate of the Trust) that has an office in the
Borough of Manhattan, City of New York, or in Baltimore, Maryland and that has,
or is an affiliate of a bank or trust company that has, a capital and surplus of
at least $50,000,000, the cash necessary for such redemption, in trust, with
irrevocable instructions that such cash be applied to the redemption of the
Series D-6 Preferred Shares so called for redemption. No interest shall accrue
for the benefit of the holder of Series D-6 Preferred Shares to be redeemed on
any cash so set aside by the Trust. Subject to applicable escheat laws, any such
cash unclaimed at the end of two years from the Redemption Date shall revert to
the general funds of the Trust, after which reversion the holders of such shares
so called for redemption shall look only to the general funds of the Trust for
the payment of such cash.
As promptly as practicable after the surrender in accordance
with said notice of the certificates for any such Series D-6 Preferred Shares so
redeemed (properly endorsed or assigned for transfer, if the Trust shall so
require and if the notice shall so state), such Series D-6 Preferred Shares
shall be exchanged for the cash (without interest thereon) for which such Series
D-6 Preferred Shares have been redeemed. If fewer than all of the outstanding
Series D-6 Preferred Shares are to be redeemed, the Series D-6 Preferred Shares
to be redeemed shall be selected by the Trust from the outstanding Series D-6
Preferred Shares not previously called for redemption by lot or pro rata (as
nearly as may be) or by any other method determined by the Trust in its sole
discretion to be equitable. If fewer than all the Series D-6 Preferred Shares
evidenced by any certificate are redeemed, then new certificates evidencing the
unredeemed Series D-6 Preferred Shares shall be issued without cost to the
holder thereof.
SECTION 6. REACQUIRED SHARES TO BE RETIRED.
All Series D-6 Preferred Shares which shall have been issued
and reacquired in any manner by the Trust shall be restored to the status of
authorized but unissued shares of Preferred Stock, without designation as to
series.
SECTION 7. PERMISSIBLE DISTRIBUTIONS. In determining whether a
distribution (other than upon liquidation, dissolution or winding up), whether
by dividend, or upon redemption or other acquisition of shares or otherwise, is
permitted under Maryland law, amounts that would be needed, if the Trust were to
be dissolved at the time of the distribution, to satisfy the preferential rights
upon dissolution of holders of shares of any class or series of beneficial
interest whose preferential rights upon dissolution are superior or prior to
those receiving the distribution shall not be added to the Trust's total
liabilities.
-7-
<PAGE> 8
SECTION 8. RANKING. Any class or series of shares of
beneficial interest of the Trust shall be deemed to rank:
(a) prior to the Series D-6 Preferred Shares, as to the
payment of dividends and as to distribution of assets upon liquidation,
dissolution or winding up, if the holders of shares of such class or series
shall be entitled to the receipt of dividends or of amounts distributable upon
liquidation, dissolution or winding up, as the case may be, in preference or
priority to the holders of Series D-6 Preferred Shares ("Senior Shares");
(b) on a parity with the Series D-6 Preferred Shares, as to
the payment of dividends and as to the distribution of assets upon liquidation,
dissolution or winding up, whether or not the dividend rates, dividend payment
dates or redemption or liquidation prices per share thereof be different from
those of the Series D-6 Preferred Shares, if the holders of shares of such class
or series and the Series D-6 Preferred Shares shall be entitled to the receipt
of dividends and of amounts distributable upon liquidation, dissolution or
winding up in proportion to their respective amounts of accumulated and unpaid
dividends per share or liquidation preferences, without preference or priority
one over the other ("Parity Shares"); and
(c) junior to the Series D-6 Preferred Shares, as to the
payment of dividends or as to the distribution of assets upon liquidation,
dissolution or winding up, if such shares shall be Common Shares or if the
holders of Series D-6 Preferred Shares shall be entitled to receipt of dividends
or of amounts distributable upon liquidation, dissolution or winding up, as the
case may be, in preference or priority to the holders of shares of such class or
series, and shares of such class or series shall not in either case rank prior
to the Series D-6 Preferred Shares.
Accordingly, the Series A Preferred Shares are Parity Shares.
SECTION 9. VOTING. Except as otherwise set forth herein, the
Series D-6 Preferred Shares shall not have any relative, participating, optional
or other voting rights or powers, and the consent of the holders thereof shall
not be required for the taking of any corporate (or trust) action.
If and whenever dividends payable on the Series D-6 Preferred
Shares or any series or class of Parity Shares shall be in arrears (which shall,
with respect to any such quarterly dividend, mean that any such dividend has not
been paid in full) for six quarters, whether or not consecutive and whether or
not earned or declared, the number of trustees then constituting the Board of
Trustees shall be increased by two and the holders of Series D-6 Preferred
Shares, together with the holders of shares of every other series or class of
Parity Shares having like voting rights (shares of any such other series, the
"Voting Preferred Shares"), voting as a single class regardless of series, shall
be entitled to elect the two additional trustees to serve on the Board of
Trustees at any annual meeting of shareholders
-8-
<PAGE> 9
or special meeting held in place thereof, or at a special meeting of the holders
of Series D-6 Preferred Shares and the Voting Preferred Shares called as
hereinafter provided. Whenever all arrears in dividends on the Series D-6
Preferred Shares and the Voting Preferred Shares then outstanding shall have
been paid and full dividends thereon for the current quarterly dividend period
shall have been paid or declared and set apart for payment, then the right of
the holders of the Series D-6 Preferred Shares and the Voting Preferred Shares
to elect such additional two trustees shall cease (but subject always to the
same provision for the vesting of such voting rights in the case of any similar
future arrearages in six quarterly dividends), and the terms of office of all
persons elected as trustees by the holders of the Series D-6 Preferred Shares
and the Voting Preferred Shares shall forthwith terminate and the number of
trustees constituting the Board of Trustees shall be reduced accordingly. At any
time after such voting power shall have been so vested in the holders of shares
of Series D-6 Preferred Shares and the Voting Preferred Shares, the Secretary of
the Trust may, and upon the written request of any holder of Series D-6
Preferred Shares (addressed to the Secretary at the principal office of the
Trust) shall, call a special meeting of the holders of the Series D-6 Preferred
Shares and of the Voting Preferred Shares for the election of the two trustees
to be elected by them as herein provided, such call to be made by notice similar
to that provided in the Bylaws of the Trust for a special meeting of the
shareholders or as required by law. If any such special meeting required to be
called as above provided shall not be called by the Secretary within 20 days
after receipt of such request, then any holder of Series D-6 Preferred Shares
may call such meeting, upon the notice above provided, and for that purpose
shall have access to the stock books of the Trust. The trustees elected at any
such special meeting shall hold office until the next annual meeting of the
shareholders or special meeting held in lieu thereof if such office shall not
have previously terminated as above provided. If any vacancy shall occur among
the trustees elected by the holders of the Series D-6 Preferred Shares and the
Voting Preferred Shares, a successor shall be elected by the Board of Trustees,
upon the nomination of the then-remaining trustee elected by the holders of the
Series D-6 Preferred Shares and the Voting Preferred Shares or the successor of
such remaining trustee, to serve until the next annual meeting of the
shareholders or special meeting held in place thereof if such office shall not
have previously terminated as provided above.
So long as any Series D-6 Preferred Shares are outstanding, in
addition to any other vote or consent of shareholders required by the
Declaration, the affirmative vote of at least 66-2/3% of the votes entitled to
be cast by the holders of Series D-6 Preferred Shares and the Voting Preferred
Shares, at the time outstanding, voting as a single class regardless of series,
given in person or by proxy, either in writing without a meeting or by vote at
any meeting called for the purpose, shall be necessary for effecting or
validating (a) any amendment, alteration or repeal of any of the provisions of
the Declaration or these Articles Supplementary that materially and adversely
affects the voting powers, rights or preferences of the Series D-6 Preferred
Shares; provided, however, that (i) the amendment of the provisions of the
Declaration so as to authorize or create or to increase the authorized amount
of, any Junior Shares or any shares of any class or series ranking on a parity
with the
-9-
<PAGE> 10
Series D-6 Preferred Shares or the Voting Preferred Shares shall not be deemed
to materially and adversely affect the voting powers, rights or preferences of
the holders of Series D-6 Preferred Shares and (ii) any filing with the State
Department of Assessments and Taxation of Maryland by the Trust in connection
with a merger, consolidation or sale of all or substantially all of the assets
of the Trust shall not be deemed to be an amendment, alteration or repeal of any
of the provisions of the Declaration or these Articles Supplementary; and
provided further, that if any such amendment, alteration or repeal would
materially and adversely affect any voting powers, rights or preferences of the
Series D-6 Preferred Shares but not all series of Voting Preferred Shares at the
time outstanding, the affirmative vote of at least 66-2/3% of the votes entitled
to be cast by the holders of all series similarly affected, similarly given,
shall be required in lieu of the affirmative vote of at least 66-2/3% of the
votes entitled to be cast by the holders of the Series D-6 Preferred Shares and
the Voting Preferred Shares otherwise entitled to vote in accordance herewith or
(b) the authorization or creation of, or the increase in the authorized amount
of, any shares of any class or series or any security convertible into shares of
any class or series ranking prior to the Series D-6 Preferred Shares in the
distribution of assets on any liquidation, dissolution or winding up of the
Trust or in the payment of dividends; provided, however, that, in the case of
each of subparagraphs (a) and (b), no such vote of the holders of Series D-6
Preferred Shares or Voting Preferred Shares, as the case may be, shall be
required if, at or prior to the time when such amendment, alteration or repeal
is to take effect, or when the issuance of any such prior shares or convertible
security is to be made, provision is made for the redemption of all Series D-6
Preferred Shares or Voting Preferred Shares, as the case may be, at the time
outstanding in accordance with Section 5 hereof.
For purposes of the foregoing provisions of this Section 9,
each Series D-6 Preferred Share shall have one (1) vote per share, except that
when any other series of Preferred Stock shall have the right to vote with the
Series D-6 Preferred Shares as a single class on any matter, then the Series D-6
Preferred Shares and such other series shall have with respect to such matters
one (1) vote per $25.00 of stated liquidation preference.
SECTION 10. RECORD HOLDERS. The Trust and the Transfer Agent
may deem and treat the record holder of any Series D-6 Preferred Shares as the
true and lawful owner thereof for all purposes, and neither the Trust nor the
Transfer Agent shall be affected by any notice to the contrary.
SECTION 11. RESTRICTIONS ON OWNERSHIP AND TRANSFER. The Series
D-6 Preferred Shares constitute Preferred Stock, and Preferred Stock constitutes
Equity Stock of the Trust. Therefore, the Series D-6 Preferred Shares, being
Equity Stock, are governed by and issued subject to all the limitations, terms
and conditions of the Declaration applicable to Equity Stock generally,
including but not limited to the terms and conditions (including exceptions and
exemptions) of Article VI of the Declaration applicable to Equity Stock. The
foregoing sentence shall not be construed to limit the applicability to the
Series D-6 Preferred Shares of any other term or provision of the Declaration.
-10-
<PAGE> 11
SECOND: The Shares have been classified and designated by the
Board of Trustees under the authority contained in the Declaration.
THIRD: These Articles Supplementary have been approved by the
Board of Trustees in the manner and by the vote required by law.
FOURTH: The undersigned Vice President and Chief Financial
Officer acknowledges these Articles Supplementary to be the trust act of the
Trust and, as to all matters or facts required to be verified under oath, the
undersigned Vice President and Chief Financial Officer acknowledges that, to the
best of his knowledge, information and belief, these matters and facts are true
in all material respects and that this Statement is made under the penalties for
perjury.
-11-
<PAGE> 12
IN WITNESS WHEREOF, the Trust has caused these Articles
Supplementary to be executed in its name and on its behalf by its Vice President
and Chief Financial Officer and attested to by one of its Assistant Secretaries
on this 1st day of May, 2000.
VORNADO REALTY TRUST
/s/ Irwin Goldberg
------------------------------------
Name: Irwin Goldberg
Title: Vice President and
Chief Financial Officer
ATTEST:
/s/ Suzanne H. Weir
------------------------------------
Name: Suzanne H. Weir
Title: Assistant Secretary
<PAGE> 1
Exhibit 3.2
TWELFTH
AMENDMENT
TO
SECOND AMENDED AND RESTATED
AGREEMENT OF LIMITED PARTNERSHIP
OF
VORNADO REALTY L.P.
---------------------------------------------
Dated as of May 1, 2000
---------------------------------------------
THIS TWELFTH AMENDMENT TO THE SECOND AMENDED AND RESTATED AGREEMENT OF
LIMITED PARTNERSHIP OF VORNADO REALTY L.P. (this "Amendment"), dated as of May
1, 2000, is hereby adopted by Vornado Realty Trust, a Maryland real estate
investment trust (defined therein as the "General Partner"), as the general
partner of Vornado Realty L.P., a Delaware limited partnership (the
"Partnership"). For ease of reference, capitalized terms used herein and not
otherwise defined have the meanings assigned to them in the Second Amended and
Restated Agreement of Limited Partnership of Vornado Realty L.P., as amended by
the Amendment to Second Amended and Restated Agreement of Limited Partnership of
Vornado Realty L.P., dated as of December 16, 1997, and further amended by the
Second Amendment to Second Amended and Restated Agreement of Limited Partnership
of Vornado Realty L.P., dated as of April 1, 1998, the Third Amendment to Second
Amended and Restated Agreement of Limited Partnership of Vornado Realty L.P.,
dated as of November 12, 1998, the Fourth Amendment to Second Amended and
Restated Agreement of Limited Partnership of Vornado Realty L.P., dated as of
November 30, 1998, the Fifth Amendment to Second Amended and Restated Agreement
of Limited Partnership of Vornado Realty L.P., dated as of March 3, 1999, the
Sixth Amendment to Second Amended and Restated Agreement of Limited Partnership
of Vornado Realty L.P., dated as of March 17, 1999, the Seventh Amendment to
Second Amended and Restated Agreement of Limited Partnership of Vornado Realty
L.P., dated as of May 20, 1999, the Eighth Amendment to Second Amended and
Restated Agreement of Limited Partnership of Vornado Realty L.P., dated as of
March 17, 1999, the Ninth Amendment to Second Amended and Restated Agreement of
Limited Partnership of Vornado Realty L.P., dated as of September 3, 1999, the
Tenth Amendment to Second Amended and Restated Agreement of Limited Partnership
of Vornado Realty L.P., dated as of September 3, 1999, and the Eleventh
Amendment to Second Amended and Restated
<PAGE> 2
Agreement of Limited Partnership of Vornado Realty L.P., dated as of November
24, 1999 (as so amended, the "Agreement").
WHEREAS, the General Partner desires to establish and set forth the
terms of a new Series of Partnership Interests designated as Series D-6
Preferred Units (the "Series D-6 Preferred Units");
WHEREAS, as of the date hereof, the Partnership entered into a Private
Placement Purchase Agreement with Salomon Smith Barney Tax Advantaged Exchange
Fund III, LLC, a Delaware limited liability company (the "Fund"), pursuant to
which the Partnership agreed to issue to the Fund Partnership Units of a newly
created series to be designated by the Partnership as "Series D-6 Preferred
Units" of the Partnership;
WHEREAS, the General Partner has determined that it is in the best
interest of the Partnership to amend the Agreement to reflect the issuance of
the above-referenced Series D-6 Preferred Units;
WHEREAS, Section 14.1.B of the Agreement grants the General Partner
power and authority to amend the Agreement without the consent of any of the
Partnership's limited partners if the amendment does not adversely affect or
eliminate any right granted to a limited partner pursuant to any of the
provisions of the Agreement specified in Section 14.1.C or Section 14.1.D of the
Agreement as requiring a particular minimum vote; and
WHEREAS, the General Partner has determined that the amendment effected
hereby does not adversely affect or eliminate any of the limited partner rights
specified in Section 14.1.C or Section 14.1.D of the Agreement;
NOW, THEREFORE, the General Partner hereby amends the Agreement as
follows:
1. Exhibit S, attached hereto as Attachment 1, is hereby incorporated
by reference into the Agreement and made a part thereof.
2. Section 4.2 of the Agreement is hereby supplemented by adding the
following paragraph to the end thereof:
"P. Issuance of Series D-6 Preferred Units. From and after the date
hereof the Partnership shall be authorized to issue Partnership Units
of a new series, which Partnership Units are hereby designated as
"Series D-6 Preferred Units". Series D-6 Preferred Units shall have the
terms set forth in Exhibit S attached hereto and made part hereof."
-2-
<PAGE> 3
3. In making distributions pursuant to Section 5.1(b) of the Agreement,
the General Partner of the Partnership shall take into account the provisions of
Paragraph 2 of Exhibit S to the Agreement, including, but not limited to,
Paragraph 2.F(ii) thereof.
4. The Agreement is hereby supplemented by adding the following
paragraph at the end of Section 8.6 thereof:
"O. Series D-6 Preferred Unit Exception. Section 8.6.A of this
Agreement shall not apply to any Partnership Unit designated as a Series D-6
Preferred Unit."
5. Exhibit A of the Agreement is hereby deleted and is replaced in its
entirety by new Exhibit A attached hereto as Attachment 2.
6. Except as expressly amended hereby, the Agreement shall remain in
full force and effect.
-3-
<PAGE> 4
IN WITNESS WHEREOF, the General Partner has executed this Amendment as
of the date first written above.
VORNADO REALTY TRUST
By: /s/ Irwin Goldberg
------------------------------------
Name: Irwin Goldberg
Title: Vice President and Chief
Financial Officer
<PAGE> 5
Attachment 1
EXHIBIT S
DESIGNATION OF THE PREFERENCES,
VOTING POWERS, RESTRICTIONS,
LIMITATIONS AS TO DISTRIBUTIONS, QUALIFICATIONS AND TERMS
AND CONDITIONS OF REDEMPTION
OF THE
SERIES D-6 PREFERRED UNITS
1. Definitions.
In addition to those terms defined in the Agreement, the
following definitions shall be for all purposes, unless otherwise clearly
indicated to the contrary, applied to the terms used in the Agreement and this
Exhibit S:
"Annual Distribution Rate" shall have the meaning set forth in
Section 2.B(i) hereof.
"Board of Trustees" shall mean the Board of Trustees of the
General Partner or any committee authorized by such Board of Trustees to perform
any of its responsibilities with respect to the Series D-6 Preferred Shares.
"Common Shares" shall mean the common shares of beneficial
interest of the General Partner, par value $.04 per share.
"Distribution Payment Date" shall mean the last calendar day
of March, June, September and December, in each year, commencing on June 30,
2000; provided, however, that if any Distribution Payment Date falls on any day
other than a Business Day, the dividend payment due on such Distribution Payment
Date shall be paid on the first Business Day immediately following such
Distribution Payment Date.
"Distribution Periods" shall mean quarterly distribution
periods commencing on March 31, June 30, September 30 and December 31 of each
year and ending on and including the day preceding the first day of the next
succeeding Distribution Period (other than the initial Distribution Period,
which shall commence on May 1, 2000 and end on and include June 29, 2000).
<PAGE> 6
"Dividend Payment Date" shall mean a dividend payment date
with respect to the Series D-6 Preferred Shares.
"Redemption Date" shall have the meaning set forth in Section
2.D(iii) hereof.
"Series D-6 Effective Date" shall be the sooner of: (w) May 1,
2010, (x) the first Business Day following any period in which the Partnership
has failed to make full distributions in respect of the Series D-6 Preferred
Units for six (6) Distribution Periods, whether or not consecutive, (y) the
first Business Day following the receipt by the holder of the Series D-6
Preferred Units of (A) notice from the General Partner that the General Partner
or the Partnership has taken the position that the Partnership is or likely is a
publicly-traded partnership within the meaning of Section 7704 of the Code or
any successor provision thereof (a "PTP") or (B) an opinion rendered by
independent counsel familiar with such matters addressed to the holder of Series
D-6 Preferred Units that the Partnership is a PTP, and (z) the first Business
Day following the date on which Salomon Smith Barney Tax Advantaged Exchange
Fund III, LLC (the "Fund") determines, based on results or projected results,
that there exists (in the Fund's reasonable judgment) an imminent and
substantial risk that the Series D-6 Preferred Units held by the Fund represent
or will represent 19.5% or more of the total profits or capital interests in the
Partnership for a taxable year (determined in accordance with Treasury
Regulations Section 1.731-2(e)(4)).
"Series D-6 Notice of Redemption" shall have the meaning set
forth in Section 2.E(i)(a) hereof.
"Series D-6 Preferred Shares" means the shares of beneficial
interest of the General Partner Entity designated as Series D-6 8.25% Cumulative
Redeemable Preferred Shares of Beneficial Interest, no par value, having the
rights and preferences and other terms set forth in Schedule 1 to this Exhibit
S.
"Series D-6 Preferred Unit" means a unit representing certain
rights in Vornado Realty L.P. (a "Partnership Unit") issued by the Partnership
having the preferences, voting powers, restrictions, limitations as to
distributions, qualifications and terms and conditions of redemption as are set
forth in this Exhibit S.
"Series D-6 Redeeming Partner" shall have the meaning set
forth in Section 2.E(i)(a) hereof.
"Series D-6 Redemption Right" shall have the meaning set forth
in Section 2.E(i)(a) hereof.
-2-
<PAGE> 7
"Series D-6 Specified Redemption Date" shall mean the sixtieth
Business Day after receipt by the General Partner of a Series D-6 Notice of
Redemption in respect of the Series D-6 Units; provided, however, that the
Series D-6 Specified Redemption Date shall mean the tenth Business Day after
receipt by the General Partner of a Series D-6 Notice of Redemption delivered
in respect of a redemption described in Treas. Reg. Section 1.7704-1(e).
"set apart for payment" shall be deemed to include, without
any action other than the following, the recording by the Partnership or the
General Partner on behalf of the Partnership in its accounting ledgers of any
accounting or bookkeeping entry which indicates, pursuant to a declaration of a
distribution by the General Partner, the allocation of funds to be so paid on
any series or class of Partnership Units; provided, however, that if any funds
for any class or series of Junior Units (as defined below) or any class or
series of Partnership Units ranking on a parity with the Series D-6 Preferred
Units as to the payment of distributions are placed in a separate account of the
Partnership or delivered to a disbursing, paying or other similar agent, then
"set apart for payment" with respect to the Series D-6 Preferred Units shall
mean placing such funds in a separate account or delivering such funds to a
disbursing, paying or other similar agent.
"Third Party Redemption Date" shall have the meaning set forth
in Section 2.D(ii) hereof.
"Trading Day" shall mean any day on which the securities in
question are traded on the NYSE, or if such securities are not listed or
admitted for trading on the NYSE, on the principal national securities exchange
on which such securities are listed or admitted, or if not listed or admitted
for trading on any national securities exchange, on the NASDAQ National Market,
or if such securities are not quoted on such NASDAQ National Market, in the
applicable securities market in which the securities are traded.
