SEC Info - Vornado Realty Trust - ‘10-K’ for 12/31/09

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Vornado Realty Trust – ‘10-K’ for 12/31/09 – ‘XML.R19’

On: Tuesday, 2/23/10, at 8:44am ET · For: 12/31/09 · Accession #: 899689-10-4 · File #: 1-11954

  As Of               Filer                 Filing    For·On·As Docs:Size

 2/23/10  Vornado Realty Trust              10-K       12/31/09   49:29M

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   7.62M 
 3: EX-21       Subsidiaries List                                   HTML    504K 
 4: EX-23       Consent of Experts or Counsel                       HTML     22K 
 2: EX-12       Statement re: Computation of Ratios                 HTML     57K 
 5: EX-31       Certification -- §302 - SOA'02                      HTML     21K 
 6: EX-31       Certification -- §302 - SOA'02                      HTML     21K 
 7: EX-32       Certification -- §906 - SOA'02                      HTML     18K 
 8: EX-32       Certification -- §906 - SOA'02                      HTML     18K 
39: XML         IDEA XML File -- Definitions and References          XML    143K 
45: XML         IDEA XML File -- Filing Summary                      XML     73K 
43: XML.R1      Consolidated Balance Sheets                          XML    385K 
44: XML.R2      Consolidated Balance Sheets [Parentheticals]         XML    168K 
26: XML.R3      Consolidated Statements of Income                    XML    331K 
31: XML.R4      Consolidated Statements of Income [Parentheticals]   XML     48K 
37: XML.R5      Consolidated Statements of Changes in Equity         XML    673K 
36: XML.R6      Consolidated Statements of Cash Flows                XML    688K 
48: XML.R7      Consolidated Statements of Cash Flows                XML     48K 
                [Parentheticals]                                                 
20: XML.R8      Organization and Business                            XML     40K 
35: XML.R9      Basis of Presentation and Significant Accounting     XML    200K 
                Policies                                                         
18: XML.R10     Investments in Partially Owned Entities              XML    481K 
17: XML.R11     Marketable Securities                                