2. Terms of the Series D-6 Preferred Units.
A. Number. As of the close of business on the date hereof, the
total number of Series D-6 Preferred Units issued and outstanding will be up to
840,000. The Partnership may issue additional Series D-6 Preferred Units from
time to time in accordance with the terms of the Agreement and, in connection
with any such additional issuance, Exhibit A to the Agreement shall be revised
to reflect the total number of Series D-6 Preferred Units then issued and
outstanding.
B. Distributions. (i) The holders of the then outstanding
Series D-6 Preferred Units shall be entitled to receive, when, as and if
declared by the General Partner, distributions payable in cash at the rate per
annum of $2.0625 per Series D-6 Preferred Unit (the "Annual Distribution Rate").
Such distributions with respect to each Series D-6 Preferred Unit shall be
cumulative from the date of issuance of such Series D-
-3-
<PAGE> 8
6 Preferred Unit and shall be payable quarterly, when, as and if authorized and
declared by the General Partner, in arrears on Distribution Payment Dates,
commencing on the first Distribution Payment Date after May 1, 2000.
Distributions are cumulative from the most recent Distribution Payment Date to
which distributions have been paid. Accumulated and unpaid distributions for any
past Distribution Periods may be declared and paid at any time, without
reference to any regular Distribution Payment Date.
(ii) The amount of dividends payable for each full
Distribution Period for the Series D-6 Preferred Units (other than the initial
Distribution Period) shall be computed by dividing the Annual Distribution Rate
by four. The amount of distributions payable for the initial Distribution
Period, or any other period shorter or longer than a full Distribution Period,
on the Series D-6 Preferred Units shall be computed on the basis of twelve
30-day months and a 360-day year. The holders of the then outstanding Series D-
6 Preferred Units shall not be entitled to any distributions, whether payable in
cash, property or securities, in excess of cumulative distributions, as herein
provided, on the Series D-6 Preferred Units. No interest, or sum of money in
lieu of interest, shall be payable in respect of any distribution payment or
payments on the Series D-6 Preferred Units that may be in arrears.
(iii) So long as any Series D-6 Preferred Units are
outstanding, no distributions, except as described in the immediately following
sentence, shall be declared or paid or set apart for payment on any series or
class or classes of Parity Units (as defined below) for any period unless full
cumulative distributions have been or contemporaneously are declared and paid or
declared and a sum sufficient for the payment thereof set apart for such payment
on the Series D-6 Preferred Units for all Distribution Periods terminating on or
prior to the distribution payment date on such class or series of Parity Units,
except in the case of distributions on the Series B-2 Restricted Preferred Units
to the extent not paid due to a lack of funds in the Nongovernmental Account.
When distributions are not paid in full or a sum sufficient for such payment is
not set apart, as aforesaid, all distributions declared upon Series D-6
Preferred Units and all distributions declared upon any other series or class or
classes of Parity Units shall be declared ratably in proportion to the
respective amounts of distributions accumulated and unpaid on the Series D-6
Preferred Units and such Parity Units, except in the case of distributions on
the Series B-2 Restricted Preferred Units to the extent not paid due to a lack
of funds in the Nongovernmental Account.
(iv) So long as any Series D-6 Preferred Units are
outstanding, no distributions (other than distributions paid solely in Junior
Units or options, warrants or rights to subscribe for or purchase Junior Units)
shall be declared or paid or set apart for payment or other distribution
declared or made upon Junior Units, nor shall any Junior Units be redeemed,
purchased or otherwise acquired (other than a redemption, purchase or other
acquisition of Junior Units made in respect of a redemption, purchase or other
acquisition of Common Shares made for purposes of and in compliance with
-4-
<PAGE> 9
requirements of an employee incentive or benefit plan of the General Partner or
any subsidiary, or as permitted under Article VI of the Declaration of Trust of
the General Partner), for any consideration (or any moneys to be paid to or made
available for a sinking fund for the redemption of any such Junior Units) by the
General Partner, directly or indirectly (except by conversion into or exchange
for Junior Units), unless in each case (a) the full cumulative distributions on
all outstanding Series D-6 Preferred Units and any other Parity Units of the
Partnership shall have been paid or set apart for payment for all past
Distribution Periods with respect to the Series D-6 Preferred Units and all past
distribution periods with respect to such Parity Units, except to the extent
that distributions on the Series B-2 Restricted Preferred Units are not then
able to be paid owing to a lack of funds in the Nongovernmental Account, and (b)
sufficient funds shall have been paid or set apart for the payment of the
distribution for the current Distribution Period with respect to the Series D-6
Preferred Units and any Parity Units, except to the extent that distributions on
the Series B-2 Restricted Preferred Units are not then able to be paid owing to
a lack of funds in the Nongovernmental Account.
C. Liquidation Preference. (i) In the event of any
liquidation, dissolution or winding up of the Partnership or the General
Partner, whether voluntary or involuntary, before any payment or distribution of
the assets of the Partnership shall be made to or set apart for the holders of
Junior Units, the holders of the Series D-6 Preferred Units shall be entitled to
receive an amount equal to the holder's Capital Account in respect of those
Series D-6 Preferred Units; but the holders of Series D-6 Preferred Units shall
not be entitled to any further payment. If, upon any such liquidation,
dissolution or winding up of the Partnership or the General Partner, the assets
of the Partnership, or proceeds thereof, distributable to the holders of Series
D-6 Preferred Units, shall be insufficient to pay in full the preferential
amount aforesaid and liquidating payments on any other Parity Units, then such
assets, or the proceeds thereof, shall be distributed among the holders of such
Series D-6 Preferred Units and the holders of any such other Parity Units
ratably in accordance with the respective amounts that would be payable on such
Series D-6 Preferred Units and any such other Parity Units if all amounts
payable thereon were paid in full. For the purposes of this Section 2.C, (i) a
consolidation or merger of the Partnership or the General Partner with one or
more entities, (ii) a statutory share exchange by the Partnership or the General
Partner and (iii) a sale or transfer of all or substantially all of the
Partnership's or the General Partner's assets, shall not be deemed to be a
liquidation, dissolution or winding up, voluntary or involuntary, of the General
Partner.
(ii) Subject to the rights of the holders of Partnership Units
of any series or class or classes of shares ranking on a parity with or prior to
the Series D-6 Preferred Units upon any liquidation, dissolution or winding up
of the General Partner or the Partnership, after payment shall have been made in
full to the holders of the Series D-6 Preferred Units, as provided in this
Section, any series or class or classes of Junior Units
-5-
<PAGE> 10
shall, subject to any respective terms and provisions applying thereto, be
entitled to receive any and all assets remaining to be paid or distributed, and
the holder of the Series D-6 Preferred Units shall not be entitled to share
therein.
D. The Partnership's Right to Redeem the Series D-6 Preferred
Units. (i) Except in connection with the redemption of the Series D-6 Preferred
Shares by the General Partner as permitted by Article VI of the Declaration of
Trust or as set forth in Section E below, the Series D-6 Preferred Units shall
not be redeemable prior to May 1, 2005. On and after May 1, 2005, the General
Partner may, at its option, cause the Partnership to redeem the Series D-6
Preferred Units in whole or in part, as set forth herein, subject to the
provisions described below, at a redemption price, payable in cash, in an amount
equal to $25 per unit for the Series D-6 Preferred Units being redeemed. Upon
any such redemption, the Partnership shall also pay any accumulated and unpaid
distributions owing in respect of the Series D-6 Preferred Units being redeemed.
(ii) Such Series D-6 Preferred Units as are not held by the
General Partner may be redeemed by the Partnership on or after May 1, 2005, in
whole or in part, at any time or from time to time, upon not less than 30 nor
more than 60 days' written notice. If fewer than all of the outstanding Series
D-6 Preferred Units that are not held by the General Partner are to be redeemed,
the Series D-6 Preferred Units to be redeemed from each holder (other than the
General Partner) shall be selected pro rata (as nearly as practicable without
creating fractional units). Any notice of redemption delivered pursuant to this
Section D(ii) will be (i) faxed and (ii) mailed by the Partnership, by certified
mail, postage prepaid, not less than 30 nor more than 60 days prior to the date
upon which such redemption is to occur (the "Third Party Redemption Date"),
addressed to each holder of record of the Series D-6 Preferred Units at their
respective addresses as they appear on the records of the Partnership. No
failure to give or defect in such notice shall affect the validity of the
proceedings for the redemption of any Series D-6 Preferred Units. In addition to
any information required by law, each such notice shall state: (a) the Third
Party Redemption Date, (b) the amount payable per Series D-6 Preferred Unit upon
redemption, including the Redemption Price and any amount payable pursuant to
Section D(iv) hereof, (c) the aggregate number of Series D-6 Preferred Units to
be redeemed and, if fewer than all of the outstanding Series D-6 Preferred Units
are to be redeemed, the number of Series D-6 Preferred Units to be redeemed held
by such holder, which number shall equal such holder's pro rata share (based on
the percentage of the aggregate number of outstanding Series D-6 Preferred Units
not held by the General Partner that the total number of Series D-6 Preferred
Units held by such holder represents and determined as nearly as practicable
without creating fractional interests) of the aggregate number of Series D-6
Preferred Units to be redeemed, (d) the place or places where such Series D-6
Preferred Units are to be surrendered for payment of the amount payable upon
redemption and (e) that payment of such amount will be made upon presentation
and surrender of such Series D-6 Preferred Units. If the Partnership gives a
notice of redemption in respect of Series D-6 Preferred Units pursuant to this
Section D(ii), then, by 12:00 noon,
-6-
<PAGE> 11
New York City time, on the Third Party Redemption Date, the Partnership will
deposit irrevocably in trust for the benefit of the holders of Series D-6
Preferred Units being redeemed funds sufficient to pay the applicable amount
payable with respect to such Series D-6 Preferred Units and will give
irrevocable instructions and authority to pay such amount to the holders of the
Series D-6 Preferred Units upon surrender of the Series D-6 Preferred Units by
such holders at the place designated in the notice of redemption.
(iii) Such Series D-6 Preferred Units as may be held by the
General Partner may be redeemed, in whole or in part, at the option of the
General Partner, at any time, upon payment by the Partnership to the General
Partner of the Redemption Price and any amount payable pursuant to Section D(iv)
hereof with respect to such Series D-6 Preferred Units; provided that the
General Partner shall redeem an equivalent number of Series D-6 Preferred
Shares. Such redemption of Series D-6 Preferred Units shall occur substantially
concurrently with the redemption by the General Partner of such Series D-6
Preferred Shares (such date is herein referred to collectively with the Third
Party Redemption Date as the "Redemption Date").
(iv) Upon any redemption of Series D-6 Preferred Units, the
Partnership shall pay any accumulated and unpaid distributions for any
Distribution Period, or any other period shorter than a full Distribution
Period, ending on or prior to the Redemption Date. On and after the Redemption
Date, distributions will cease to accumulate on the Series D-6 Preferred Units
called for redemption, unless the Partnership defaults in payment therefor. If
any date fixed for redemption of Series D-6 Preferred Units is not a Business
Day, then payment of the redemption price payable on such date will be made on
the next succeeding day that is a Business Day (and without any interest or
other payment in respect of any such delay) except that, if such Business Day
falls in the next calendar year, such payment will be made on the immediately
preceding Business Day, in each case with the same force and effect as if made
on such date fixed for redemption. If payment of the Redemption Price is
improperly withheld or refused and not paid by the Partnership, distributions on
such Series D-6 Preferred Units will continue to accumulate from the original
redemption date to the date of payment, in which case the actual payment date
will be considered the date fixed for redemption for purposes of calculating the
applicable Redemption Price. Except as provided above, the Partnership shall
make no payment or allowance for unpaid distributions, whether or not in
arrears, on Series D-6 Preferred Units called for redemption under this Section
2.D.
(v) If full cumulative distributions on the Series D-6
Preferred Units and any other series or class or classes of Parity Units of the
Partnership have not been paid or declared and set apart for payment, except in
connection with a purchase, redemption or other acquisition of Series D-6
Preferred Shares or shares of beneficial interest ranking on a parity with such
Series D-6 Preferred Shares as permitted under Article VI of the Declaration of
Trust, and except to the extent that such distributions or amounts distributable
on the Series B-2 Restricted Preferred Units may not be payable due to a
-7-
<PAGE> 12
lack of funds in the Nongovernmental Account, the Series D-6 Preferred Units may
not be redeemed in part and the Partnership may not purchase, redeem or
otherwise acquire Series D-6 Preferred Units or any Parity Units other than in
exchange for Junior Units.
As promptly as practicable after the surrender of any such
Series D-6 Preferred Units so redeemed, such Series D-6 Preferred Units shall be
exchanged for the amount of cash (without interest thereon) payable therefor
pursuant to Section 2.D(i). If fewer than all the Series D-6 Preferred Units
represented by any physical certificate are redeemed, then new certificates
representing the unredeemed Series D-6 Preferred Units shall be issued without
cost to the holder thereof.
(vi) Unless the General Partner elects to assume directly and
satisfy the Series D-6 Redemption Right by paying to the Redeeming Partner
wholly in the form of Series D-6 Preferred Shares as provided for in Section
2.E(ii)(a) below, such part of the redemption price of the Series D-6 Preferred
Units (other than any portion consisting of accumulated and unpaid
distributions) required in Section 2.D(i) above and Sections 2.E(i)(a) and
Section 2.E(ii)(a) below as is payable in cash shall be payable solely with the
proceeds from the sale by the General Partner Entity or the Partnership of other
capital shares of the General Partner Entity or the Partnership (whether or not
such sale occurs concurrently with such redemption, but in the case of a
redemption required by Section 2.E below such sale must occur after the delivery
of the applicable Series D-6 Notice of Redemption). For purposes of the
preceding sentence, "capital shares" means any common shares, preferred shares,
depositary shares, partnership or other interests, participations or other
ownership interests (however designated) and any rights (other than debt
securities convertible into or exchangeable for equity securities) or options to
purchase any of the foregoing of or in the General Partner Entity or the
Partnership.
E. Series D-6 Preferred Unit Holder Redemption Right.
(i) General. (a) Subject to paragraphs (ii) and (iii) below,
on or after the Series D-6 Effective Date, the holder of the Series D-6
Preferred Units shall have the right (the "Series D-6 Redemption Right") to
require the Partnership to redeem such Series D-6 Preferred Units on a Series
D-6 Specified Redemption Date in cash at a redemption price equal to $25 per
unit for the Series D-6 Preferred Units being redeemed. Upon such redemption the
Partnership shall also pay any accumulated and unpaid distributions for the
Series D-6 Preferred Units being redeemed. Any such Series D-6 Redemption Right
shall be exercised pursuant to notice of redemption comparable to the Notice of
Redemption required under Section 8.6 of the Agreement (a "Series D-6 Notice of
Redemption") delivered to the Partnership (with a copy to the General Partner)
by the Limited Partner who is exercising the Series D-6 Redemption Right (the
"Series D-6 Redeeming Partner"). Except in the event of the occurrence of the
circumstance described in clause (z) of the definition of "Series D-6 Effective
Date", the holder(s) of the Series D-6 Preferred Units may only exercise the
Series D-6 Redemption Right in
-8-
<PAGE> 13
respect of all Series D-6 Preferred Units issued and outstanding on the date of
the applicable Series D-6 Redemption Notice. In addition, any redemption
pursuant to the Series D-6 Redemption Right shall be subject to all of the
provisions of the Agreement governing redemptions under Section 8.6 of the
Agreement as if it were a redemption under that section, except as otherwise
provided herein.
(b) The Series D-6 Redeeming Partner shall have no right with
respect to any Series D-6 Preferred Units so redeemed to receive any
distributions paid after the Series D-6 Specified Redemption Date. If the record
date for such distribution was a date prior to the Series D-6 Specified
Redemption Date and the Distribution Payment Date in respect of such
distribution was a date after the Series D-6 Specified Redemption Date, such
Series D-6 Redeeming Partner shall be required, as a condition of the redemption
of such Series D-6 Preferred Units, to pay the amount of such distribution to
the Partnership (if such Series D-6 Preferred Units are redeemed for cash) or to
the General Partner (if such Series D-6 Preferred Units are redeemed for Series
D-6 Preferred Shares).
(c) The Assignee of any Limited Partner may exercise the rights
of such Limited Partner pursuant to this Section 2.E, and such Limited Partner
shall be deemed to have assigned such rights to such Assignee and shall be bound
by the exercise of such rights by such Limited Partner's Assignee. In connection
with any exercise of the such rights by such Assignee on behalf of such Limited
Partner, the redemption price and any accumulated and unpaid distributions shall
be paid by the Partnership directly to such Assignee and not to such Limited
Partner.
(ii) General Partner Assumption of Right. (a) If the holder of
the Series D-6 Preferred Units has delivered a Series D-6 Notice of Redemption,
the General Partner may, in its sole and absolute discretion (subject to any
limitations on ownership and transfer of Shares set forth in the Declaration of
Trust), elect to assume directly and satisfy the Series D-6 Redemption Right by
paying to the Redeeming Partner either (x) the redemption price required in
Section 2.E(i)(a) above plus any accumulated and unpaid distributions on the
Series D-6 Preferred Units being redeemed or (y) in the form of Series D-6
Preferred Shares in the Trust, as set forth in paragraph (b) below. Unless the
General Partner, in its sole and absolute discretion, shall exercise its right
to assume directly and satisfy the Series D-6 Redemption Right, the General
Partner shall not have any obligation to the Redeeming Partner or to the
Partnership with respect to the Redeeming Partner's exercise of the Series D-6
Redemption Right. In the event the General Partner shall exercise its right to
satisfy the Series D-6 Redemption Right in the manner described in the first
sentence of this paragraph (ii) and shall fully perform its obligations in
connection therewith, the Partnership shall have no right or obligation to pay
any amount to the Redeeming Partner with respect to such Redeeming Partner's
exercise of the Series D-6 Redemption Right, and each of the Redeeming Partner,
the Partnership and the General Partner shall, for federal income tax purposes,
treat the transaction between the General Partner and the Redeeming Partner as a
sale of the
-9-
<PAGE> 14
Redeeming Partner's Partnership Units to the General Partner. Nothing contained
in this paragraph (ii) shall imply any right of the General Partner to require
any holder of Series D-6 Preferred Units to exercise the Series D-6 Redemption
Right afforded pursuant to paragraph (i) above.
(b) In the event that the General Partner determines to pay
the Redeeming Partner in the form of Series D-6 Preferred Shares, the General
Partner shall issue to the Series D-6 Redeeming Partner one Series D-6 Preferred
Share for each Series D-6 Preferred Unit being redeemed (subject to modification
as set forth in paragraph (c) below), whereupon the General Partner shall
acquire the Series D-6 Preferred Units offered for redemption by the Series D-6
Redeeming Partner and shall be treated for all purposes of the Agreement as the
owner of such Series D-6 Preferred Units. Any accumulated and unpaid
distributions on such Series D-6 Preferred Units to the date of such redemption
shall also be deemed to have accumulated on the Series D-6 Preferred Shares paid
to the Series D-6 Redeeming Partner in consideration of such Series D-6
Preferred Units at the time of the issuance of such Series D-6 Preferred Shares.
(c) In the event that there shall be outstanding at any time
both Series D-6 Preferred Shares and Series D-6 Preferred Units and the General
Partner shall be a party to any transaction (including, without limitation, a
merger, consolidation or statutory share exchange with respect to the Series D-6
Preferred Shares), in each case as a result of which the Series D-6 Preferred
Shares are converted into the right to receive shares of capital stock, other
securities or other property (including cash or any combination thereof),
thereafter the redemption price payable by the General Partner in respect of one
Series D-6 Preferred Unit shall be the kind and amount of shares of capital
stock and other securities and property (including cash or any combination
thereof) that was received upon consummation of such transaction in return for
one Series D-6 Preferred Share; and the General Partner may not become a party
to any such transaction unless the terms thereof are consistent with the
foregoing. In case there shall be outstanding Series D-6 Preferred Units and no
Series D-6 Preferred Shares and the General Partner shall be a party to any
merger or consolidation in which the General Partner is not the surviving
entity, then the Series D-6 Preferred Shares deliverable by the General Partner
thereafter in redemption of Series D-6 Preferred Units pursuant to clause (ii)
above shall be shares of the surviving entity or any entity controlling the
surviving entity having the preferences, rights, voting powers, restrictions,
limitations as to dividends, qualifications and terms and conditions of
redemption substantially similar to those set forth on Schedule 1 to this
Exhibit S.
(d) Each Redeeming Partner agrees to execute such documents as
the General Partner may reasonably require in connection with the issuance of
Series D-6 Preferred Shares upon exercise of the Series D-6 Redemption Right.
-10-
<PAGE> 15
(iii) Exceptions to Exercise of Redemption Right.
Notwithstanding the provisions of paragraphs (i) and (ii) above, a Partner shall
not be entitled to exercise the Series D-6 Redemption Right if (but only as long
as) the delivery of Series D-6 Preferred Shares to such Partner on the Series
D-6 Specified Redemption Date (a) would be prohibited under the Declaration of
Trust, or (b) as long as the Common Shares or any previously issued Series D-6
Preferred Shares are Publicly Traded, would be prohibited under applicable
federal or state securities laws or regulations (assuming the General Partner
would in fact assume and satisfy the Series D-6 Redemption Right).
(iv) No Liens on Partnership Units Delivered for Redemption.
Each Limited Partner covenants and agrees with the General Partner that all
Series D-6 Preferred Units delivered for redemption shall be delivered to the
Partnership or the General Partner, as the case may be, free and clear of all
liens, and, notwithstanding anything contained herein to the contrary, neither
the General Partner nor the Partnership shall be under any obligation to acquire
Series D-6 Preferred Units which are or may be subject to any liens. Each
Limited Partner further agrees that, in the event any state or local property
transfer tax is payable as a result of the transfer of its Series D-6 Preferred
Units to the Partnership or the General Partner, such Limited Partner shall
assume and pay such transfer tax.
F. Ranking. (i) Any class or series of Partnership
Units shall be deemed to rank:
(a) prior to the Series D-6 Preferred Units, as to the payment
of distributions and as to distribution of assets upon liquidation, dissolution
or winding up of the General Partner or the Partnership, if the holders of such
class or series of Partnership Units shall be entitled to the receipt of
distributions or of amounts distributable upon liquidation, dissolution or
winding up, as the case may be, in preference or priority to the holders of
Series D-6 Preferred Units;
(b) on a parity with the Series D-6 Preferred Units, as to the
payment of distributions and as to the distribution of assets upon liquidation,
dissolution or winding up of the General Partner or the Partnership, whether or
not the distribution rates, distribution payment dates or redemption or
liquidation prices per Partnership Unit be different from those of the Series
D-6 Preferred Units, if the holders of such Partnership Units of such class or
series and the Series D-6 Preferred Units shall be entitled to the receipt of
distributions and of amounts distributable upon liquidation, dissolution or
winding up in proportion to their respective amounts of accumulated and unpaid
distributions per Partnership Unit or liquidation preferences, without
preference or priority one over the other, except to the extent that such
distributions or amounts distributable on the Series B-2 Restricted Preferred
Units may not be payable due to a lack of funds in the Nongovernmental Account
("Parity Units"); or
-11-
<PAGE> 16
(c) junior to the Series D-6 Preferred Units, as to the
payment of distributions or as to the distribution of assets upon liquidation,
dissolution or winding up of the General Partner or the Partnership, if such
class or series of Partnership Units shall be Common Partnership Units or if the
General Partner, in its capacity as the holder of Series D-6 Preferred Units,
shall be entitled to receipt of distributions or of amounts distributable upon
liquidation, dissolution or winding up, as the case may be, in preference or
priority to the holders of Partnership Units of such class or series, and such
class or series of Partnership Units shall not in either case rank prior to the
Series D-6 Preferred Units ("Junior Units").
(ii) The Series A Preferred Units, Series B Pass-Through
Preferred Units, Series C Pass-Through Preferred Units, Series D-1 Preferred
Units, Series D-2 Preferred Units, Series D-3 Preferred Units, Series D-4
Preferred Units and Series D-5 Preferred Units shall be Parity Units with
respect to the Series D-6 Preferred Units and the holders of the Series D-6
Preferred Units and Series A Preferred Units, Series B Pass-Through Preferred
Units, Series C Pass-Through Preferred Units, Series D-1 Preferred Units, Series
D-2 Preferred Units, Series D-3 Preferred Units, Series D-4 Preferred Units and
Series D-5 Preferred Units shall be entitled to the receipt of distributions and
of amounts distributable upon liquidation, dissolution or winding up in
proportion to their respective amounts of accumulated and unpaid distributions
per Partnership Unit or liquidation preferences, without preference or priority
one over the other, except in the case of distributions on the Series B-2
Restricted Preferred Units to the extent not payable due to a lack of funds in
the Nongovernmental Account and except that:
(a) For so long as the Class D Units are outstanding, the
Series D-6 Preferred Units shall not rank senior to the Class D Units as to
preferential distributions or redemption or voting rights. For so long as the
Class D Units are outstanding, the Series D-6 Preferred Units shall receive: (i)
accumulated and unpaid distributions pari passu with distributions made to the
holders of any outstanding Class D Units pursuant to Subsection 5.1.B(ii) of the
Agreement and (ii) other distributions pari passu with distributions made to the
holders of any outstanding Class D Units pursuant to Subsection 5.1.B(iii) of
the Agreement.
(b) When the Class D Units are no longer outstanding, the
Series D-6 Preferred Units shall be Preference Units and shall receive
distributions pari passu with other Partnership Units, if any, receiving
distributions pursuant to Section 5.1.B(i), except to the extent that
distributions on the Series B-2 Restricted Preferred Units may not be paid due
to a lack of funds in the Nongovernmental Account.
(c) Distributions made pursuant to Subsections F(ii)(a) and
F(ii)(b) of this Exhibit S shall be made pro rata with other distributions made
to other Partnership Units as to which they rank pari passu based on the ratio
of the amounts to be paid the Series D-6 Preferred Units and such other
Partnership Units, as applicable, to the total amounts
-12-
<PAGE> 17
to be paid in respect of the Series D-6 Preferred Units and such other
Partnership Units taken together on the Partnership Record Date, except in the
case of distributions on the Series B-2 Restricted Preferred Units to the extent
such distributions may not be paid due to a lack of funds in the Nongovernmental
Account.
(iii) For purposes of allocations of items made pursuant to
Article VI of the Agreement:
(a) As long as the Class D Units are outstanding, the Series
D-6 Preferred Units shall be allocated items pari passu with the allocation of
items to the holders of Class D Units in respect of their priority payments
(i.e., as allocated in Section 6.1.A (iii) and (vi) and Section 6.1.B (viii) and
(ix) of the Agreement) and shall share in those allocations in a pro rata manner
based on the distributions and allocations of items, as applicable, made to such
Partnership Units, as applicable; references to Class D Units in Article VI of
the Agreement shall be deemed to also refer to Series D-6 Preferred Units except
that references to distributions made to the Class D Units shall be deemed to
refer to distributions made to the Series D-6 Preferred Units in a pro rata
manner with such distributions made to the Class D Units.
(b) When the Class D Units are no longer outstanding, the
Series D-6 Preferred Units shall be Preference Units and shall be allocated
items pari passu with the allocation of items to holders of Preference Units
(i.e., as allocated in Section 6.1.A (ii) and Section 6.1.B (x) of the
Agreement) and shall share in those allocations in a pro rata manner based on
the distributions and allocations of items, as applicable, made to Preference
Units, as applicable; references to Preference Units in Article VI of the
Agreement shall be deemed to also refer to Series D-6 Preferred Units except
that references to distributions made to Preference Units shall be deemed to
refer to distributions made to the Series D-6 Preferred Units in a pro rata
manner with such distributions, if any, made to the Preference Units.
G. Voting. (i) Except as provided in this Section G
or as required by law, the holders of the Series D-6 Preferred Units shall not
be entitled to vote at any meeting of the Partners or for any other purpose or
otherwise to participate in any action taken by the Partnership or the Partners,
or to receive notice of any meeting of the Partners.
(ii) So long as any Series D-6 Preferred Units are
outstanding, the General Partner shall not authorize the creation of or cause
the Partnership to issue Partnership Units of any class or series or any
interest in the Partnership convertible into or exchangeable for Partnership
Units of any class or series ranking prior to the Series D-6 Preferred Units in
the distribution of assets on any liquidation, dissolution or winding up of the
General Partner or the Partnership or in the payment of distributions, or
reclassify any Partnership Units of the Partnership into any such senior
Partnership Units;
-13-
<PAGE> 18
provided that so long as any Class D Units are outstanding, such senior
Partnership Units may be issued to the General Partner if the distribution and
redemption (but not voting) rights of such senior Partnership Units are
substantially similar to the terms of securities issued by the General Partner
and the proceeds or other consideration from the issuance of such securities
have been or are concurrently with such issuance contributed to the Partnership.
(iii) So long as any Series D-6 Preferred Units are
outstanding, in addition to any other vote or consent of unit holders required
by the Agreement of Limited Partnership or of shareholders required by the
Declaration of Trust, the affirmative vote of at least a majority of the votes
entitled to be cast by the holders of Series D-6 Preferred Units at the time
outstanding given in person or by proxy, either in writing without a meeting or
by vote at any meeting called for the purpose, shall be necessary for effecting
or validating (a) any amendment, alteration or repeal of any of the provisions
of the Declaration of Trust that materially and adversely affects the voting
powers, rights or preferences of the D-6 Preferred Shares; provided, however,
that the amendment of the provisions of the Declaration of Trust so as to
authorize or create or to increase the authorized amount of, any Junior Shares
with respect to the Series D-6 Preferred Shares or any units of any class or
series ranking on a parity with the Series D-6 Preferred Shares shall not be
deemed to materially and adversely affect the voting powers, rights or
preferences of the holders of Series D-6 Preferred Shares or (b) the
authorization or creation of, or the increase in the authorized or issued amount
of, any shares of any class or series or any security, convertible into or
exchangeable for shares of any class or series ranking prior to the Series D-6
Preferred Shares in the distribution of assets on any liquidation, dissolution
or winding up of the General Partner or in the payment of dividends or
distribution; provided, however, that, in the case of each of subparagraphs (a)
and (b), no such vote of the holders of Series D-6 Preferred Units shall be
required if, at or prior to the time when such amendment, alteration or repeal
is to take effect, or when the issuance of any such prior shares or convertible
security is to be made, provision is made for the redemption of all Series D-6
Preferred Units at the time outstanding in accordance with the provisions
hereof.
H. General. (i) At such time, if any, as the General Partner
becomes a holder of Series D-6 Preferred Units, the rights of the General
Partner, in its capacity as the holder of the Series D-6 Preferred Units, will
be in addition to and not in limitation on any other rights or authority of the
General Partner, in any other capacity, under the Agreement. In addition,
nothing contained in this Exhibit S shall be deemed to limit or otherwise
restrict any rights or authority of the General Partner under the Agreement,
other than in its capacity as the holder of Series D-6 Preferred Units.
(ii) Anything herein contained to the contrary
notwithstanding, the General Partner shall take all steps that it determines are
necessary or appropriate (including modifying the foregoing terms of the Series
D-6 Preferred Units) to ensure that
-14-
<PAGE> 19
the Series D-6 Preferred Units (including, without limitation the redemption and
conversion terms thereof) permit the General Partner to satisfy its obligations
with respect to the Series D-6 Preferred Shares, if and when any such shares are
issued, it being the intention that, except to the extent provided in Schedule 1
to this Exhibit S, the terms of the Series D-6 Preferred Shares will be
substantially similar to the terms of the Series D-6 Preferred Units.
-15-
<PAGE> 20
EXHIBIT A (5/4/00) - D-6 Preferred Units
VORNADO REALTY L.P.
PARTNERS AND PARTNERSHIP INTERESTS
<TABLE>
<CAPTION>
$51.39
Class of Units
-----------------------------------------------------------------
Series A Value Percentage Series B
Partner Preferred of of Preferred
# Shares Series A Series A Shares
- ---------------------------------------------------------- -------------------------------------------------- -------------
<S> <C> <C> <C> <C>
2 VORNADO REALTY TRUST 5,789,239 $297,508,992 100.0000% 3,400,000
Vornado Realty Trust
Vornado Finance Corp
Vornado Investment Corporation
40 East 14 Realty Associates
General Partnership
825 Seventh Avenue Holding Corporation
Menands Holdings Corporation
Two Guys From Harrison, N.Y., Inc.
188 Washington Design Center, L.L.C.
213 Fourth & D Street Partners LP
189 Merchandise Mart Owners, L.L.C.
203 H2K L.L.C. (Merchandise Mart
Enterprises, L.L.C.)
200 World Trade Center Chicago, L.L.C.
SALOMON SMITH BARNEY TAX ADVANTAGED
EXCHANGE FUND III, LLC
192 Greene Street 1998 Exchange Fund L.P.
242 Commonwealth Atlantic Properties Inc.
243 Commonwealth Atlantic - Crystal City OP
Holding Inc.
1000 GS-MSD Select Sponsors, L.P.
240 Goldman Sachs 1999 Exchange Place Fund, LP
241 TMCT II, LLC
239 Meadowbrook Equity Fund II, LLC.
197 Jacob H Froelich, Jr.
194 S.D. Phillips
196 George W Lyles
199 Canoe House Partners, LLC
193 Roaring Gap Limited Partnership
195 Phillips Property Company, LLC
252-990 Newkirk Partners (See attached schedule)
106 The Mendik Partnership, L.P.
1001 Mendik Holdings L.L.C.
40 FW / Mendik REIT, L.L.C.
107 Mendik RELP Corp.
251 2750 Associates Limited Partnership
6 Abrams, Trust U/W/O Ralph
214 ACI Associates
7 Adler, Robert
215 Allen & Company Incorporated
216 Allen, C. Robert III
8 Alpert, Vicki
9 Ambassador Construction Company, Inc.
10 Aschendorf- Shasha, Ellen
11 Ash, Herbert
171 Aubert, Lysa
13 Barr, Thomas
12 Barkin, Leonard
173 Batkin, Nancy 1998 Trust u/a/d 5/11/98
17 Berenson, David
18 Berenson, Joan
19 Berenson, Richard
20 Berenson, Robert
174 Berger, Alice C.
21 Bianculli, Louis
22 Bierman, Jacquin
23 Blumenthal, Joel Marie
24 Braverman, Madlyn
190 Bonk, Chris
217 Burack, Daniel A.
26 Carb, Sally
244 Carney, Margaret R.
28 Chambers, Robert
25 CHO Enterprises
218 Damson, Barrie
30 Dembner, Shirley
29 Dembner, Shirley UGMA for Lindsey Dembner
31 Doner, Max
32 Downey, Michael
33 Dryfoos, Jacqueline
34 Dubrowski, Raymond
219 Elson, Edward E.
35 Evans, Ben
36 Field, Walter L.
70 Jesse Fierstein & Co.
38 Fischer, Alan A.
39 Freedman, Robert
41 Gershon, Estate of Murray
</TABLE>
<TABLE>
<CAPTION>
$25.00 $25.00
Class of Units
----------------------------------------------------------------
Value Percentage Series C Value
Partner of of Preferred of
# Series B Series B Shares Series C
- -------------------------------------------------------- ------------------------------- -------------------------------
<S> <C> <C> <C> <C>
2 VORNADO REALTY TRUST $85,000,000 100.0000% 4,600,000 $115,000,000.00
Vornado Realty Trust
Vornado Finance Corp
Vornado Investment Corporation
40 East 14 Realty Associates
General Partnership
825 Seventh Avenue Holding Corporation
Menands Holdings Corporation
Two Guys From Harrison, N.Y., Inc.
188 Washington Design Center, L.L.C.
213 Fourth & D Street Partners LP
189 Merchandise Mart Owners, L.L.C.
203 H2K L.L.C. (Merchandise Mart
Enterprises, L.L.C.)
200 World Trade Center Chicago, L.L.C.
SALOMON SMITH BARNEY TAX ADVANTAGED
EXCHANGE FUND III, LLC
192 Greene Street 1998 Exchange Fund L.P.
242 Commonwealth Atlantic Properties Inc.
243 Commonwealth Atlantic - Crystal City OP
Holding Inc.
1000 GS-MSD Select Sponsors, L.P.
240 Goldman Sachs 1999 Exchange Place Fund, LP
241 TMCT II, LLC
239 Meadowbrook Equity Fund II, LLC.
197 Jacob H Froelich, Jr.
194 S.D. Phillips
196 George W Lyles
199 Canoe House Partners, LLC
193 Roaring Gap Limited Partnership
195 Phillips Property Company, LLC
252-990 Newkirk Partners (See attached schedule)
106 The Mendik Partnership, L.P.
1001 Mendik Holdings L.L.C.
40 FW / Mendik REIT, L.L.C. (2)
107 Mendik RELP Corp.
251 2750 Associates Limited Partnership
6 Abrams, Trust U/W/O Ralph
214 ACI Associates
7 Adler, Robert
215 Allen & Company Incorporated
216 Allen, C. Robert III
8 Alpert, Vicki
9 Ambassador Construction Company, Inc.
10 Aschendorf- Shasha, Ellen
11 Ash, Herbert
171 Aubert, Lysa
13 Barr, Thomas
12 Barkin, Leonard
173 Batkin, Nancy 1998 Trust u/a/d 5/11/98
17 Berenson, David
18 Berenson, Joan
19 Berenson, Richard
20 Berenson, Robert
174 Berger, Alice C.
21 Bianculli, Louis
22 Bierman, Jacquin
23 Blumenthal, Joel Marie
24 Braverman, Madlyn
190 Bonk, Chris
217 Burack, Daniel A.
26 Carb, Sally
244 Carney, Margaret R.
28 Chambers, Robert
25 CHO Enterprises
218 Damson, Barrie
30 Dembner, Shirley
29 Dembner, Shirley UGMA for Lindsey Dembner
31 Doner, Max
32 Downey, Michael
33 Dryfoos, Jacqueline
34 Dubrowski, Raymond
219 Elson, Edward E.
35 Evans, Ben
36 Field, Walter L.
70 Jesse Fierstein & Co.
38 Fischer, Alan A.
39 Freedman, Robert
41 Gershon, Estate of Murray
</TABLE>
<TABLE>
<CAPTION>
$50.00
Class of Units
-----------------------------------------------------------------------
Percentage Series B-1 Value Percentage Series B-2
Partner of Preferred of of Preferred
# Series C Units Series B-1 Series B-1 Units
- ---------------------------------------------------------- ------------ ------------------------------------------- ------------
<S> <C> <C> <C> <C> <C>
2 VORNADO REALTY TRUST 100.0000%
Vornado Realty Trust
Vornado Finance Corp
Vornado Investment Corporation
40 East 14 Realty Associates
General Partnership
825 Seventh Avenue Holding Corporation
Menands Holdings Corporation
Two Guys From Harrison, N.Y., Inc.
188 Washington Design Center, L.L.C. 200,000 $10,000,000 22.23% 100,000
213 Fourth & D Street Partners LP
189 Merchandise Mart Owners, L.L.C. 699,566 $34,978,300 77.77% 349,783
203 H2K L.L.C. (Merchandise Mart
Enterprises, L.L.C.)
200 World Trade Center Chicago, L.L.C.
SALOMON SMITH BARNEY TAX ADVANTAGED
EXCHANGE FUND III, LLC
192 Greene Street 1998 Exchange Fund L.P.
242 Commonwealth Atlantic Properties Inc.
243 Commonwealth Atlantic - Crystal City OP
Holding Inc.
1000 GS-MSD Select Sponsors, L.P.
240 Goldman Sachs 1999 Exchange Place Fund, LP
241 TMCT II, LLC
239 Meadowbrook Equity Fund II, LLC.
197 Jacob H Froelich, Jr.
194 S.D. Phillips
196 George W Lyles
199 Canoe House Partners, LLC
193 Roaring Gap Limited Partnership
195 Phillips Property Company, LLC
252-990 Newkirk Partners (See attached schedule)
106 The Mendik Partnership, L.P.
1001 Mendik Holdings L.L.C.
40 FW / Mendik REIT, L.L.C. (2)
107 Mendik RELP Corp.
251 2750 Associates Limited Partnership
6 Abrams, Trust U/W/O Ralph
214 ACI Associates
7 Adler, Robert
215 Allen & Company Incorporated
216 Allen, C. Robert III
8 Alpert, Vicki
9 Ambassador Construction Company, Inc.
10 Aschendorf- Shasha, Ellen
11 Ash, Herbert
171 Aubert, Lysa
13 Barr, Thomas
12 Barkin, Leonard
173 Batkin, Nancy 1998 Trust u/a/d 5/11/98
17 Berenson, David
18 Berenson, Joan
19 Berenson, Richard
20 Berenson, Robert
174 Berger, Alice C.
21 Bianculli, Louis
22 Bierman, Jacquin
23 Blumenthal, Joel Marie
24 Braverman, Madlyn
190 Bonk, Chris
217 Burack, Daniel A.
26 Carb, Sally
244 Carney, Margaret R.
28 Chambers, Robert
25 CHO Enterprises
218 Damson, Barrie
30 Dembner, Shirley
29 Dembner, Shirley UGMA for Lindsey Dembner
31 Doner, Max
32 Downey, Michael
33 Dryfoos, Jacqueline
34 Dubrowski, Raymond
219 Elson, Edward E.
35 Evans, Ben
36 Field, Walter L.
70 Jesse Fierstein & Co.
38 Fischer, Alan A.
39 Freedman, Robert
41 Gershon, Estate of Murray
</TABLE>
<TABLE>
<CAPTION>
$25.00
Class of Units
-------------------------------------------------------------------------
Value Percentage Series C-1 Value Percentage
Partner of of Preferred of of
# Series B-2 Series B-2 Units Series C-1 Series C-1
- -------------------------------------------------------- --------------------------- --------------------------------------------
<S> <C> <C> <C> <C> <C>
2 VORNADO REALTY TRUST
Vornado Realty Trust
Vornado Finance Corp
Vornado Investment Corporation
40 East 14 Realty Associates
General Partnership
825 Seventh Avenue Holding Corporation
Menands Holdings Corporation
Two Guys From Harrison, N.Y., Inc.
188 Washington Design Center, L.L.C. $5,000,000 22.23%
213 Fourth & D Street Partners LP
189 Merchandise Mart Owners, L.L.C. $17,489,150 77.77%
203 H2K L.L.C. (Merchandise Mart
Enterprises, L.L.C.)
200 World Trade Center Chicago, L.L.C.
SALOMON SMITH BARNEY TAX ADVANTAGED
EXCHANGE FUND III, LLC
192 Greene Street 1998 Exchange Fund L.P.
242 Commonwealth Atlantic Properties Inc.
243 Commonwealth Atlantic - Crystal City OP
Holding Inc.
1000 GS-MSD Select Sponsors, L.P.
240 Goldman Sachs 1999 Exchange Place Fund, LP
241 TMCT II, LLC
239 Meadowbrook Equity Fund II, LLC.
197 Jacob H Froelich, Jr. 150,067 $7,503,350 20.0648%
194 S.D. Phillips 9,976 $498,800 1.3338%
196 George W Lyles 70,044 $3,502,200 9.3653%
199 Canoe House Partners, LLC 200,090 $10,004,500 26.7531%
193 Roaring Gap Limited Partnership 290,158 $14,507,900 38.7957%
195 Phillips Property Company, LLC 27,577 $1,378,850 3.6872%
252-990 Newkirk Partners (See attached schedule)
106 The Mendik Partnership, L.P.
1001 Mendik Holdings L.L.C.
40 FW / Mendik REIT, L.L.C. (2)
107 Mendik RELP Corp.
251 2750 Associates Limited Partnership
6 Abrams, Trust U/W/O Ralph
214 ACI Associates
7 Adler, Robert
215 Allen & Company Incorporated
216 Allen, C. Robert III
8 Alpert, Vicki
9 Ambassador Construction Company, Inc.
10 Aschendorf- Shasha, Ellen
11 Ash, Herbert
171 Aubert, Lysa
13 Barr, Thomas
12 Barkin, Leonard
173 Batkin, Nancy 1998 Trust u/a/d 5/11/98
17 Berenson, David
18 Berenson, Joan
19 Berenson, Richard
20 Berenson, Robert
174 Berger, Alice C.
21 Bianculli, Louis
22 Bierman, Jacquin
23 Blumenthal, Joel Marie
24 Braverman, Madlyn
190 Bonk, Chris
217 Burack, Daniel A.
26 Carb, Sally
244 Carney, Margaret R.
28 Chambers, Robert
25 CHO Enterprises
218 Damson, Barrie
30 Dembner, Shirley
29 Dembner, Shirley UGMA for Lindsey Dembner
31 Doner, Max
32 Downey, Michael
33 Dryfoos, Jacqueline
34 Dubrowski, Raymond
219 Elson, Edward E.
35 Evans, Ben
36 Field, Walter L.
70 Jesse Fierstein & Co.
38 Fischer, Alan A.
39 Freedman, Robert
41 Gershon, Estate of Murray
</TABLE>
<TABLE>
<CAPTION>
$25.00 $50.00
Class of Units
-----------------------------------------------------------------------------
Series D-1 Value Percentage Series D-2 Value Percentage
Partner Preferred of of Preferred of of
# Units Series D-1 Series D-1 Units Series D-2 Series D-2
- -------------------------------------------------- -------------------------------------- ------------- -------------------------
<S> <C> <C> <C> <C> <C> <C>
2 VORNADO REALTY TRUST
Vornado Realty Trust
Vornado Finance Corp
Vornado Investment Corporation
40 East 14 Realty Associates
General Partnership
825 Seventh Avenue Holding Corporation
Menands Holdings Corporation
Two Guys From Harrison, N.Y., Inc.
188 Washington Design Center, L.L.C.
213 Fourth & D Street Partners LP
189 Merchandise Mart Owners, L.L.C.
203 H2K L.L.C. (Merchandise Mart
Enterprises, L.L.C.)
200 World Trade Center Chicago, L.L.C.
SALOMON SMITH BARNEY TAX ADVANTAGED
EXCHANGE FUND III, LLC
192 Greene Street 1998 Exchange Fund L.P. 3,500,000 87,500,000 100.00%
242 Commonwealth Atlantic Properties Inc.
243 Commonwealth Atlantic - Crystal City OP
Holding Inc.
1000 GS-MSD Select Sponsors, L.P.
240 Goldman Sachs 1999 Exchange Place Fund, LP
241 TMCT II, LLC
239 Meadowbrook Equity Fund II, LLC. 549,336 27,466,800 100.00%
197 Jacob H Froelich, Jr.
194 S.D. Phillips
196 George W Lyles
199 Canoe House Partners, LLC
193 Roaring Gap Limited Partnership
195 Phillips Property Company, LLC
252-990 Newkirk Partners (See attached schedule)
106 The Mendik Partnership, L.P.
1001 Mendik Holdings L.L.C.
40 FW / Mendik REIT, L.L.C. (2)
107 Mendik RELP Corp.
251 2750 Associates Limited Partnership
6 Abrams, Trust U/W/O Ralph
214 ACI Associates
7 Adler, Robert
215 Allen & Company Incorporated
216 Allen, C. Robert III
8 Alpert, Vicki
9 Ambassador Construction Company, Inc.
10 Aschendorf- Shasha, Ellen
11 Ash, Herbert
171 Aubert, Lysa
13 Barr, Thomas
12 Barkin, Leonard
173 Batkin, Nancy 1998 Trust u/a/d 5/11/98
17 Berenson, David
18 Berenson, Joan
19 Berenson, Richard
20 Berenson, Robert
174 Berger, Alice C.
21 Bianculli, Louis
22 Bierman, Jacquin
23 Blumenthal, Joel Marie
24 Braverman, Madlyn
190 Bonk, Chris
217 Burack, Daniel A.
26 Carb, Sally
244 Carney, Margaret R.
28 Chambers, Robert
25 CHO Enterprises
218 Damson, Barrie
30 Dembner, Shirley
29 Dembner, Shirley UGMA for Lindsey Dembner
31 Doner, Max
32 Downey, Michael
33 Dryfoos, Jacqueline
34 Dubrowski, Raymond
219 Elson, Edward E.
35 Evans, Ben
36 Field, Walter L.
70 Jesse Fierstein & Co.
38 Fischer, Alan A.
39 Freedman, Robert
41 Gershon, Estate of Murray
</TABLE>
<PAGE> 21
<TABLE>
<CAPTION>
$51.39
Class of Units
-----------------------------------------------------------------
Series A Value Percentage Series B
Partner Preferred of of Preferred
# Shares Series A Series A Shares
- -------------------------------------------------------------- ------------------------------------------------- --------------
<S> <C> <C> <C> <C>
42 Getz, Howard
43 Getz, Sandra
44 Getz, Sandra & Howard
46 Gold, Frederica
176 Ginsberg, Adele
47 Goldberg, Clarence
49 Goldring, Stanley
50 Goldschmidt, Beatrice
52 Goldschmidt, Charles
53 Goldschmidt, Edward
54 Goldschmidt, Lawrence
177 Goldschmidt, Peter
178 Goldschmidt, Richard
220 Gordon, Melvin
55 Gorfinkle, Alaine
56 Gorfinkle, Lawrence
207 Gould Investors, L.P.
58 Green, Bernard
57 Green, Barbara
59 Greif, Goldie
60 Gutenberg, Bernice
48 H L Silbert trustee U/W of H A Goldman
221 Hagler, Philip Trustee Hagler Family
Trust u/a 6/98
62 Harteveldt, Robert L.
179 Hassler, Jane
222 Hauser, Rita F.
64 Hirsch, Phillip J.
63 Hirsch, Judith
65 Hrusha, Alan
66 Hutner, Anne Trust F/B/O
37 Fierstein Co.
69 Jaffe, Elizabeth
71 Jones, Hazel
73 Kaufman, Robert M.
74 Klein, Robin
76 Knight, Laureine
77 Komaroff, Stanley
79 Kosloff, Andrea
78 Kosloff, Andrea UGMA for Adam Kosloff
80 Kosloff, Andrea UGMA for Justin Kosloff
246 Koven, Corey
181 Koven, Esther
223 Kramer, Irwin H & Terry Allen JTWROS
1003 Kramer, Irwin H & Terry Allen tt for the
Terry Allen Kramer Trust
84 Kramer, Saul
85 Kuhn, James D.
86 Kuhn, Leo
88 Kurshan, Herbert
224 Langenmyer Co.
89 Lauder, Leonard
90 Lauder, Ronald
91 Leff, Joseph
92 Leff, Valerie
93 Lefkowitz, Howard
95 Liroff, Harriett
96 Liroff, Richard
98 Loewengart, Irene
99 Lovitz, David
187 M. Westport Associates
225 M-L Three
100 Maayan Partners
247 Magid, Eleanore
226 Mahoney, David J.
227 Mank, Edward H.
101 Marvin, Morton
102 Marvin, Suzanne
103 Maynard, Jean
104 Mazer, David
105 Mazer, Richard
228 McKee, William S.
229 Meister, Robert A.
204 Mendik, Bernard
108 Mendik, Susan
212 Mendik, Susan Trust u/w/o Jean A. Batkin
72 L.C. Migdal & Ellin Kalmus, Trustees of
Murray Silberstein
109 Mil Equities
201 Myers Group III, Inc.
202 Myers Group IV, Inc.
230 Myers, Israel
185 Nevas, Alan
186 Nevas, Leo
111 Novick, Lawrence
112 Oestreich, David A.
113 Oestreich, Joan E.
115 Oppenheimer, Martin J.
116 Oppenheimer, Suzanne
210 Phillips, Jonathan
183 Phillips, Lynn
158 Prentice Revocable Trust, 12/12/75
121 Reichler, Richard
</TABLE>
<TABLE>
<CAPTION>
$25.00 $25.00
Class of Units
-------------------------------------------------------------------
Value Percentage Series C Value
Partner of of Preferred of
# Series B Series B Shares Series C
- -------------------------------------------------------------- ----------------------------- ------------------------------------
<S> <C> <C> <C> <C>
42 Getz, Howard
43 Getz, Sandra
44 Getz, Sandra & Howard
46 Gold, Frederica
176 Ginsberg, Adele
47 Goldberg, Clarence
49 Goldring, Stanley
50 Goldschmidt, Beatrice
52 Goldschmidt, Charles
53 Goldschmidt, Edward
54 Goldschmidt, Lawrence
177 Goldschmidt, Peter
178 Goldschmidt, Richard
220 Gordon, Melvin
55 Gorfinkle, Alaine
56 Gorfinkle, Lawrence
207 Gould Investors, L.P.
58 Green, Bernard
57 Green, Barbara
59 Greif, Goldie
60 Gutenberg, Bernice
48 H L Silbert trustee U/W of H A Goldman
221 Hagler, Philip Trustee Hagler Family
Trust u/a 6/98
62 Harteveldt, Robert L.
179 Hassler, Jane
222 Hauser, Rita F.
64 Hirsch, Phillip J.
63 Hirsch, Judith
65 Hrusha, Alan
66 Hutner, Anne Trust F/B/O
37 Fierstein Co.
69 Jaffe, Elizabeth
71 Jones, Hazel
73 Kaufman, Robert M.
74 Klein, Robin
76 Knight, Laureine
77 Komaroff, Stanley
79 Kosloff, Andrea
78 Kosloff, Andrea UGMA for Adam Kosloff
80 Kosloff, Andrea UGMA for Justin Kosloff
246 Koven, Corey
181 Koven, Esther
223 Kramer, Irwin H & Terry Allen JTWROS
1003 Kramer, Irwin H & Terry Allen tt for the
Terry Allen Kramer Trust
84 Kramer, Saul
85 Kuhn, James D.
86 Kuhn, Leo
88 Kurshan, Herbert
224 Langenmyer Co.
89 Lauder, Leonard
90 Lauder, Ronald
91 Leff, Joseph
92 Leff, Valerie
93 Lefkowitz, Howard
95 Liroff, Harriett
96 Liroff, Richard
98 Loewengart, Irene
99 Lovitz, David
187 M. Westport Associates
225 M-L Three
100 Maayan Partners
247 Magid, Eleanore
226 Mahoney, David J.
227 Mank, Edward H.
101 Marvin, Morton
102 Marvin, Suzanne
103 Maynard, Jean
104 Mazer, David
105 Mazer, Richard
228 McKee, William S.
229 Meister, Robert A.
204 Mendik, Bernard
108 Mendik, Susan
212 Mendik, Susan Trust u/w/o Jean A. Batkin
72 L.C. Migdal & Ellin Kalmus, Trustees of
Murray Silberstein
109 Mil Equities
201 Myers Group III, Inc.
202 Myers Group IV, Inc.
230 Myers, Israel
185 Nevas, Alan
186 Nevas, Leo
111 Novick, Lawrence
112 Oestreich, David A.
113 Oestreich, Joan E.
115 Oppenheimer, Martin J.
116 Oppenheimer, Suzanne
210 Phillips, Jonathan
183 Phillips, Lynn
158 Prentice Revocable Trust, 12/12/75
121 Reichler, Richard
</TABLE>
<TABLE>
<CAPTION>
$50.00
Class of Units
-------------------------------------------------------------------
Percentage Series B-1 Value Percentage
Partner of Preferred of of
# Series C Units Series B-1 Series B-1
- -------------------------------------------------------------- -------------- ---------------------------------------------------
<S> <C> <C> <C> <C>
42 Getz, Howard
43 Getz, Sandra
44 Getz, Sandra & Howard
46 Gold, Frederica
176 Ginsberg, Adele
47 Goldberg, Clarence
49 Goldring, Stanley
50 Goldschmidt, Beatrice
52 Goldschmidt, Charles
53 Goldschmidt, Edward
54 Goldschmidt, Lawrence
177 Goldschmidt, Peter
178 Goldschmidt, Richard
220 Gordon, Melvin
55 Gorfinkle, Alaine
56 Gorfinkle, Lawrence
207 Gould Investors, L.P.
58 Green, Bernard
57 Green, Barbara
59 Greif, Goldie
60 Gutenberg, Bernice
48 H L Silbert trustee U/W of H A Goldman
221 Hagler, Philip Trustee Hagler Family
Trust u/a 6/98
62 Harteveldt, Robert L.
179 Hassler, Jane
222 Hauser, Rita F.
64 Hirsch, Phillip J.
63 Hirsch, Judith
65 Hrusha, Alan
66 Hutner, Anne Trust F/B/O
37 Fierstein Co.
69 Jaffe, Elizabeth
71 Jones, Hazel
73 Kaufman, Robert M.
74 Klein, Robin
76 Knight, Laureine
77 Komaroff, Stanley
79 Kosloff, Andrea
78 Kosloff, Andrea UGMA for Adam Kosloff
80 Kosloff, Andrea UGMA for Justin Kosloff
246 Koven, Corey
181 Koven, Esther
223 Kramer, Irwin H & Terry Allen JTWROS
1003 Kramer, Irwin H & Terry Allen tt for the
Terry Allen Kramer Trust
84 Kramer, Saul
85 Kuhn, James D.
86 Kuhn, Leo
88 Kurshan, Herbert
224 Langenmyer Co.
89 Lauder, Leonard
90 Lauder, Ronald
91 Leff, Joseph
92 Leff, Valerie
93 Lefkowitz, Howard
95 Liroff, Harriett
96 Liroff, Richard
98 Loewengart, Irene
99 Lovitz, David
187 M. Westport Associates
225 M-L Three
100 Maayan Partners
247 Magid, Eleanore
226 Mahoney, David J.
227 Mank, Edward H.
101 Marvin, Morton
102 Marvin, Suzanne
103 Maynard, Jean
104 Mazer, David
105 Mazer, Richard
228 McKee, William S.
229 Meister, Robert A.
204 Mendik, Bernard
108 Mendik, Susan
212 Mendik, Susan Trust u/w/o Jean A. Batkin
72 L.C. Migdal & Ellin Kalmus, Trustees of
Murray Silberstein
109 Mil Equities
201 Myers Group III, Inc.
202 Myers Group IV, Inc.
230 Myers, Israel
185 Nevas, Alan
186 Nevas, Leo
111 Novick, Lawrence
112 Oestreich, David A.
113 Oestreich, Joan E.
115 Oppenheimer, Martin J.
116 Oppenheimer, Suzanne
210 Phillips, Jonathan
183 Phillips, Lynn
158 Prentice Revocable Trust, 12/12/75
121 Reichler, Richard
</TABLE>
<TABLE>
<CAPTION>
Class of Units
-------------------------------------------------------------------
Series B-2 Value Percentage Series C-1
Partner Preferred of of Preferred
# Units Series B-2 Series B-2 Units
- -------------------------------------------------------------- ---------------------------------------------------- -------------
<S> <C> <C> <C> <C>
42 Getz, Howard
43 Getz, Sandra
44 Getz, Sandra & Howard
46 Gold, Frederica
176 Ginsberg, Adele
47 Goldberg, Clarence
49 Goldring, Stanley
50 Goldschmidt, Beatrice
52 Goldschmidt, Charles
53 Goldschmidt, Edward
54 Goldschmidt, Lawrence
177 Goldschmidt, Peter
178 Goldschmidt, Richard
220 Gordon, Melvin
55 Gorfinkle, Alaine
56 Gorfinkle, Lawrence
207 Gould Investors, L.P.
58 Green, Bernard
57 Green, Barbara
59 Greif, Goldie
60 Gutenberg, Bernice
48 H L Silbert trustee U/W of H A Goldman
221 Hagler, Philip Trustee Hagler Family
Trust u/a 6/98
62 Harteveldt, Robert L.
179 Hassler, Jane
222 Hauser, Rita F.
64 Hirsch, Phillip J.
63 Hirsch, Judith
65 Hrusha, Alan
66 Hutner, Anne Trust F/B/O
37 Fierstein Co.
69 Jaffe, Elizabeth
71 Jones, Hazel
73 Kaufman, Robert M.
74 Klein, Robin
76 Knight, Laureine
77 Komaroff, Stanley
79 Kosloff, Andrea
78 Kosloff, Andrea UGMA for Adam Kosloff
80 Kosloff, Andrea UGMA for Justin Kosloff
246 Koven, Corey
181 Koven, Esther
223 Kramer, Irwin H & Terry Allen JTWROS
1003 Kramer, Irwin H & Terry Allen tt for the
Terry Allen Kramer Trust
84 Kramer, Saul
85 Kuhn, James D.
86 Kuhn, Leo
88 Kurshan, Herbert
224 Langenmyer Co.
89 Lauder, Leonard
90 Lauder, Ronald
91 Leff, Joseph
92 Leff, Valerie
93 Lefkowitz, Howard
95 Liroff, Harriett
96 Liroff, Richard
98 Loewengart, Irene
99 Lovitz, David
187 M. Westport Associates
225 M-L Three
100 Maayan Partners
247 Magid, Eleanore
226 Mahoney, David J.
227 Mank, Edward H.
101 Marvin, Morton
102 Marvin, Suzanne
103 Maynard, Jean
104 Mazer, David
105 Mazer, Richard
228 McKee, William S.
229 Meister, Robert A.
204 Mendik, Bernard
108 Mendik, Susan
212 Mendik, Susan Trust u/w/o Jean A. Batkin
72 L.C. Migdal & Ellin Kalmus, Trustees of
Murray Silberstein
109 Mil Equities
201 Myers Group III, Inc.
202 Myers Group IV, Inc.
230 Myers, Israel
185 Nevas, Alan
186 Nevas, Leo
111 Novick, Lawrence
112 Oestreich, David A.
113 Oestreich, Joan E.
115 Oppenheimer, Martin J.
116 Oppenheimer, Suzanne
210 Phillips, Jonathan
183 Phillips, Lynn
158 Prentice Revocable Trust, 12/12/75
121 Reichler, Richard
</TABLE>
<TABLE>
<CAPTION>
$25.00 $25.00
Class of Units
---------------------------------------------------------------------
Value Percentage Series D-1 Value
Partner of of Preferred of
# Series C-1 Series C-1 Units Series D-1
- ------------------------------------------------------------ ---------------------------------- ----------------------------------
<S> <C> <C> <C> <C>
42 Getz, Howard
43 Getz, Sandra
44 Getz, Sandra & Howard
46 Gold, Frederica
176 Ginsberg, Adele
47 Goldberg, Clarence
49 Goldring, Stanley
50 Goldschmidt, Beatrice
52 Goldschmidt, Charles
53 Goldschmidt, Edward
54 Goldschmidt, Lawrence
177 Goldschmidt, Peter
178 Goldschmidt, Richard
220 Gordon, Melvin
55 Gorfinkle, Alaine
56 Gorfinkle, Lawrence
207 Gould Investors, L.P.
58 Green, Bernard
57 Green, Barbara
59 Greif, Goldie
60 Gutenberg, Bernice
48 H L Silbert trustee U/W of H A Goldman
221 Hagler, Philip Trustee Hagler Family
Trust u/a 6/98
62 Harteveldt, Robert L.
179 Hassler, Jane
222 Hauser, Rita F.
64 Hirsch, Phillip J.
63 Hirsch, Judith
65 Hrusha, Alan
66 Hutner, Anne Trust F/B/O
37 Fierstein Co.
69 Jaffe, Elizabeth
71 Jones, Hazel
73 Kaufman, Robert M.
74 Klein, Robin
76 Knight, Laureine
77 Komaroff, Stanley
79 Kosloff, Andrea
78 Kosloff, Andrea UGMA for Adam Kosloff
80 Kosloff, Andrea UGMA for Justin Kosloff
246 Koven, Corey
181 Koven, Esther
223 Kramer, Irwin H & Terry Allen JTWROS
1003 Kramer, Irwin H & Terry Allen tt for the
Terry Allen Kramer Trust
84 Kramer, Saul
85 Kuhn, James D.
86 Kuhn, Leo
88 Kurshan, Herbert
224 Langenmyer Co.
89 Lauder, Leonard
90 Lauder, Ronald
91 Leff, Joseph
92 Leff, Valerie
93 Lefkowitz, Howard
95 Liroff, Harriett
96 Liroff, Richard
98 Loewengart, Irene
99 Lovitz, David
187 M. Westport Associates
225 M-L Three
100 Maayan Partners
247 Magid, Eleanore
226 Mahoney, David J.
227 Mank, Edward H.
101 Marvin, Morton
102 Marvin, Suzanne
103 Maynard, Jean
104 Mazer, David
105 Mazer, Richard
228 McKee, William S.
229 Meister, Robert A.
204 Mendik, Bernard
108 Mendik, Susan
212 Mendik, Susan Trust u/w/o Jean A. Batkin
72 L.C. Migdal & Ellin Kalmus, Trustees of
Murray Silberstein
109 Mil Equities
201 Myers Group III, Inc.
202 Myers Group IV, Inc.
230 Myers, Israel
185 Nevas, Alan
186 Nevas, Leo
111 Novick, Lawrence
112 Oestreich, David A.
113 Oestreich, Joan E.
115 Oppenheimer, Martin J.
116 Oppenheimer, Suzanne
210 Phillips, Jonathan
183 Phillips, Lynn
158 Prentice Revocable Trust, 12/12/75
121 Reichler, Richard
</TABLE>
<TABLE>
<CAPTION>
$50.00
Class of Units
----------------------------------------------------------------
Percentage Series D-2 Value
Partner of Preferred of
# Series D-1 Units Series D-2
- ---------------------------------------------------------- -------------------- ---------------------------------------------
<S> <C> <C> <C>
42 Getz, Howard
43 Getz, Sandra
44 Getz, Sandra & Howard
46 Gold, Frederica
176 Ginsberg, Adele
47 Goldberg, Clarence
49 Goldring, Stanley
50 Goldschmidt, Beatrice
52 Goldschmidt, Charles
53 Goldschmidt, Edward
54 Goldschmidt, Lawrence
177 Goldschmidt, Peter
178 Goldschmidt, Richard
220 Gordon, Melvin
55 Gorfinkle, Alaine
56 Gorfinkle, Lawrence
207 Gould Investors, L.P.
58 Green, Bernard
57 Green, Barbara
59 Greif, Goldie
60 Gutenberg, Bernice
48 H L Silbert trustee U/W of H A Goldman
221 Hagler, Philip Trustee Hagler Family
Trust u/a 6/98
62 Harteveldt, Robert L.
179 Hassler, Jane
222 Hauser, Rita F.
64 Hirsch, Phillip J.
63 Hirsch, Judith
65 Hrusha, Alan
66 Hutner, Anne Trust F/B/O
37 Fierstein Co.
69 Jaffe, Elizabeth
71 Jones, Hazel
73 Kaufman, Robert M.
74 Klein, Robin
76 Knight, Laureine
77 Komaroff, Stanley
79 Kosloff, Andrea
78 Kosloff, Andrea UGMA for Adam Kosloff
80 Kosloff, Andrea UGMA for Justin Kosloff
246 Koven, Corey
181 Koven, Esther
223 Kramer, Irwin H & Terry Allen JTWROS
1003 Kramer, Irwin H & Terry Allen tt for the
Terry Allen Kramer Trust
84 Kramer, Saul
85 Kuhn, James D.
86 Kuhn, Leo
88 Kurshan, Herbert
224 Langenmyer Co.
89 Lauder, Leonard
90 Lauder, Ronald
91 Leff, Joseph
92 Leff, Valerie
93 Lefkowitz, Howard
95 Liroff, Harriett
96 Liroff, Richard
98 Loewengart, Irene
99 Lovitz, David
187 M. Westport Associates
225 M-L Three
100 Maayan Partners
247 Magid, Eleanore
226 Mahoney, David J.
227 Mank, Edward H.
101 Marvin, Morton
102 Marvin, Suzanne
103 Maynard, Jean
104 Mazer, David
105 Mazer, Richard
228 McKee, William S.
229 Meister, Robert A.
204 Mendik, Bernard
108 Mendik, Susan
212 Mendik, Susan Trust u/w/o Jean A. Batkin
72 L.C. Migdal & Ellin Kalmus, Trustees of
Murray Silberstein
109 Mil Equities
201 Myers Group III, Inc.
202 Myers Group IV, Inc.
230 Myers, Israel
185 Nevas, Alan
186 Nevas, Leo
111 Novick, Lawrence
112 Oestreich, David A.
113 Oestreich, Joan E.
115 Oppenheimer, Martin J.
116 Oppenheimer, Suzanne
210 Phillips, Jonathan
183 Phillips, Lynn
158 Prentice Revocable Trust, 12/12/75
121 Reichler, Richard
</TABLE>
<PAGE> 22
<TABLE>
<CAPTION>
$51.39
Class of Units
----------------------------------------------------------------
Series A Value Percentage Series B
Partner Preferred of of Preferred
# Shares Series A Series A Shares
- ----------------------------------------------------- --------------------------------------------------------- --------------
<S> <C> <C> <C> <C>
122 Reingold, Suzy
123 Roberts, H. Richard
124 Roche, Sara
125 Rolfe, Ronald
231 Root, Leon
126 Rosenberg, Ilse
97 Rosenheim, Edna Revocable Living Trust
127 Rosenzveig, Abraham
128 Rubashkin, Martin
129 Rubin, Murray M.
130 Sahid, Joseph
132 Saunders, Paul
131 Saul, Andrew
133 Schacht, Ronald
135 Schwartz, Samuel Trust UWO Barbara
Schwartz
139 Schwartz, Samuel Trust FBO UWO Ellis
Schwartz
136 Schwartz, Carolynn Trust FBO UWO Barbara
Schwartz
138 Schwartz, Carolynn Trust FBO UWO Ellis
Schwartz
140 Shapiro, Howard
142 Shapiro, Robert I.
143 Shasha, Alfred
144 Shasha, Alfred A. & Hanina
145 Shasha, Alfred & Hanina Trustees UTA
6/8/94
146 Shasha, Robert Y.
87 Shasha-Kupchick, Leslie
147 Sheridan Family Partners, L.P.
148 Shine, William
232 Shuman, Stanley S.
149 Silberstein, John J.
150 Silbert, Harvey I.
248 Simons, Robert - Estate of
152 Sims, David
233 Skoker, Saul
154 Steiner, Phillip Harry
155 Steiner, Richard Harris
234 Strauss, Melville
249 Sussman, Walter
156 Tannenbaum, Bernard
157 Tannenbaum, Bernice
159 Tartikoff Living Trust
235 Tessler, Allan R.
164 Winik, Trust U/W/O Carolyn
161 Watt, Emily
160 Wang, Kevin
162 Weissman, Sheila
236 Wexler, Monte
237 Wexner, Leslie H.
163 Williams, John
238 WSNH Partners
--------------------------------------------------------------------
TOTAL 5,789,239 $297,508,992 100.0000% 3,400,000
--------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
$25.00 $25.00
Class of Units
-------------------------------------------------------------------
Value Percentage Series C Value
Partner of of Preferred of
# Series B Series B Shares Series C
- ----------------------------------------------------- ---------------------------------------- ----------------------------------
<S> <C> <C> <C> <C>
122 Reingold, Suzy
123 Roberts, H. Richard
124 Roche, Sara
125 Rolfe, Ronald
231 Root, Leon
126 Rosenberg, Ilse
97 Rosenheim, Edna Revocable Living Trust
127 Rosenzveig, Abraham
128 Rubashkin, Martin
129 Rubin, Murray M.
130 Sahid, Joseph
132 Saunders, Paul
131 Saul, Andrew
133 Schacht, Ronald
135 Schwartz, Samuel Trust UWO Barbara
Schwartz
139 Schwartz, Samuel Trust FBO UWO Ellis
Schwartz
136 Schwartz, Carolynn Trust FBO UWO Barbara
Schwartz
138 Schwartz, Carolynn Trust FBO UWO Ellis
Schwartz
140 Shapiro, Howard
142 Shapiro, Robert I.
143 Shasha, Alfred
144 Shasha, Alfred A. & Hanina
145 Shasha, Alfred & Hanina Trustees UTA
6/8/94
146 Shasha, Robert Y.
87 Shasha-Kupchick, Leslie
147 Sheridan Family Partners, L.P.
148 Shine, William
232 Shuman, Stanley S.
149 Silberstein, John J.
150 Silbert, Harvey I.
248 Simons, Robert - Estate of
152 Sims, David
233 Skoker, Saul
154 Steiner, Phillip Harry
155 Steiner, Richard Harris
234 Strauss, Melville
249 Sussman, Walter
156 Tannenbaum, Bernard
157 Tannenbaum, Bernice
159 Tartikoff Living Trust
235 Tessler, Allan R.
164 Winik, Trust U/W/O Carolyn
161 Watt, Emily
160 Wang, Kevin
162 Weissman, Sheila
236 Wexler, Monte
237 Wexner, Leslie H.
163 Williams, John
238 WSNH Partners
----------------------------------------------------------------------
TOTAL $85,000,000 100.0000% 4,600,000 $115,000,000
----------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
$50.00
Class of Units
--------------------------------------------------------------------
Percentage Series B-1 Value Percentage Series B-2
Partner of Preferred of of Preferred
# Series C Units Series B-1 Series B-1 Units
- ----------------------------------------------------- ------------------- ---------------------------------------- --------------
<S> <C> <C> <C> <C> <C>
122 Reingold, Suzy
123 Roberts, H. Richard
124 Roche, Sara
125 Rolfe, Ronald
231 Root, Leon
126 Rosenberg, Ilse
97 Rosenheim, Edna Revocable Living Trust
127 Rosenzveig, Abraham
128 Rubashkin, Martin
129 Rubin, Murray M.
130 Sahid, Joseph
132 Saunders, Paul
131 Saul, Andrew
133 Schacht, Ronald
135 Schwartz, Samuel Trust UWO Barbara
Schwartz
139 Schwartz, Samuel Trust FBO UWO Ellis
Schwartz
136 Schwartz, Carolynn Trust FBO UWO Barbara
Schwartz
138 Schwartz, Carolynn Trust FBO UWO Ellis
Schwartz
140 Shapiro, Howard
142 Shapiro, Robert I.
143 Shasha, Alfred
144 Shasha, Alfred A. & Hanina
145 Shasha, Alfred & Hanina Trustees UTA
6/8/94
146 Shasha, Robert Y.
87 Shasha-Kupchick, Leslie
147 Sheridan Family Partners, L.P.
148 Shine, William
232 Shuman, Stanley S.
149 Silberstein, John J.
150 Silbert, Harvey I.
248 Simons, Robert - Estate of
152 Sims, David
233 Skoker, Saul
154 Steiner, Phillip Harry
155 Steiner, Richard Harris
234 Strauss, Melville
249 Sussman, Walter
156 Tannenbaum, Bernard
157 Tannenbaum, Bernice
159 Tartikoff Living Trust
235 Tessler, Allan R.
164 Winik, Trust U/W/O Carolyn
161 Watt, Emily
160 Wang, Kevin
162 Weissman, Sheila
236 Wexler, Monte
237 Wexner, Leslie H.
163 Williams, John
238 WSNH Partners
-----------------------------------------------------------------------
TOTAL 100.00% 899,566 $44,978,300 100.00% 449,783
-----------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
$25.00
Class of Units
----------------------------------------------------------
Value Percentage Series C-1 Value
Partner of of Preferred of
# Series B-2 Series B-2 Units Series C-1
- ---------------------------------------------------- --------------------------------------- ---------------------------
<S> <C> <C> <C> <C>
122 Reingold, Suzy
123 Roberts, H. Richard
124 Roche, Sara
125 Rolfe, Ronald
231 Root, Leon
126 Rosenberg, Ilse
97 Rosenheim, Edna Revocable Living Trust
127 Rosenzveig, Abraham
128 Rubashkin, Martin
129 Rubin, Murray M.
130 Sahid, Joseph
132 Saunders, Paul
131 Saul, Andrew
133 Schacht, Ronald
135 Schwartz, Samuel Trust UWO Barbara
Schwartz
139 Schwartz, Samuel Trust FBO UWO Ellis
Schwartz
136 Schwartz, Carolynn Trust FBO UWO Barbara
Schwartz
138 Schwartz, Carolynn Trust FBO UWO Ellis
Schwartz
140 Shapiro, Howard
142 Shapiro, Robert I.
143 Shasha, Alfred
144 Shasha, Alfred A. & Hanina
145 Shasha, Alfred & Hanina Trustees UTA
6/8/94
146 Shasha, Robert Y.
87 Shasha-Kupchick, Leslie
147 Sheridan Family Partners, L.P.
148 Shine, William
232 Shuman, Stanley S.
149 Silberstein, John J.
150 Silbert, Harvey I.
248 Simons, Robert - Estate of
152 Sims, David
233 Skoker, Saul
154 Steiner, Phillip Harry
155 Steiner, Richard Harris
234 Strauss, Melville
249 Sussman, Walter
156 Tannenbaum, Bernard
157 Tannenbaum, Bernice
159 Tartikoff Living Trust
235 Tessler, Allan R.
164 Winik, Trust U/W/O Carolyn
161 Watt, Emily
160 Wang, Kevin
162 Weissman, Sheila
236 Wexler, Monte
237 Wexner, Leslie H.
163 Williams, John
238 WSNH Partners
--------------------------------------------------------------
TOTAL $22,489,150 100.00% 747,912 $37,395,600
--------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
$25.00
Class of Units
--------------------------------------------------------------------
Percentage Series D-1 Value Percentage
Partner of Preferred of of
# Series C-1 Units Series D-1 Series D-1
- ----------------------------------------------------- ---------------------- -----------------------------------------------------
<S> <C> <C> <C> <C>
122 Reingold, Suzy
123 Roberts, H. Richard
124 Roche, Sara
125 Rolfe, Ronald
231 Root, Leon
126 Rosenberg, Ilse
97 Rosenheim, Edna Revocable Living Trust
127 Rosenzveig, Abraham
128 Rubashkin, Martin
129 Rubin, Murray M.
130 Sahid, Joseph
132 Saunders, Paul
131 Saul, Andrew
133 Schacht, Ronald
135 Schwartz, Samuel Trust UWO Barbara
Schwartz
139 Schwartz, Samuel Trust FBO UWO Ellis
Schwartz
136 Schwartz, Carolynn Trust FBO UWO Barbara
Schwartz
138 Schwartz, Carolynn Trust FBO UWO Ellis
Schwartz
140 Shapiro, Howard
142 Shapiro, Robert I.
143 Shasha, Alfred
144 Shasha, Alfred A. & Hanina
145 Shasha, Alfred & Hanina Trustees UTA
6/8/94
146 Shasha, Robert Y.
87 Shasha-Kupchick, Leslie
147 Sheridan Family Partners, L.P.
148 Shine, William
232 Shuman, Stanley S.
149 Silberstein, John J.
150 Silbert, Harvey I.
248 Simons, Robert - Estate of
152 Sims, David
233 Skoker, Saul
154 Steiner, Phillip Harry
155 Steiner, Richard Harris
234 Strauss, Melville
249 Sussman, Walter
156 Tannenbaum, Bernard
157 Tannenbaum, Bernice
159 Tartikoff Living Trust
235 Tessler, Allan R.
164 Winik, Trust U/W/O Carolyn
161 Watt, Emily
160 Wang, Kevin
162 Weissman, Sheila
236 Wexler, Monte
237 Wexner, Leslie H.
163 Williams, John
238 WSNH Partners
-------------------------------------------------------------------
TOTAL 100.00% 3,500,000 $87,500,000 100.00%
-------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
$50.00
Class of Units
-----------------------------------------------------
Series D-2 Value Percentage
Partner Preferred of of
# Units Series D-2 Series D-2
- ----------------------------------------------------- --------------------------------------------------------------
<S> <C> <C> <C>
122 Reingold, Suzy
123 Roberts, H. Richard
124 Roche, Sara
125 Rolfe, Ronald
231 Root, Leon
126 Rosenberg, Ilse
97 Rosenheim, Edna Revocable Living Trust
127 Rosenzveig, Abraham
128 Rubashkin, Martin
129 Rubin, Murray M.
130 Sahid, Joseph
132 Saunders, Paul
131 Saul, Andrew
133 Schacht, Ronald
135 Schwartz, Samuel Trust UWO Barbara
Schwartz
139 Schwartz, Samuel Trust FBO UWO Ellis
Schwartz
136 Schwartz, Carolynn Trust FBO UWO Barbara
Schwartz
138 Schwartz, Carolynn Trust FBO UWO Ellis
Schwartz
140 Shapiro, Howard
142 Shapiro, Robert I.
143 Shasha, Alfred
144 Shasha, Alfred A. & Hanina
145 Shasha, Alfred & Hanina Trustees UTA
6/8/94
146 Shasha, Robert Y.
87 Shasha-Kupchick, Leslie
147 Sheridan Family Partners, L.P.
148 Shine, William
232 Shuman, Stanley S.
149 Silberstein, John J.
150 Silbert, Harvey I.
248 Simons, Robert - Estate of
152 Sims, David
233 Skoker, Saul
154 Steiner, Phillip Harry
155 Steiner, Richard Harris
234 Strauss, Melville
249 Sussman, Walter
156 Tannenbaum, Bernard
157 Tannenbaum, Bernice
159 Tartikoff Living Trust
235 Tessler, Allan R.
164 Winik, Trust U/W/O Carolyn
161 Watt, Emily
160 Wang, Kevin
162 Weissman, Sheila
236 Wexler, Monte
237 Wexner, Leslie H.
163 Williams, John
238 WSNH Partners
---------------------------------------------------------------
TOTAL 549,336 $27,466,800 100.00%
---------------------------------------------------------------
</TABLE>
PTP Calculation (Block Transfers)
<TABLE>
<CAPTION>
Units Value
-------------------- ----------------------
<S> <C> <C>
Common Units (LPs) 7,127,504 234,352,332
Preferred Units 24,144,597 442,263,050
---------- -----------
31,272,101 676,615,382
2% Threshhold 13,532,308
Equivalent Common Units (at 10 day
trailing rate) 411,567
Equivalent Common Units (at $38/sh)) 356,113
</TABLE>
<PAGE> 23
<TABLE>
<CAPTION>
$25.00
---------------------------------------------------
Series D-3 Value Percentage
Partner Preferred of of
# Units Series D-3 Series D-3
- -------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C>
2 VORNADO REALTY TRUST
Vornado Realty Trust
Vornado Finance Corp
Vornado Investment Corporation
40 East 14 Realty Associates
General Partnership
825 Seventh Avenue Holding Corporation
Menands Holdings Corporation
Two Guys From Harrison, N.Y., Inc.
188 Washington Design Center, L.L.C.
213 Fourth & D Street Partners LP
189 Merchandise Mart Owners, L.L.C.
203 H2K L.L.C. (Merchandise Mart Enterprises, L.L.C.)
200 World Trade Center Chicago, L.L.C.
SALOMON SMITH BARNEY TAX ADVANTAGED EXCHANGE FUND III, LLC
192 Greene Street 1998 Exchange Fund L.P.
242 Commonwealth Atlantic Properties Inc.
243 Commonwealth Atlantic - Crystal City OP Holding Inc.
1000 GS-MSD Select Sponsors, L.P.
240 Goldman Sachs 1999 Exchange Place Fund, LP 8,000,000 $200,000,000 100.00%
241 TMCT II, LLC
239 Meadowbrook Equity Fund II, LLC.
197 Jacob H Froelich, Jr.
194 S.D. Phillips
196 George W Lyles
199 Canoe House Partners, LLC
193 Roaring Gap Limited Partnership
195 Phillips Property Company, LLC
252-990 Newkirk Partners (See attached schedule)
106 The Mendik Partnership, L.P.
1001 Mendik Holdings L.L.C.
40 FW / Mendik REIT, L.L.C.
107 Mendik RELP Corp.
251 2750 Associates Limited Partnership
6 Abrams, Trust U/W/O Ralph
214 ACI Associates
7 Adler, Robert
215 Allen & Company Incorporated
216 Allen, C. Robert III
8 Alpert, Vicki
9 Ambassador Construction Company, Inc.
10 Aschendorf-Shasha, Ellen
11 Ash, Herbert
171 Aubert, Lysa
13 Barr, Thomas
12 Barkin, Leonard
173 Batkin, Nancy 1998 Trust u/a/d 5/11/98
17 Berenson, David
18 Berenson, Joan
19 Berenson, Richard
20 Berenson, Robert
174 Berger, Alice C.
21 Bianculli, Louis
22 Bierman, Jacquin
23 Blumenthal, Joel Marie
24 Braverman, Madlyn
190 Bonk, Chris
217 Burack, Daniel A.
26 Carb, Sally
244 Carney, Margaret R.
28 Chambers, Robert
25 CHO Enterprises
218 Damson, Barrie
30 Dembner, Shirley
29 Dembner, Shirley UGMA for Lindsey Dembner
31 Doner, Max
32 Downey, Michael
33 Dryfoos, Jacqueline
34 Dubrowski, Raymond
219 Elson, Edward E.
35 Evans, Ben
36 Field, Walter L.
70 Jesse Fierstein & Co.
38 Fischer, Alan A.
39 Freedman, Robert
41 Gershon, Estate of Murray
</TABLE>
<TABLE>
<CAPTION>
$25.00
---------------------------------------------------
Series D-4 Value Percentage
Partner Preferred of of
# Units Series D-4 Series D-4
- -------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C>
2 VORNADO REALTY TRUST
Vornado Realty Trust
Vornado Finance Corp
Vornado Investment Corporation
40 East 14 Realty Associates
General Partnership
825 Seventh Avenue Holding Corporation
Menands Holdings Corporation
Two Guys From Harrison, N.Y. , Inc.
188 Washington Design Center, L.L.C.
213 Fourth & D Street Partners LP
189 Merchandise Mart Owners, L.L.C.
203 H2K L.L.C. (Merchandise Mart Enterprises, L.L.C.)
200 World Trade Center Chicago, L.L.C.
SALOMON SMITH BARNEY TAX ADVANTAGED EXCHANGE FUND III, LLC
192 Greene Street 1998 Exchange Fund L.P.
242 Commonwealth Atlantic Properties Inc.
243 Commonwealth Atlantic - Crystal City OP Holding Inc.
1000 GS-MSD Select Sponsors, L.P.
240 Goldman Sachs 1999 Exchange Place Fund, LP
241 TMCT II, LLC 5,000,000 $125,000,000 100.00%
239 Meadowbrook Equity Fund II, LLC.
197 Jacob H Froelich, Jr.
194 S.D. Phillips
196 George W Lyles
199 Canoe House Partners, LLC
193 Roaring Gap Limited Partnership
195 Phillips Property Company, LLC
252-990 Newkirk Partners (See attached schedule)
106 The Mendik Partnership, L.P.
1001 Mendik Holdings L.L.C.
40 FW / Mendik REIT, L.L.C.
107 Mendik RELP Corp.
251 2750 Associates Limited Partnership
6 Abrams, Trust U/W/O Ralph
214 ACI Associates
7 Adler, Robert
215 Allen & Company Incorporated
216 Allen, C. Robert III
8 Alpert, Vicki
9 Ambassador Construction Company, Inc.
10 Aschendorf- Shasha, Ellen
11 Ash, Herbert
171 Aubert, Lysa
13 Barr, Thomas
12 Barkin, Leonard
173 Batkin, Nancy 1998 Trust u/a/d 5/11/98
17 Berenson, David
18 Berenson, Joan
19 Berenson, Richard
20 Berenson, Robert
174 Berger, Alice C.
21 Bianculli, Louis
22 Bierman, Jacquin
23 Blumenthal, Joel Marie
24 Braverman, Madlyn
190 Bonk, Chris
217 Burack, Daniel A.
26 Carb, Sally
244 Carney, Margaret R.
28 Chambers, Robert
25 CHO Enterprises
218 Damson, Barrie
30 Dembner, Shirley
29 Dembner, Shirley UGMA for Lindsey Dembner
31 Doner, Max
32 Downey, Michael
33 Dryfoos, Jacqueline
34 Dubrowski, Raymond
219 Elson, Edward E.
35 Evans, Ben
36 Field, Walter L.
70 Jesse Fierstein & Co.
38 Fischer, Alan A.
39 Freedman, Robert
41 Gershon, Estate of Murray
</TABLE>
<TABLE>
<CAPTION>
$25.00
----------------------------------------------------
Series D-5 Value Percentage
Preferred of of
Units Series D-5 Series D-5
- -------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C>
2 VORNADO REALTY TRUST
Vornado Realty Trust
Vornado Finance Corp
Vornado Investment Corporation
40 East 14 Realty Associates
General Partnership
825 Seventh Avenue Holding Corporation
Menands Holdings Corporation
Two Guys From Harrison, N.Y. , Inc.
188 Washington Design Center, L.L.C.
213 Fourth & D Street Partners LP
189 Merchandise Mart Owners, L.L.C.
203 H2K L.L.C. (Merchandise Mart Enterprises, L.L.C.)
200 World Trade Center Chicago, L.L.C.
SALOMON SMITH BARNEY TAX ADVANTAGED EXCHANGE FUND III, LLC
192 Greene Street 1998 Exchange Fund L.P.
242 Commonwealth Atlantic Properties Inc.
243 Commonwealth Atlantic - Crystal City OP Holding Inc.
1000 GS-MSD Select Sponsors, L.P. 7,480,000 $187,000,000 100.00%
240 Goldman Sachs 1999 Exchange Place Fund, LP
241 TMCT II, LLC
239 Meadowbrook Equity Fund II, LLC.
197 Jacob H Froelich, Jr.
194 S.D. Phillips
196 George W Lyles
199 Canoe House Partners, LLC
193 Roaring Gap Limited Partnership
195 Phillips Property Company, LLC
252-990 Newkirk Partners (See attached schedule)
106 The Mendik Partnership, L.P.
1001 Mendik Holdings L.L.C.
40 FW / Mendik REIT, L.L.C.
107 Mendik RELP Corp.
251 2750 Associates Limited Partnership
6 Abrams, Trust U/W/O Ralph
214 ACI Associates
7 Adler, Robert
215 Allen & Company Incorporated
216 Allen, C. Robert III
8 Alpert, Vicki
9 Ambassador Construction Company, Inc.
10 Aschendorf- Shasha, Ellen
11 Ash, Herbert
171 Aubert, Lysa
13 Barr, Thomas
12 Barkin, Leonard
173 Batkin, Nancy 1998 Trust u/a/d 5/11/98
17 Berenson, David
18 Berenson, Joan
19 Berenson, Richard
20 Berenson, Robert
174 Berger, Alice C.
21 Bianculli, Louis
22 Bierman, Jacquin
23 Blumenthal, Joel Marie
24 Braverman, Madlyn
190 Bonk, Chris
217 Burack, Daniel A.
26 Carb, Sally
244 Carney, Margaret R.
28 Chambers, Robert
25 CHO Enterprises
218 Damson, Barrie
30 Dembner, Shirley
29 Dembner, Shirley UGMA for Lindsey Dembner
31 Doner, Max
32 Downey, Michael
33 Dryfoos, Jacqueline
34 Dubrowski, Raymond
219 Elson, Edward E.
35 Evans, Ben
36 Field, Walter L.
70 Jesse Fierstein & Co.
38 Fischer, Alan A.
39 Freedman, Robert
41 Gershon, Estate of Murray
</TABLE>
<TABLE>
<CAPTION>
$25.00
----------------------------------------------------
Series D-6 Value Percentage
Preferred of of
Units Series D-6 Series D-6
- -------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C>
2 VORNADO REALTY TRUST
Vornado Realty Trust
Vornado Finance Corp
Vornado Investment Corporation
40 East 14 Realty Associates
General Partnership
825 Seventh Avenue Holding Corporation
Menands Holdings Corporation
Two Guys From Harrison, N.Y. , Inc.
188 Washington Design Center, L.L.C.
213 Fourth & D Street Partners LP
189 Merchandise Mart Owners, L.L.C.
203 H2K L.L.C. (Merchandise Mart Enterprises, L.L.C.)
200 World Trade Center Chicago, L.L.C.
SALOMON SMITH BARNEY TAX ADVANTAGED EXCHANGE FUND III, LLC 840,000 $21,000,000 100.00%
192 Greene Street 1998 Exchange Fund L.P.
242 Commonwealth Atlantic Properties Inc.
243 Commonwealth Atlantic - Crystal City OP Holding Inc.
1000 GS-MSD Select Sponsors, L.P.
240 Goldman Sachs 1999 Exchange Place Fund, LP
241 TMCT II, LLC
239 Meadowbrook Equity Fund II, LLC.
197 Jacob H Froelich, Jr.
194 S.D. Phillips
196 George W Lyles
199 Canoe House Partners, LLC
193 Roaring Gap Limited Partnership
195 Phillips Property Company, LLC
252-990 Newkirk Partners (See attached schedule)
106 The Mendik Partnership, L.P.
1001 Mendik Holdings L.L.C.
40 FW / Mendik REIT, L.L.C.
107 Mendik RELP Corp.
251 2750 Associates Limited Partnership
6 Abrams, Trust U/W/O Ralph
214 ACI Associates
7 Adler, Robert
215 Allen & Company Incorporated
216 Allen, C. Robert III
8 Alpert, Vicki
9 Ambassador Construction Company, Inc.
10 Aschendorf- Shasha, Ellen
11 Ash, Herbert
171 Aubert, Lysa
13 Barr, Thomas
12 Barkin, Leonard
173 Batkin, Nancy 1998 Trust u/a/d 5/11/98
17 Berenson, David
18 Berenson, Joan
19 Berenson, Richard
20 Berenson, Robert
174 Berger, Alice C.
21 Bianculli, Louis
22 Bierman, Jacquin
23 Blumenthal, Joel Marie
24 Braverman, Madlyn
190 Bonk, Chris
217 Burack, Daniel A.
26 Carb, Sally
244 Carney, Margaret R.
28 Chambers, Robert
25 CHO Enterprises
218 Damson, Barrie
30 Dembner, Shirley
29 Dembner, Shirley UGMA for Lindsey Dembner
31 Doner, Max
32 Downey, Michael
33 Dryfoos, Jacqueline
34 Dubrowski, Raymond
219 Elson, Edward E.
35 Evans, Ben
36 Field, Walter L.
70 Jesse Fierstein & Co.
38 Fischer, Alan A.
39 Freedman, Robert
41 Gershon, Estate of Murray
</TABLE>
<TABLE>
<CAPTION>
$50.00
------------------------------------------------
Series E-1 Value Percentage
Preferred of of
Units Series E-1 Series E-1
- -------------------------------------------------------------------- ---------------------------------------------------------
<S> <C> <C> <C>
2 VORNADO REALTY TRUST
Vornado Realty Trust
Vornado Finance Corp
Vornado Investment Corporation
40 East 14 Realty Associates
General Partnership
825 Seventh Avenue Holding Corporation
Menands Holdings Corporation
Two Guys From Harrison, N.Y. , Inc.
188 Washington Design Center, L.L.C.
213 Fourth & D Street Partners LP
189 Merchandise Mart Owners, L.L.C.
203 H2K L.L.C. (Merchandise Mart Enterprises, L.L.C.)
200 World Trade Center Chicago, L.L.C.
SALOMON SMITH BARNEY TAX ADVANTAGED EXCHANGE FUND III, LLC
192 Greene Street 1998 Exchange Fund L.P.
242 Commonwealth Atlantic Properties Inc. 3,899,333 194,966,650 78.02%
243 Commonwealth Atlantic - Crystal City OP Holding Inc. 1,098,667 54,933,350 21.98%
1000 GS-MSD Select Sponsors, L.P.
240 Goldman Sachs 1999 Exchange Place Fund, LP
241 TMCT II, LLC
239 Meadowbrook Equity Fund II, LLC.
197 Jacob H Froelich, Jr.
194 S.D. Phillips
196 George W Lyles
199 Canoe House Partners, LLC
193 Roaring Gap Limited Partnership
195 Phillips Property Company, LLC
252-990 Newkirk Partners (See attached schedule)
106 The Mendik Partnership, L.P.
1001 Mendik Holdings L.L.C.
40 FW / Mendik REIT, L.L.C.
107 Mendik RELP Corp.
251 2750 Associates Limited Partnership
6 Abrams, Trust U/W/O Ralph
214 ACI Associates
7 Adler, Robert
215 Allen & Company Incorporated
216 Allen, C. Robert III
8 Alpert, Vicki
9 Ambassador Construction Company, Inc.
10 Aschendorf- Shasha, Ellen
11 Ash, Herbert
171 Aubert, Lysa
13 Barr, Thomas
12 Barkin, Leonard
173 Batkin, Nancy 1998 Trust u/a/d 5/11/98
17 Berenson, David
18 Berenson, Joan
19 Berenson, Richard
20 Berenson, Robert
174 Berger, Alice C.
21 Bianculli, Louis
22 Bierman, Jacquin
23 Blumenthal, Joel Marie
24 Braverman, Madlyn
190 Bonk, Chris
217 Burack, Daniel A.
26 Carb, Sally
244 Carney, Margaret R.
28 Chambers, Robert
25 CHO Enterprises
218 Damson, Barrie
30 Dembner, Shirley
29 Dembner, Shirley UGMA for Lindsey Dembner
31 Doner, Max
32 Downey, Michael
33 Dryfoos, Jacqueline
34 Dubrowski, Raymond
219 Elson, Edward E.
35 Evans, Ben
36 Field, Walter L.
70 Jesse Fierstein & Co.
38 Fischer, Alan A.
39 Freedman, Robert
41 Gershon, Estate of Murray
</TABLE>
<TABLE>
<CAPTION>
$32.88 92.3918%
-----------------------------------------------------
Common Units
----------------
Total Value Percentage
Common Common Common
A D Units Units Units
- ----------------------------------------------------- --------- ------------------------------------------
<S> <C> <C> <C> <C> <C>
2 VORNADO REALTY TRUST
Vornado Realty Trust 45,012,968 45,012,968 $1,480,026,388 48.0487%
Vornado Finance Corp 35,282,694 35,282,694 $1,160,094,979 37.6622%
Vornado Investment Corporation 3,666,666 3,666,666 $120,559,978 3.9139%
40 East 14 Realty Associates 0 $0 0.0000%
General Partnership 1,639,278 1,639,278 $53,899,461 1.7498%
825 Seventh Avenue Holding Corporation 235,516 235,516 $7,743,766 0.2514%
Menands Holdings Corporation 536,524 536,524 $17,640,909 0.5727%
Two Guys From Harrison, N.Y. , Inc. 180,890 180,890 $5,947,663 0.1931%
188 Washington Design Center, L.L.C. 0 0 $0 0.0000%
213 Fourth & D Street Partners LP 0
189 Merchandise Mart Owners, L.L.C. 0 $0 0.0000%
203 H2K L.L.C. (Merchandise Mart Enterprises,
L.L.C.) 395,967 395,967 $13,019,395 0.4227%
200 World Trade Center Chicago, L.L.C. 23,948 23,948 $787,410 0.0256%
Salomon Smith Barney Tax Advantaged Exchange
Fund III, LLC 0 $0 0.0000%
192 Greene Street 1998 Exchange Fund L.P. 0 $0 0.0000%
242 Commonwealth Atlantic Properties Inc. 0 $0 0.0000%
243 Commonwealth Atlantic - Crystal City OP
Holding Inc. 0 $0 0.0000%
1000 GS-MSD Select Sponsors, L.P. 0 $0 0.0000%
240 Goldman Sachs 1999 Exchange Place Fund, LP 0 $0 0.0000%
241 TMCT II, LLC 0 $0 0.0000%
239 Meadowbrook Equity Fund II, LLC. 0 $0 0.0000%
197 Jacob H Froelich, Jr. 202,411 202,411 $6,655,274 0.2161%
194 S.D. Phillips 0 $0 0.0000%
196 George W Lyles 0 $0 0.0000%
199 Canoe House Partners, LLC 0 $0 0.0000%
193 Roaring Gap Limited Partnership 0 $0 0.0000%
195 Phillips Property Company, LLC 0 $0 0.0000%
252-990 Newkirk Partners (See attached schedule) 1,435,584 1,435,584 $47,202,002 1.5324%
106 The Mendik Partnership, L.P. 765,183 765,183 $25,159,217 0.8168%
1001 Mendik Holdings L.L.C. 1,767,035 1,767,035 $58,100,111 1.8862%
40 FW / Mendik REIT, L.L.C. 486,540 486,540 $15,997,435 0.5194%
107 Mendik RELP Corp. 846 846 $27,816 0.0009%
251 2750 Associates Limited Partnership 2,704 2,704 $88,908 0.0029%
6 Abrams, Trust U/W/O Ralph 7,244 7,244 $238,183 0.0077%
214 ACI Associates 1,057 1,057 $34,754 0.0011%
7 Adler, Robert 2,496 2,496 $82,068 0.0027%
215 Allen & Company Incorporated 1,760 1,760 $57,869 0.0019%
216 Allen, C. Robert III 880 880 $28,934 0.0009%
8 Alpert, Vicki 5,228 5,228 $171,897 0.0056%
9 Ambassador Construction Company, Inc. 27,939 27,939 $918,634 0.0298%
10 Aschendorf-Shasha, Ellen 1,710 1,710 $56,225 0.0018%
11 Ash, Herbert 154 154 $5,064 0.0002%
171 Aubert, Lysa 4,534 4,534 $113,350 0.0048%
13 Barr, Thomas 1,844 1,844 $60,631 0.0020%
12 Barkin, Leonard 962 962 $31,631 0.0010%
173 Batkin, Nancy 1998 Trust u/a/d 5/11/98 130 6,338 6,468 $212,668 0.0069%
17 Berenson, David 1,034 1,034 $33,998 0.0011%
18 Berenson, Joan 1,382 1,382 $45,440 0.0015%
19 Berenson, Richard 842 842 $27,685 0.0009%
20 Berenson, Robert 1,762 1,762 $57,935 0.0019%
174 Berger, Alice C. 374 374 $12,297 0.0004%
21 Bianculli, Louis 5,604 5,604 $184,260 0.0060%
22 Bierman, Jacquin 5,376 5,376 $176,763 0.0057%
23 Blumenthal, Joel Marie 154 154 $5,064 0.0002%
24 Braverman, Madlyn 75,434 75,434 $2,480,270 0.0805%
190 Bonk, Chris 35,032 35,032 $1,151,852 0.0374%
217 Burack, Daniel A. 176 176 $5,787 0.0002%
26 Carb, Sally 1,793 1,793 $58,954 0.0019%
244 Carney, Margaret R. 1,419 1,419 $46,657 0.0015%
28 Chambers, Robert 222 7,961 8,183 $269,057 0.0087%
25 CHO Enterprises 5,364 5,364 $176,368 0.0057%
218 Damson, Barrie 1,144 1,144 $37,615 0.0012%
30 Dembner, Shirley 145 78 223 $7,332 0.0002%
29 Dembner, Shirley UGMA for Lindsey Dembner 3,462 3,462 $113,831 0.0037%
31 Doner, Max 3,364 3,364 $110,608 0.0036%
32 Downey, Michael 83,226 83,226 $2,736,471 0.0888%
33 Dryfoos, Jacqueline 962 962 $31,631 0.0010%
34 Dubrowski, Raymond 2,304 2,304 $75,756 0.0025%
219 Elson, Edward E. 1,760 1,760 $57,869 0.0019%
35 Evans, Ben 104 104 $3,420 0.0001%
36 Field, Walter L. 1,680 1,680 $55,238 0.0018%
70 Jesse Fierstein & Co. 4,045 4,045 $133,000 0.0043%
38 Fischer, Alan A. 3,364 3,364 $110,608 0.0036%
39 Freedman, Robert 5,770 5,770 $189,718 0.0062%
41 Gershon, Estate of Murray 10,494 10,494 $345,043 0.0112%
</TABLE>
<PAGE> 24
<TABLE>
<CAPTION>
----------------------------------------------
Partner Total Total Percentage
# Units Value Interest
- -------------------------------------------------------------------------- ------------ -------------- ----------
<S> <C> <C> <C>
2 Vornado Realty Trust 100,343,775 $3,343,422,136 72.9931%
Vornado Realty Trust
Vornado Finance Corp
Vornado Investment Corporation
40 East 14 Realty Associates
General Partnership
825 Seventh Avenue Holding Corporation
Menands Holdings Corporation
Two Guys From Harrison, N.Y. , Inc.
188 Washington Design Center, L.L.C. 300,000 $ 15,000,000 0.3275%
213 Fourth & D Street Partners LP 0.0000%
189 Merchandise Mart Owners, L.L.C. 1,049,349 $ 52,467,450 1.1455%
203 H2K L.L.C. (Merchandise Mart Enterprises, L.L.C.) 395,967 $ 13,019,395 0.2842%
200 World Trade Center Chicago, L.L.C. 23,948 $ 787,410 0.0172%
Salomon Smith Barney Tax Advantaged Exchange Fund III, LLC 840,000 $ 21,000,000 0.4585%
192 Greene Street 1998 Exchange Fund L.P. 3,500,000 $ 87,500,000 1.9103%
242 Commonwealth Atlantic Properties Inc. 3,899,333 $ 194,966,650 4.2565%
243 Commonwealth Atlantic - Crystal City OP Holding Inc. 1,098,667 $ 54,933,350 1.1993%
1000 GS-MSD Select Sponsors, L.P. 7,480,000 $ 187,000,000 4.0826%
240 Goldman Sachs 1999 Exchange Place Fund, LP 8,000,000 $ 200,000,000 4.3664%
241 TMCT II, LLC 5,000,000 $ 125,000,000 2.7290%
239 Meadowbrook Equity Fund II, LLC. 549,336 $ 27,466,800 0.5997%
197 Jacob H Froelich, Jr. 352,478 $ 14,158,624 0.3091%
194 S.D. Phillips 9,976 $ 498,800 0.0109%
196 George W Lyles 70,044 $ 3,502,200 0.0765%
199 Canoe House Partners, LLC 200,090 $ 10,004,500 0.2184%
193 Roaring Gap Limited Partnership 290,158 $ 14,507,900 0.3167%
195 Phillips Property Company, LLC 27,577 $ 1,378,850 0.0301%
252-990 Newkirk Partners (See attached schedule) 1,435,584 $ 47,202,002 1.0305%
106 The Mendik Partnership, L.P. 765,183 $ 25,159,217 0.5493%
1001 Mendik Holdings L.L.C. 1,767,035 $ 58,100,111 1.2684%
40 FW / Mendik REIT, L.L.C. 486,540 $ 15,997,435 0.3493%
107 Mendik RELP Corp. 846 $ 27,816 0.0006%
251 2750 Associates Limited Partnership 2,704 $ 88,908 0.0019%
6 Abrams, Trust U/W/O Ralph 7,244 $ 238,183 0.0052%
214 ACI Associates 1,057 $ 34,754 0.0008%
7 Adler, Robert 2,496 $ 82,068 0.0018%
215 Allen & Company Incorporated 1,760 $ 57,869 0.0013%
216 Allen, C. Robert III 880 $ 28,934 0.0006%
8 Alpert, Vicki 5,228 $ 171,897 0.0038%
9 Ambassador Construction Company, Inc. 27,939 $ 918,634 0.0201%
10 Aschendorf- Shasha, Ellen 1,710 $ 56,225 0.0012%
11 Ash, Herbert 154 $ 5,064 0.0001%
171 Aubert, Lysa 4,534 $ 113,350 0.0025%
13 Barr, Thomas 1,844 $ 60,631 0.0013%
12 Barkin, Leonard 962 $ 31,631 0.0007%
173 Batkin, Nancy 1998 Trust u/a/d 5/11/98 6,468 $ 212,668 0.0046%
17 Berenson, David 1,034 $ 33,998 0.0007%
18 Berenson, Joan 1,382 $ 45,440 0.0010%
19 Berenson, Richard 842 $ 27,685 0.0006%
20 Berenson, Robert 1,762 $ 57,935 0.0013%
174 Berger, Alice C. 374 $ 12,297 0.0003%
21 Bianculli, Louis 5,604 $ 184,260 0.0040%
22 Bierman, Jacquin 5,376 $ 176,763 0.0039%
23 Blumenthal, Joel Marie 154 $ 5,064 0.0001%
24 Braverman, Madlyn 75,434 $ 2,480,270 0.0541%
190 Bonk, Chris 35,032 $ 1,151,852 0.0251%
217 Burack, Daniel A. 176 $ 5,787 0.0001%
26 Carb, Sally 1,793 $ 58,954 0.0013%
244 Carney, Margaret R. 1,419 $ 46,657 0.0010%
28 Chambers, Robert 8,183 $ 269,057 0.0059%
25 CHO Enterprises 5,364 $ 176,368 0.0039%
218 Damson, Barrie 1,144 $ 37,615 0.0008%
30 Dembner, Shirley 223 $ 7,332 0.0002%
29 Dembner, Shirley UGMA for Lindsey Dembner 3,462 $ 113,831 0.0025%
31 Doner, Max 3,364 $ 110,608 0.0024%
32 Downey, Michael 83,226 $ 2,736,471 0.0597%
33 Dryfoos, Jacqueline 962 $ 31,631 0.0007%
34 Dubrowski, Raymond 2,304 $ 75,756 0.0017%
219 Elson, Edward E. 1,760 $ 57,869 0.0013%
35 Evans, Ben 104 $ 3,420 0.0001%
36 Field, Walter L. 1,680 $ 55,238 0.0012%
70 Jesse Fierstein & Co. 4,045 $ 133,000 0.0029%
38 Fischer, Alan A. 3,364 $ 110,608 0.0024%
39 Freedman, Robert 5,770 $ 189,718 0.0041%
41 Gershon, Estate of Murray 10,494 $ 345,043 0.0075%
</TABLE>
<PAGE> 25
<TABLE>
<CAPTION>
$25.00
----------------------------------------------------
Series D-3 Value Percentage
Partner Preferred of of
# Units Series D-3 Series D-3
- ------------------------------------------------------------- --------------------------------------------------------------------
<S> <C> <C> <C>
42 Getz, Howard
43 Getz, Sandra
44 Getz, Sandra & Howard
46 Gold, Frederica
176 Ginsberg, Adele
47 Goldberg, Clarence
49 Goldring, Stanley
50 Goldschmidt, Beatrice
52 Goldschmidt, Charles
53 Goldschmidt, Edward
54 Goldschmidt, Lawrence
177 Goldschmidt, Peter
178 Goldschmidt, Richard
220 Gordon, Melvin
55 Gorfinkle, Alaine
56 Gorfinkle, Lawrence
207 Gould Investors, L.P.
58 Green, Bernard
57 Green, Barbara
59 Greif, Goldie
60 Gutenberg, Bernice
48 H L Silbert trustee U/W of H A Goldman
221 Hagler, Philip Trustee Hagler Family Trust u/a 6/98
62 Harteveldt, Robert L.
179 Hassler, Jane
222 Hauser, Rita F.
64 Hirsch, Phillip J.
63 Hirsch, Judith
65 Hrusha, Alan
66 Hutner, Anne Trust F/B/O
37 Fierstein Co.
69 Jaffe, Elizabeth
71 Jones, Hazel
73 Kaufman, Robert M.
74 Klein, Robin
76 Knight, Laureine
77 Komaroff, Stanley
79 Kosloff, Andrea
78 Kosloff, Andrea UGMA for Adam Kosloff
80 Kosloff, Andrea UGMA for Justin Kosloff
246 Koven, Corey
181 Koven , Esther
223 Kramer, Irwin H & Terry Allen JTWROS
1003 Kramer, Irwin H & Terry Allen tt for the Terry Allen
Kramer Trust
84 Kramer, Saul
85 Kuhn, James D.
86 Kuhn, Leo
88 Kurshan, Herbert
224 Langenmyer Co.
89 Lauder, Leonard
90 Lauder, Ronald
91 Leff, Joseph
92 Leff, Valerie
93 Lefkowitz, Howard
95 Liroff, Harriett
96 Liroff, Richard
98 Loewengart, Irene
99 Lovitz, David
187 M. Westport Associates
225 M-L Three
100 Maayan Partners
247 Magid, Eleanore
226 Mahoney, David J.
227 Mank, Edward H.
101 Marvin, Morton
102 Marvin, Suzanne
103 Maynard, Jean
104 Mazer, David
105 Mazer, Richard
228 McKee, William S.
229 Meister, Robert A.
204 Mendik, Bernard
108 Mendik, Susan
212 Mendik, Susan Trust u/w/o Jean A. Batkin
72 L.C. Migdal & Ellin Kalmus, Trustees of Murray
Silberstein
109 Mil Equities
201 Myers Group III, Inc.
202 Myers Group IV, Inc.
230 Myers, Israel
185 Nevas, Alan
186 Nevas, Leo
111 Novick, Lawrence
112 Oestreich, David A.
113 Oestreich, Joan E.
115 Oppenheimer, Martin J.
116 Oppenheimer, Suzanne
210 Phillips, Jonathan
183 Phillips, Lynn
158 Prentice Revocable Trust, 12/12/75
121 Reichler, Richard
</TABLE>
<TABLE>
<CAPTION>
$25.00
----------------------------------------------------
Series D-4 Value Percentage
Partner Preferred of of
# Units Series D-4 Series D-4
- ------------------------------------------------------------- --------------------------------------------------------------------
<S> <C> <C> <C>
42 Getz, Howard
43 Getz, Sandra
44 Getz, Sandra & Howard
46 Gold, Frederica
176 Ginsberg, Adele
47 Goldberg, Clarence
49 Goldring, Stanley
50 Goldschmidt, Beatrice
52 Goldschmidt, Charles
53 Goldschmidt, Edward
54 Goldschmidt, Lawrence
177 Goldschmidt, Peter
178 Goldschmidt, Richard
220 Gordon, Melvin
55 Gorfinkle, Alaine
56 Gorfinkle, Lawrence
207 Gould Investors, L.P.
58 Green, Bernard
57 Green, Barbara
59 Greif, Goldie
60 Gutenberg, Bernice
48 H L Silbert trustee U/W of H A Goldman
221 Hagler, Philip Trustee Hagler Family Trust u/a 6/98
62 Harteveldt, Robert L.
179 Hassler, Jane
222 Hauser, Rita F.
64 Hirsch, Phillip J.
63 Hirsch, Judith
65 Hrusha, Alan
66 Hutner, Anne Trust F/B/O
37 Fierstein Co.
69 Jaffe, Elizabeth
71 Jones, Hazel
73 Kaufman, Robert M.
74 Klein, Robin
76 Knight, Laureine
77 Komaroff, Stanley
79 Kosloff, Andrea
78 Kosloff, Andrea UGMA for Adam Kosloff
80 Kosloff, Andrea UGMA for Justin Kosloff
246 Koven, Corey
181 Koven , Esther
223 Kramer, Irwin H & Terry Allen JTWROS
1003 Kramer, Irwin H & Terry Allen tt for the Terry
Allen Kramer Trust
84 Kramer, Saul
85 Kuhn, James D.
86 Kuhn, Leo
88 Kurshan, Herbert
224 Langenmyer Co.
89 Lauder, Leonard
90 Lauder, Ronald
91 Leff, Joseph
92 Leff, Valerie
93 Lefkowitz, Howard
95 Liroff, Harriett
96 Liroff, Richard
98 Loewengart, Irene
99 Lovitz, David
187 M. Westport Associates
225 M-L Three
100 Maayan Partners
247 Magid, Eleanore
226 Mahoney, David J.
227 Mank, Edward H.
101 Marvin, Morton
102 Marvin, Suzanne
103 Maynard, Jean
104 Mazer, David
105 Mazer, Richard
228 McKee, William S.
229 Meister, Robert A.
204 Mendik, Bernard
108 Mendik, Susan
212 Mendik, Susan Trust u/w/o Jean A. Batkin
72 L.C. Migdal & Ellin Kalmus, Trustees of Murray
Silberstein
109 Mil Equities
201 Myers Group III, Inc.
202 Myers Group IV, Inc.
230 Myers, Israel
185 Nevas, Alan
186 Nevas, Leo
111 Novick, Lawrence
112 Oestreich, David A.
113 Oestreich, Joan E.
115 Oppenheimer, Martin J.
116 Oppenheimer, Suzanne
210 Phillips, Jonathan
183 Phillips, Lynn
158 Prentice Revocable Trust, 12/12/75
121 Reichler, Richard
</TABLE>
<TABLE>
<CAPTION>
$25.00
------------------------------------------------
Series D-5 Value Percentage
Partner Preferred of of
# Units Series D-5 Series D-5
- ------------------------------------------------------------- --------------------------------------------------------------------
<S> <C> <C> <C>
42 Getz, Howard
43 Getz, Sandra
44 Getz, Sandra & Howard
46 Gold, Frederica
176 Ginsberg, Adele
47 Goldberg, Clarence
49 Goldring, Stanley
50 Goldschmidt, Beatrice
52 Goldschmidt, Charles
53 Goldschmidt, Edward
54 Goldschmidt, Lawrence
177 Goldschmidt, Peter
178 Goldschmidt, Richard
220 Gordon, Melvin
55 Gorfinkle, Alaine
56 Gorfinkle, Lawrence
207 Gould Investors, L.P.
58 Green, Bernard
57 Green, Barbara
59 Greif, Goldie
60 Gutenberg, Bernice
48 H L Silbert trustee U/W of H A Goldman
221 Hagler, Philip Trustee Hagler Family Trust u/a 6/98
62 Harteveldt, Robert L.
179 Hassler, Jane
222 Hauser, Rita F.
64 Hirsch, Phillip J.
63 Hirsch, Judith
65 Hrusha, Alan
66 Hutner, Anne Trust F/B/O
37 Fierstein Co.
69 Jaffe, Elizabeth
71 Jones, Hazel
73 Kaufman, Robert M.
74 Klein, Robin
76 Knight, Laureine
77 Komaroff, Stanley
79 Kosloff, Andrea
78 Kosloff, Andrea UGMA for Adam Kosloff
80 Kosloff, Andrea UGMA for Justin Kosloff
246 Koven, Corey
181 Koven , Esther
223 Kramer, Irwin H & Terry Allen JTWROS
1003 Kramer, Irwin H & Terry Allen tt for the Terry Allen
Kramer Trust
84 Kramer, Saul
85 Kuhn, James D.
86 Kuhn, Leo
88 Kurshan, Herbert
224 Langenmyer Co.
89 Lauder, Leonard
90 Lauder, Ronald
91 Leff, Joseph
92 Leff, Valerie
93 Lefkowitz, Howard
95 Liroff, Harriett
96 Liroff, Richard
98 Loewengart, Irene
99 Lovitz, David
187 M. Westport Associates
225 M-L Three
100 Maayan Partners
247 Magid, Eleanore
226 Mahoney, David J.
227 Mank, Edward H.
101 Marvin, Morton
102 Marvin, Suzanne
103 Maynard, Jean
104 Mazer, David
105 Mazer, Richard
228 McKee, William S.
229 Meister, Robert A.
204 Mendik, Bernard
108 Mendik, Susan
212 Mendik, Susan Trust u/w/o Jean A. Batkin
72 L.C. Migdal & Ellin Kalmus, Trustees of Murray
Silberstein
109 Mil Equities
201 Myers Group III, Inc.
202 Myers Group IV, Inc.
230 Myers, Israel
185 Nevas, Alan
186 Nevas, Leo
111 Novick, Lawrence
112 Oestreich, David A.
113 Oestreich, Joan E.
115 Oppenheimer, Martin J.
116 Oppenheimer, Suzanne
210 Phillips, Jonathan
183 Phillips, Lynn
158 Prentice Revocable Trust, 12/12/75
121 Reichler, Richard
</TABLE>
<TABLE>
<CAPTION>
25.00
---------------------------------------------------------
Series D-6 Value Percentage
Partner Preferred of of
# Units Series D-6 Series D-6
- --------------------------------------------------------------- ---------------------------------------------------------
<S> <C>
42 Getz, Howard
43 Getz, Sandra
44 Getz, Sandra & Howard
46 Gold, Frederica
176 Ginsberg, Adele
47 Goldberg, Clarence
49 Goldring, Stanley
50 Goldschmidt, Beatrice
52 Goldschmidt, Charles
53 Goldschmidt, Edward
54 Goldschmidt, Lawrence
177 Goldschmidt, Peter
178 Goldschmidt, Richard
220 Gordon, Melvin
55 Gorfinkle, Alaine
56 Gorfinkle, Lawrence
207 Gould Investors, L.P.
58 Green, Bernard
57 Green, Barbara
59 Greif, Goldie
60 Gutenberg, Bernice
48 H L Silbert trustee U/W of H A Goldman
221 Hagler, Philip Trustee Hagler Family Trust u/a 6/98
62 Harteveldt, Robert L.
179 Hassler, Jane
222 Hauser, Rita F.
64 Hirsch, Phillip J.
63 Hirsch, Judith
65 Hrusha, Alan
66 Hutner, Anne Trust F/B/O
37 Fierstein Co.
69 Jaffe, Elizabeth
71 Jones, Hazel
73 Kaufman, Robert M.
74 Klein, Robin
76 Knight, Laureine
77 Komaroff, Stanley
79 Kosloff, Andrea
78 Kosloff, Andrea UGMA for Adam Kosloff
80 Kosloff, Andrea UGMA for Justin Kosloff
246 Koven, Corey
181 Koven , Esther
223 Kramer, Irwin H & Terry Allen JTWROS
1003 Kramer, Irwin H & Terry Allen tt for the Terry Allen
Kramer Trust
84 Kramer, Saul
85 Kuhn, James D.
86 Kuhn, Leo
88 Kurshan, Herbert
224 Langenmyer Co.
89 Lauder, Leonard
90 Lauder, Ronald
91 Leff, Joseph
92 Leff, Valerie
93 Lefkowitz, Howard
95 Liroff, Harriett
96 Liroff, Richard
98 Loewengart, Irene
99 Lovitz, David
187 M. Westport Associates
225 M-L Three
100 Maayan Partners
247 Magid, Eleanore
226 Mahoney, David J.
227 Mank, Edward H.
101 Marvin, Morton
102 Marvin, Suzanne
103 Maynard, Jean
104 Mazer, David
105 Mazer, Richard
228 McKee, William S.
229 Meister, Robert A.
204 Mendik, Bernard
108 Mendik, Susan
212 Mendik, Susan Trust u/w/o Jean A. Batkin
72 L.C. Migdal & Ellin Kalmus, Trustees of Murray
Silberstein
109 Mil Equities
201 Myers Group III, Inc.
202 Myers Group IV, Inc.
230 Myers, Israel
185 Nevas, Alan
186 Nevas, Leo
111 Novick, Lawrence
112 Oestreich, David A.
113 Oestreich, Joan E.
115 Oppenheimer, Martin J.
116 Oppenheimer, Suzanne
210 Phillips, Jonathan
183 Phillips, Lynn
158 Prentice Revocable Trust, 12/12/75
121 Reichler, Richard
</TABLE>
<TABLE>
<CAPTION>
$50.00
----------------------------------------
Series E-1 Value Percentage
Partner Preferred of of
# Units Series E-1 Series E-1
- ---------------------------------------------------- -----------------------------------------
<S> <C> <C> <C>
42 Getz, Howard
43 Getz, Sandra
44 Getz, Sandra & Howard
46 Gold, Frederica
176 Ginsberg, Adele
47 Goldberg, Clarence
49 Goldring, Stanley
50 Goldschmidt, Beatrice
52 Goldschmidt, Charles
53 Goldschmidt, Edward
54 Goldschmidt, Lawrence
177 Goldschmidt, Peter
178 Goldschmidt, Richard
220 Gordon, Melvin
55 Gorfinkle, Alaine
56 Gorfinkle, Lawrence
207 Gould Investors, L.P.
58 Green, Bernard
57 Green, Barbara
59 Greif, Goldie
60 Gutenberg, Bernice
48 H L Silbert trustee U/W of H A Goldman
221 Hagler, Philip Trustee Hagler Family Trust
u/a 6/98
62 Harteveldt, Robert L.
179 Hassler, Jane
222 Hauser, Rita F.
64 Hirsch, Phillip J.
63 Hirsch, Judith
65 Hrusha, Alan
66 Hutner, Anne Trust F/B/O
37 Fierstein Co.
69 Jaffe, Elizabeth
71 Jones, Hazel
73 Kaufman, Robert M.
74 Klein, Robin
76 Knight, Laureine
77 Komaroff, Stanley
79 Kosloff, Andrea
78 Kosloff, Andrea UGMA for Adam Kosloff
80 Kosloff, Andrea UGMA for Justin Kosloff
246 Koven, Corey
181 Koven , Esther
223 Kramer, Irwin H & Terry Allen JTWROS
1003 Kramer, Irwin H & Terry Allen tt for the
Terry Allen Kramer Trust
84 Kramer, Saul
85 Kuhn, James D.
86 Kuhn, Leo
88 Kurshan, Herbert
224 Langenmyer Co.
89 Lauder, Leonard
90 Lauder, Ronald
91 Leff, Joseph
92 Leff, Valerie
93 Lefkowitz, Howard
95 Liroff, Harriett
96 Liroff, Richard
98 Loewengart, Irene
99 Lovitz, David
187 M. Westport Associates
225 M-L Three
100 Maayan Partners
247 Magid, Eleanore
226 Mahoney, David J.
227 Mank, Edward H.
101 Marvin, Morton
102 Marvin, Suzanne
103 Maynard, Jean
104 Mazer, David
105 Mazer, Richard
228 McKee, William S.
229 Meister, Robert A.
204 Mendik, Bernard
108 Mendik, Susan
212 Mendik, Susan Trust u/w/o Jean A. Batkin
72 L.C. Migdal & Ellin Kalmus, Trustees of
Murray Silberstein
109 Mil Equities
201 Myers Group III, Inc.
202 Myers Group IV, Inc.
230 Myers, Israel
185 Nevas, Alan
186 Nevas, Leo
111 Novick, Lawrence
112 Oestreich, David A.
113 Oestreich, Joan E.
115 Oppenheimer, Martin J.
116 Oppenheimer, Suzanne
210 Phillips, Jonathan
183 Phillips, Lynn
158 Prentice Revocable Trust, 12/12/75
121 Reichler, Richard
</TABLE>
<TABLE>
<CAPTION>
$32.88 92.3918%
-----------------------------------------------------------------
Common Units Total Value Percentage
Partner ------------------------- Common Common Common
# A D Units Units Units
- ------------------------------------------------------ -------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
42 Getz, Howard 333 333 $10,949 0.0004%
43 Getz, Sandra 7,328 7,328 $240,945 0.0078%
44 Getz, Sandra & Howard 748 748 $24,594 0.0008%
46 Gold, Frederica 414 414 $13,612 0.0004%
176 Ginsberg, Adele 932 932 $23,300 0.0010%
47 Goldberg, Clarence 916 916 $30,118 0.0010%
49 Goldring, Stanley 10,833 10,833 $356,189 0.0116%
50 Goldschmidt, Beatrice 22,045 22,045 $724,840 0.0235%
52 Goldschmidt, Charles 21 10,752 10,773 $354,216 0.0115%
53 Goldschmidt, Edward 12,842 12,842 $422,245 0.0137%
54 Goldschmidt, Lawrence 21 67,454 67,475 $2,218,578 0.0720%
177 Goldschmidt, Peter 2,796 2,796 $91,932 0.0030%
178 Goldschmidt, Richard 2,796 2,796 $91,932 0.0030%
220 Gordon, Melvin 440 440 $14,467 0.0005%
55 Gorfinkle, Alaine 664 664 $21,832 0.0007%
56 Gorfinkle, Lawrence 21 3,830 3,851 $126,621 0.0041%
207 Gould Investors, L.P. 458,964 458,964 $15,090,736 0.4899%
58 Green, Bernard 8,548 8,548 $281,058 0.0091%
57 Green, Barbara 8,546 8,546 $280,992 0.0091%
59 Greif, Goldie 6,724 6,724 $221,085 0.0072%
60 Gutenberg, Bernice 688 688 $22,621 0.0007%
48 H L Silbert trustee U/W of H A Goldman 38,692 38,692 $1,272,193 0.0413%
221 Hagler, Philip Trustee Hagler Family Trust u/a 6/98 77 14,631 14,708 $483,599 0.0157%
62 Harteveldt, Robert L. 5,128 5,128 $168,609 0.0055%
179 Hassler, Jane 2,797 2,797 $91,965 0.0030%
222 Hauser, Rita F. 1,760 1,760 $57,869 0.0019%
64 Hirsch, Phillip J. 338 338 $11,113 0.0004%
63 Hirsch, Judith 338 338 $11,113 0.0004%
65 Hrusha, Alan 1,844 1,844 $60,631 0.0020%
66 Hutner, Anne Trust F/B/O 15,944 15,944 $524,239 0.0170%
37 Fierstein Co. 28,415 28,415 $934,285 0.0303%
69 Jaffe, Elizabeth 76 76 $2,499 0.0001%
71 Jones, Hazel 2,496 2,496 $82,068 0.0027%
73 Kaufman, Robert M. 338 338 $11,113 0.0004%
74 Klein, Robin 3,364 3,364 $110,608 0.0036%
76 Knight, Laureine 10,242 10,242 $336,757 0.0109%
77 Komaroff, Stanley 576 576 $18,939 0.0006%
79 Kosloff, Andrea 78 78 $2,565 0.0001%
78 Kosloff, Andrea UGMA for Adam Kosloff 2,116 2,116 $69,574 0.0023%
80 Kosloff, Andrea UGMA for Justin Kosloff 2,116 2,116 $69,574 0.0023%
246 Koven, Corey 2,791 2,791 $91,768 0.0030%
181 Koven , Esther 14,400 14,400 $473,472 0.0154%
223 Kramer, Irwin H & Terry Allen JTWROS 1,760 1,760 $57,869 0.0019%
1003 Kramer, Irwin H & Terry Allen tt for the Terry
Allen Kramer Trust 1,760 1,760 $57,869 0.0019%
84 Kramer, Saul 652 652 $21,438 0.0007%
85 Kuhn, James D. 153,271 153,271 $5,039,550 0.1636%
86 Kuhn, Leo 902 902 $29,658 0.0010%
88 Kurshan, Herbert 2,496 2,496 $82,068 0.0027%
224 Langenmyer Co. 880 880 $28,934 0.0009%
89 Lauder, Leonard 4,660 4,660 $153,221 0.0050%
90 Lauder, Ronald 4,660 4,660 $153,221 0.0050%
91 Leff, Joseph 3,364 3,364 $110,608 0.0036%
92 Leff, Valerie 3,364 3,364 $110,608 0.0036%
93 Lefkowitz, Howard 414 414 $13,612 0.0004%
95 Liroff, Harriett 12,166 12,166 $400,018 0.0130%
96 Liroff, Richard 1,532 1,532 $50,372 0.0016%
98 Loewengart, Irene 1,664 1,664 $54,712 0.0018%
99 Lovitz, David 2,244 2,244 $73,783 0.0024%
187 M. Westport Associates 1,365 1,365 $44,881 0.0015%
225 M-L Three 1,760 1,760 $57,869 0.0019%
100 Maayan Partners 9,616 9,616 $316,174 0.0103%
247 Magid, Eleanore 2,326 2,326 $76,479 0.0025%
226 Mahoney, David J. 1,760 1,760 $57,869 0.0019%
227 Mank, Edward H. 1,760 1,760 $57,869 0.0019%
101 Marvin, Morton 914 914 $30,052 0.0010%
102 Marvin, Suzanne 76 76 $2,499 0.0001%
103 Maynard, Jean 2,304 2,304 $75,756 0.0025%
104 Mazer, David 6,724 6,724 $221,085 0.0072%
105 Mazer, Richard 6,724 6,724 $221,085 0.0072%
228 McKee, William S. 264 264 $8,680 0.0003%
229 Meister, Robert A. 880 880 $28,934 0.0009%
204 Mendik, Bernard 0 0 $0 0.0000%
108 Mendik, Susan 976 930 1,906 $62,669 0.0020%
212 Mendik, Susan Trust u/w/o Jean A. Batkin 58 4,474 4,532 $149,012 0.0048%
72 L.C. Migdal & Ellin Kalmus, Trustees of
Murray Silberstein 10,256 10,256 $337,217 0.0109%
109 Mil Equities 6,667 6,667 $219,211 0.0071%
201 Myers Group III, Inc. 17,641 17,641 $580,036 0.0188%
202 Myers Group IV, Inc. 126,979 126,979 $4,175,070 0.1355%
230 Myers, Israel 880 880 $28,934 0.0009%
185 Nevas, Alan 1,636 1,636 $53,792 0.0017%
186 Nevas, Leo 3,271 3,271 $107,550 0.0035%
111 Novick, Lawrence 154 154 $5,064 0.0002%
112 Oestreich, David A. 43 38,808 38,851 $1,277,421 0.0415%
113 Oestreich, Joan E. 43 38,802 38,845 $1,277,224 0.0415%
115 Oppenheimer, Martin J. 338 338 $11,113 0.0004%
116 Oppenheimer, Suzanne 338 338 $11,113 0.0004%
210 Phillips, Jonathan 3,364 3,364 $110,608 0.0036%
183 Phillips, Lynn 3,364 3,364 $110,608 0.0036%
158 Prentice Revocable Trust, 12/12/75 2,601 2,601 $85,521 0.0028%
121 Reichler, Richard 5,400 5,400 $177,552 0.0058%
</TABLE>
<TABLE>
<CAPTION>
---------------------------------------------------
Total Total Percentage
Units Value Interest
- -------------------------------------------------------------------------------------------------- ----------------- -----------
<S> <C> <C> <C>
42 Getz, Howard 333 $10,949 0.0002%
43 Getz, Sandra 7,328 $240,945 0.0053%
44 Getz, Sandra & Howard 748 $24,594 0.0005%
46 Gold, Frederica 414 $13,612 0.0003%
176 Ginsberg, Adele 932 $23,300 0.0005%
47 Goldberg, Clarence 916 $30,118 0.0007%
49 Goldring, Stanley 10,833 $356,189 0.0078%
50 Goldschmidt, Beatrice 22,045 $724,840 0.0158%
52 Goldschmidt, Charles 10,773 $354,216 0.0077%
53 Goldschmidt, Edward 12,842 $422,245 0.0092%
54 Goldschmidt, Lawrence 67,475 $2,218,578 0.0484%
177 Goldschmidt, Peter 2,796 $91,932 0.0020%
178 Goldschmidt, Richard 2,796 $91,932 0.0020%
220 Gordon, Melvin 440 $14,467 0.0003%
55 Gorfinkle, Alaine 664 $21,832 0.0005%
56 Gorfinkle, Lawrence 3,851 $126,621 0.0028%
207 Gould Investors, L.P. 458,964 $15,090,736 0.3295%
58 Green, Bernard 8,548 $281,058 0.0061%
57 Green, Barbara 8,546 $280,992 0.0061%
59 Greif, Goldie 6,724 $221,085 0.0048%
60 Gutenberg, Bernice 688 $22,621 0.0005%
48 H L Silbert trustee U/W of H A Goldman 38,692 $1,272,193 0.0278%
221 Hagler, Philip Trustee Hagler Family Trust u/a 6/98 14,708 $483,599 0.0106%
62 Harteveldt, Robert L. 5,128 $168,609 0.0037%
179 Hassler, Jane 2,797 $91,965 0.0020%
222 Hauser, Rita F. 1,760 $57,869 0.0013%
64 Hirsch, Phillip J. 338 $11,113 0.0002%
63 Hirsch, Judith 338 $11,113 0.0002%
65 Hrusha, Alan 1,844 $60,631 0.0013%
66 Hutner, Anne Trust F/B/O 15,944 $524,239 0.0114%
37 Fierstein Co. 28,415 $934,285 0.0204%
69 Jaffe, Elizabeth 76 $2,499 0.0001%
71 Jones, Hazel 2,496 $82,068 0.0018%
73 Kaufman, Robert M. 338 $11,113 0.0002%
74 Klein, Robin 3,364 $110,608 0.0024%
76 Knight, Laureine 10,242 $336,757 0.0074%
77 Komaroff, Stanley 576 $18,939 0.0004%
79 Kosloff, Andrea 78 $2,565 0.0001%
78 Kosloff, Andrea UGMA for Adam Kosloff 2,116 $69,574 0.0015%
80 Kosloff, Andrea UGMA for Justin Kosloff 2,116 $69,574 0.0015%
246 Koven, Corey 2,791 $91,768 0.0020%
181 Koven , Esther 14,400 $473,472 0.0103%
223 Kramer, Irwin H & Terry Allen JTWROS 1,760 $57,869 0.0013%
1003 Kramer, Irwin H & Terry Allen tt for the Terry Allen Kramer Trust 1,760 $57,869 0.0013%
84 Kramer, Saul 652 $21,438 0.0005%
85 Kuhn, James D. 153,271 $5,039,550 0.1100%
86 Kuhn, Leo 902 $29,658 0.0006%
88 Kurshan, Herbert 2,496 $82,068 0.0018%
224 Langenmyer Co. 880 $28,934 0.0006%
89 Lauder, Leonard 4,660 $153,221 0.0033%
90 Lauder, Ronald 4,660 $153,221 0.0033%
91 Leff, Joseph 3,364 $110,608 0.0024%
92 Leff, Valerie 3,364 $110,608 0.0024%
93 Lefkowitz, Howard 414 $13,612 0.0003%
95 Liroff, Harriett 12,166 $400,018 0.0087%
96 Liroff, Richard 1,532 $50,372 0.0011%
98 Loewengart, Irene 1,664 $54,712 0.0012%
99 Lovitz, David 2,244 $73,783 0.0016%
187 M. Westport Associates 1,365 $44,881 0.0010%
225 M-L Three 1,760 $57,869 0.0013%
100 Maayan Partners 9,616 $316,174 0.0069%
247 Magid, Eleanore 2,326 $76,479 0.0017%
226 Mahoney, David J. 1,760 $57,869 0.0013%
227 Mank, Edward H. 1,760 $57,869 0.0013%
101 Marvin, Morton 914 $30,052 0.0007%
102 Marvin, Suzanne 76 $2,499 0.0001%
103 Maynard, Jean 2,304 $75,756 0.0017%
104 Mazer, David 6,724 $221,085 0.0048%
105 Mazer, Richard 6,724 $221,085 0.0048%
228 McKee, William S. 264 $8,680 0.0002%
229 Meister, Robert A. 880 $28,934 0.0006%
204 Mendik, Bernard 0 $0 0.0000%
108 Mendik, Susan 1,906 $62,669 0.0014%
212 Mendik, Susan Trust u/w/o Jean A. Batkin 4,532 $149,012 0.0033%
72 L.C. Migdal & Ellin Kalmus, Trustees of Murray Silberstein 10,256 $337,217 0.0074%
109 Mil Equities 6,667 $219,211 0.0048%
201 Myers Group III, Inc. 17,641 $580,036 0.0127%
202 Myers Group IV, Inc. 126,979 $4,175,070 0.0911%
230 Myers, Israel 880 $28,934 0.0006%
185 Nevas, Alan 1,636 $53,792 0.0012%
186 Nevas, Leo 3,271 $107,550 0.0023%
111 Novick, Lawrence 154 $5,064 0.0001%
112 Oestreich, David A. 38,851 $1,277,421 0.0279%
113 Oestreich, Joan E. 38,845 $1,277,224 0.0279%
115 Oppenheimer, Martin J. 338 $11,113 0.0002%
116 Oppenheimer, Suzanne 338 $11,113 0.0002%
210 Phillips, Jonathan 3,364 $110,608 0.0024%
183 Phillips, Lynn 3,364 $110,608 0.0024%
158 Prentice Revocable Trust, 12/12/75 2,601 $85,521 0.0019%
121 Reichler, Richard 5,400 $177,552 0.0039%
</TABLE>
<PAGE> 26
<TABLE>
<CAPTION>
$25.00
-------------------------------------------------
Series D-3 Value Percentage
Partner Preferred of of
# Units Series D-3 Series D-3
- ---------------------------------------------------------------------- -------------------------------------------------
<S> <C> <C> <C>
122 Reingold, Suzy
123 Roberts, H. Richard
124 Roche, Sara
125 Rolfe, Ronald
231 Root, Leon
126 Rosenberg, Ilse
97 Rosenheim, Edna Revocable Living Trust
127 Rosenzveig, Abraham
128 Rubashkin, Martin
129 Rubin, Murray M.
130 Sahid, Joseph
132 Saunders, Paul
131 Saul, Andrew
133 Schacht, Ronald
135 Schwartz, Samuel Trust UWO Barbara Schwartz
139 Schwartz, Samuel Trust FBO UWO Ellis Schwartz
136 Schwartz, Carolynn Trust FBO UWO Barbara Schwartz
138 Schwartz, Carolynn Trust FBO UWO Ellis Schwartz
140 Shapiro, Howard
142 Shapiro, Robert I.
143 Shasha, Alfred
144 Shasha, Alfred A. & Hanina
145 Shasha, Alfred & Hanina Trustees UTA 6/8/94
146 Shasha, Robert Y.
87 Shasha-Kupchick, Leslie
147 Sheridan Family Partners, L.P.
148 Shine, William
232 Shuman, Stanley S.
149 Silberstein, John J.
150 Silbert, Harvey I.
248 Simons, Robert - Estate of
152 Sims, David
233 Skoker, Saul
154 Steiner, Phillip Harry
155 Steiner, Richard Harris
234 Strauss, Melville
249 Sussman, Walter
156 Tannenbaum, Bernard
157 Tannenbaum, Bernice
159 Tartikoff Living Trust
235 Tessler, Allan R.
164 Winik, Trust U/W/O Carolyn
161 Watt, Emily
160 Wang, Kevin
162 Weissman, Sheila
236 Wexler, Monte
237 Wexner, Leslie H.
163 Williams, John
238 WSNH Partners
---------- ------------ ------
TOTAL 8,000,000 $200,000,000 100.00%
---------- ------------ ------
</TABLE>
<TABLE>
<CAPTION>
$25.00
------------------------------------------------
Series D-4 Value Percentage
Partner Preferred of of
# Units Series D-4 Series D-4
- ------------------------------------------------------------------------- ------------------------------------------------
<S> <C> <C> <C>
122 Reingold, Suzy
123 Roberts, H. Richard
124 Roche, Sara
125 Rolfe, Ronald
231 Root, Leon
126 Rosenberg, Ilse
97 Rosenheim, Edna Revocable Living Trust
127 Rosenzveig, Abraham
128 Rubashkin, Martin
129 Rubin, Murray M.
130 Sahid, Joseph
132 Saunders, Paul
131 Saul, Andrew
133 Schacht, Ronald
135 Schwartz, Samuel Trust UWO Barbara Schwartz
139 Schwartz, Samuel Trust FBO UWO Ellis Schwartz
136 Schwartz, Carolynn Trust FBO UWO Barbara Schwartz
138 Schwartz, Carolynn Trust FBO UWO Ellis Schwartz
140 Shapiro, Howard
142 Shapiro, Robert I.
143 Shasha, Alfred
144 Shasha, Alfred A. & Hanina
145 Shasha, Alfred & Hanina Trustees UTA 6/8/94
146 Shasha, Robert Y.
87 Shasha-Kupchick, Leslie
147 Sheridan Family Partners, L.P.
148 Shine, William
232 Shuman, Stanley S.
149 Silberstein, John J.
150 Silbert, Harvey I.
248 Simons, Robert - Estate of
152 Sims, David
233 Skoker, Saul
154 Steiner, Phillip Harry
155 Steiner, Richard Harris
234 Strauss, Melville
249 Sussman, Walter
156 Tannenbaum, Bernard
157 Tannenbaum, Bernice
159 Tartikoff Living Trust
235 Tessler, Allan R.
164 Winik, Trust U/W/O Carolyn
161 Watt, Emily
160 Wang, Kevin
162 Weissman, Sheila
236 Wexler, Monte
237 Wexner, Leslie H.
163 Williams, John
238 WSNH Partners
---------- ------------ ------
TOTAL 5,000,000 $125,000,000 100.00%
---------- ------------ ------
</TABLE>
<TABLE>
<CAPTION>
$25.00
---------------------------------------------------
Series D-5 Value Percentage
Partner Preferred of of
# Units Series D-5 Series D-5
- ------------------------------------------------------------------------- -----------------------------------------------------
<S> <C> <C> <C>
122 Reingold, Suzy
123 Roberts, H. Richard
124 Roche, Sara
125 Rolfe, Ronald
231 Root, Leon
126 Rosenberg, Ilse
97 Rosenheim, Edna Revocable Living Trust
127 Rosenzveig, Abraham
128 Rubashkin, Martin
129 Rubin, Murray M.
130 Sahid, Joseph
132 Saunders, Paul
131 Saul, Andrew
133 Schacht, Ronald
135 Schwartz, Samuel Trust UWO Barbara Schwartz
139 Schwartz, Samuel Trust FBO UWO Ellis Schwartz
136 Schwartz, Carolynn Trust FBO UWO Barbara Schwartz
138 Schwartz, Carolynn Trust FBO UWO Ellis Schwartz
140 Shapiro, Howard
142 Shapiro, Robert I.
143 Shasha, Alfred
144 Shasha, Alfred A. & Hanina
145 Shasha, Alfred & Hanina Trustees UTA 6/8/94
146 Shasha, Robert Y.
87 Shasha-Kupchick, Leslie
147 Sheridan Family Partners, L.P.
148 Shine, William
232 Shuman, Stanley S.
149 Silberstein, John J.
150 Silbert, Harvey I.
248 Simons, Robert - Estate of
152 Sims, David
233 Skoker, Saul
154 Steiner, Phillip Harry
155 Steiner, Richard Harris
234 Strauss, Melville
249 Sussman, Walter
156 Tannenbaum, Bernard
157 Tannenbaum, Bernice
159 Tartikoff Living Trust
235 Tessler, Allan R.
164 Winik, Trust U/W/O Carolyn
161 Watt, Emily
160 Wang, Kevin
162 Weissman, Sheila
236 Wexler, Monte
237 Wexner, Leslie H.
163 Williams, John
238 WSNH Partners
---------- ------------ ------
TOTAL 7,480,000 $187,000,000 100.00%
---------- ------------ ------
</TABLE>
<TABLE>
<CAPTION>
$25.00
--------------------------------------------------
Series D-6 Value Percentage
Partner Preferred of of
# Units Series D-6 Series D-6
- --------------------------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
122 Reingold, Suzy
123 Roberts, H. Richard
124 Roche, Sara
125 Rolfe, Ronald
231 Root, Leon
126 Rosenberg, Ilse
97 Rosenheim, Edna Revocable Living Trust
127 Rosenzveig, Abraham
128 Rubashkin, Martin
129 Rubin, Murray M.
130 Sahid, Joseph
132 Saunders, Paul
131 Saul, Andrew
133 Schacht, Ronald
135 Schwartz, Samuel Trust UWO Barbara Schwartz
139 Schwartz, Samuel Trust FBO UWO Ellis Schwartz
136 Schwartz, Carolynn Trust FBO UWO Barbara Schwartz
138 Schwartz, Carolynn Trust FBO UWO Ellis Schwartz
140 Shapiro, Howard
142 Shapiro, Robert I.
143 Shasha, Alfred
144 Shasha, Alfred A. & Hanina
145 Shasha, Alfred & Hanina Trustees UTA 6/8/94
146 Shasha, Robert Y.
87 Shasha-Kupchick, Leslie
147 Sheridan Family Partners, L.P.
148 Shine, William
232 Shuman, Stanley S.
149 Silberstein, John J.
150 Silbert, Harvey I.
248 Simons, Robert - Estate of
152 Sims, David
233 Skoker, Saul
154 Steiner, Phillip Harry
155 Steiner, Richard Harris
234 Strauss, Melville
249 Sussman, Walter
156 Tannenbaum, Bernard
157 Tannenbaum, Bernice
159 Tartikoff Living Trust
235 Tessler, Allan R.
164 Winik, Trust U/W/O Carolyn
161 Watt, Emily
160 Wang, Kevin
162 Weissman, Sheila
236 Wexler, Monte
237 Wexner, Leslie H.
163 Williams, John
238 WSNH Partners
-------- ----------- ------
TOTAL 840,000 $21,000,000 100.00%
-------- ----------- ------
</TABLE>
<TABLE>
<CAPTION>
$50.00
--------------------------------------------------
Series E-1 Value Percentage
Partner Preferred of of
# Units Series E-1 Series E-1
- ---------------------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
122 Reingold, Suzy
123 Roberts, H. Richard
124 Roche, Sara
125 Rolfe, Ronald
231 Root, Leon
126 Rosenberg, Ilse
97 Rosenheim, Edna Revocable Living Trust
127 Rosenzveig, Abraham
128 Rubashkin, Martin
129 Rubin, Murray M.
130 Sahid, Joseph
132 Saunders, Paul
131 Saul, Andrew
133 Schacht, Ronald
135 Schwartz, Samuel Trust UWO Barbara Schwartz
139 Schwartz, Samuel Trust FBO UWO Ellis Schwartz
136 Schwartz, Carolynn Trust FBO UWO Barbara Schwartz
138 Schwartz, Carolynn Trust FBO UWO Ellis Schwartz
140 Shapiro, Howard
142 Shapiro, Robert I.
143 Shasha, Alfred
144 Shasha, Alfred A. & Hanina
145 Shasha, Alfred & Hanina Trustees UTA 6/8/94
146 Shasha, Robert Y.
87 Shasha-Kupchick, Leslie
147 Sheridan Family Partners, L.P.
148 Shine, William
232 Shuman, Stanley S.
149 Silberstein, John J.
150 Silbert, Harvey I.
248 Simons, Robert - Estate of
152 Sims, David
233 Skoker, Saul
154 Steiner, Phillip Harry
155 Steiner, Richard Harris
234 Strauss, Melville
249 Sussman, Walter
156 Tannenbaum, Bernard
157 Tannenbaum, Bernice
159 Tartikoff Living Trust
235 Tessler, Allan R.
164 Winik, Trust U/W/O Carolyn
161 Watt, Emily
160 Wang, Kevin
162 Weissman, Sheila
236 Wexler, Monte
237 Wexner, Leslie H.
163 Williams, John
238 WSNH Partners
---------- ------------ ------
TOTAL 4,998,000 $249,900,000 100.00%
---------- ------------ ------
</TABLE>
<TABLE>
<CAPTION>
$32.88
---------------------------------------------------
Common Units Total
Partner ------------------------ Common
# A D Units
- --------------------------------------------------------------------- --------------------------------------------------
<S> <C> <C> <C>
122 Reingold, Suzy 224 4,888 5,112
123 Roberts, H. Richard 39,426 39,426
124 Roche, Sara 3,364 3,364
125 Rolfe, Ronald 1,844 1,844
231 Root, Leon 440 440
126 Rosenberg, Ilse 576 576
97 Rosenheim, Edna Revocable Living Trust 1,124 1,124
127 Rosenzveig, Abraham 3,744 3,744
128 Rubashkin, Martin 460 460
129 Rubin, Murray M. 3,364 3,364
130 Sahid, Joseph 1,844 1,844
132 Saunders, Paul 1,844 1,844
131 Saul, Andrew 20,196 20,196
133 Schacht, Ronald 988 988
135 Schwartz, Samuel Trust UWO Barbara Schwartz 4,278 4,278
139 Schwartz, Samuel Trust FBO UWO Ellis Schwartz 256 256
136 Schwartz, Carolynn Trust FBO UWO Barbara Schwartz 4,278 4,278
138 Schwartz, Carolynn Trust FBO UWO Ellis Schwartz 256 256
140 Shapiro, Howard 932 932
142 Shapiro, Robert I. 3,364 3,364
143 Shasha, Alfred 5,770 5,770
144 Shasha, Alfred A. & Hanina 7,484 7,484
145 Shasha, Alfred & Hanina Trustees UTA 6/8/94 13,676 13,676
146 Shasha, Robert Y. 1,710 1,710
87 Shasha-Kupchick, Leslie 3,418 3,418
147 Sheridan Family Partners, L.P. 15,944 15,944
148 Shine, William 2,766 2,766
232 Shuman, Stanley S. 1,760 1,760
149 Silberstein, John J. 75,140 75,140
150 Silbert, Harvey I. 57,409 57,409
248 Simons, Robert - Estate of 3,364 3,364
152 Sims, David 52,938 52,938
233 Skoker, Saul 880 880
154 Steiner, Phillip Harry 1,124 1,124
155 Steiner, Richard Harris 1,124 1,124
234 Strauss, Melville 880 880
249 Sussman, Walter 930 930
156 Tannenbaum, Bernard 912 912
157 Tannenbaum, Bernice 76 76
159 Tartikoff Living Trust 3,364 3,364
235 Tessler, Allan R. 880 880
164 Winik, Trust U/W/O Carolyn 3,364 3,364
161 Watt, Emily 1,332 1,332
160 Wang, Kevin 72,458 72,458
162 Weissman, Sheila 664 664
236 Wexler, Monte 176 176
237 Wexner, Leslie H. 10,563 10,563
163 Williams, John 2,244 2,244
238 WSNH Partners 2,641 2,641
----- ----- -----
TOTAL 92,805,497 876,543 93,682,040
---------- ------- ----------
</TABLE>
<TABLE>
<CAPTION>
92.3918%
-----------------------------------------------------
Value Percentage
Partner Common Common Total
# Units Units Units
- ---------------------------------------------------------------------- ---------------- ------------ -----------
<S> <C> <C> <C>
122 Reingold, Suzy $168,083 0.0055% 5,112
123 Roberts, H. Richard $1,296,327 0.0421% 39,426
124 Roche, Sara $110,608 0.0036% 3,364
125 Rolfe, Ronald $60,631 0.0020% 1,844
231 Root, Leon $14,467 0.0005% 440
126 Rosenberg, Ilse $18,939 0.0006% 576
97 Rosenheim, Edna Revocable Living Trust $36,957 0.0012% 1,124
127 Rosenzveig, Abraham $123,103 0.0040% 3,744
128 Rubashkin, Martin $15,125 0.0005% 460
129 Rubin, Murray M. $110,608 0.0036% 3,364
130 Sahid, Joseph $60,631 0.0020% 1,844
132 Saunders, Paul $60,631 0.0020% 1,844
131 Saul, Andrew $664,044 0.0216% 20,196
133 Schacht, Ronald $32,485 0.0011% 988
135 Schwartz, Samuel Trust UWO Barbara Schwartz $140,661 0.0046% 4,278
139 Schwartz, Samuel Trust FBO UWO Ellis Schwartz $8,417 0.0003% 256
136 Schwartz, Carolynn Trust FBO UWO Barbara Schwartz $140,661 0.0046% 4,278
138 Schwartz, Carolynn Trust FBO UWO Ellis Schwartz $8,417 0.0003% 256
140 Shapiro, Howard $30,644 0.0010% 932
142 Shapiro, Robert I. $110,608 0.0036% 3,364
143 Shasha, Alfred $189,718 0.0062% 5,770
144 Shasha, Alfred A. & Hanina $246,074 0.0080% 7,484
145 Shasha, Alfred & Hanina Trustees UTA 6/8/94 $449,667 0.0146% 13,676
146 Shasha, Robert Y. $56,225 0.0018% 1,710
87 Shasha-Kupchick, Leslie $112,384 0.0036% 3,418
147 Sheridan Family Partners, L.P. $524,239 0.0170% 15,944
148 Shine, William $90,946 0.0030% 2,766
232 Shuman, Stanley S. $57,869 0.0019% 1,760
149 Silberstein, John J. $2,470,603 0.0802% 75,140
150 Silbert, Harvey I. $1,887,608 0.0613% 57,409
248 Simons, Robert - Estate of $110,608 0.0036% 3,364
152 Sims, David $1,740,601 0.0565% 52,938
233 Skoker, Saul $28,934 0.0009% 880
154 Steiner, Phillip Harry $36,957 0.0012% 1,124
155 Steiner, Richard Harris $36,957 0.0012% 1,124
234 Strauss, Melville $28,934 0.0009% 880
249 Sussman, Walter $30,578 0.0010% 930
156 Tannenbaum, Bernard $29,987 0.0010% 912
157 Tannenbaum, Bernice $2,499 0.0001% 76
159 Tartikoff Living Trust $110,608 0.0036% 3,364
235 Tessler, Allan R. $28,934 0.0009% 880
164 Winik, Trust U/W/O Carolyn $110,608 0.0036% 3,364
161 Watt, Emily $43,796 0.0014% 1,332
160 Wang, Kevin $2,382,419 0.0773% 72,458
162 Weissman, Sheila $21,832 0.0007% 664
236 Wexler, Monte $5,787 0.0002% 176
237 Wexner, Leslie H. $347,311 0.0113% 10,563
163 Williams, John $73,783 0.0024% 2,244
238 WSNH Partners $86,836 0.0028% 2,641
------- ------ -----
TOTAL 3,080,222,403 100.0000% 139,935,876
------------- -------- -----------
</TABLE>
<TABLE>
<CAPTION>
-------------------------------------
Partner Total Percentage
# Value Interest
- ----------------------------------------------------------------------------- ------------------ --------------
<S> <C> <C>
122 Reingold, Suzy $168,083 0.0037%
123 Roberts, H. Richard $1,296,327 0.0283%
124 Roche, Sara $110,608 0.0024%
125 Rolfe, Ronald $60,631 0.0013%
231 Root, Leon $14,467 0.0003%
126 Rosenberg, Ilse $18,939 0.0004%
97 Rosenheim, Edna Revocable Living Trust $36,957 0.0008%
127 Rosenzveig, Abraham $123,103 0.0027%
128 Rubashkin, Martin $15,125 0.0003%
129 Rubin, Murray M. $110,608 0.0024%
130 Sahid, Joseph $60,631 0.0013%
132 Saunders, Paul $60,631 0.0013%
131 Saul, Andrew $664,044 0.0145%
133 Schacht, Ronald $32,485 0.0007%
135 Schwartz, Samuel Trust UWO Barbara Schwartz $140,661 0.0031%
139 Schwartz, Samuel Trust FBO UWO Ellis Schwartz $8,417 0.0002%
136 Schwartz, Carolynn Trust FBO UWO Barbara Schwartz $140,661 0.0031%
138 Schwartz, Carolynn Trust FBO UWO Ellis Schwartz $8,417 0.0002%
140 Shapiro, Howard $30,644 0.0007%
142 Shapiro, Robert I. $110,608 0.0024%
143 Shasha, Alfred $189,718 0.0041%
144 Shasha, Alfred A. & Hanina $246,074 0.0054%
145 Shasha, Alfred & Hanina Trustees UTA 6/8/94 $449,667 0.0098%
146 Shasha, Robert Y. $56,225 0.0012%
87 Shasha-Kupchick, Leslie $112,384 0.0025%
147 Sheridan Family Partners, L.P. $524,239 0.0114%
148 Shine, William $90,946 0.0020%
232 Shuman, Stanley S. $57,869 0.0013%
149 Silberstein, John J. $2,470,603 0.0539%
150 Silbert, Harvey I. $1,887,608 0.0412%
248 Simons, Robert - Estate of $110,608 0.0024%
152 Sims, David $1,740,601 0.0380%
233 Skoker, Saul $28,934 0.0006%
154 Steiner, Phillip Harry $36,957 0.0008%
155 Steiner, Richard Harris $36,957 0.0008%
234 Strauss, Melville $28,934 0.0006%
249 Sussman, Walter $30,578 0.0007%
156 Tannenbaum, Bernard $29,987 0.0007%
157 Tannenbaum, Bernice $2,499 0.0001%
159 Tartikoff Living Trust $110,608 0.0024%
235 Tessler, Allan R. $28,934 0.0006%
164 Winik, Trust U/W/O Carolyn $110,608 0.0024%
161 Watt, Emily $43,796 0.0010%
160 Wang, Kevin $2,382,419 0.0520%
162 Weissman, Sheila $21,832 0.0005%
236 Wexler, Monte $5,787 0.0001%
237 Wexner, Leslie H. $347,311 0.0076%
163 Williams, John $73,783 0.0016%
238 WSNH Partners $86,836 0.0019%
------- ------
TOTAL $4,580,461,245 100.0000%
-------------- --------
</TABLE>
<TABLE>
<S> <C>
Common Units
Vornado 86,554,536
Original Mendik Partners 4,443,674
Newkirk Partners 1,435,584
Kennedy Partners 419,915
Freezer Services Partners 144,620
Westport Partners 6,272
770 Broadway Partner 458,964
20 Broad Partners 16,064
High Point Partners 202,411
----------
93,682,040
==========
</TABLE>
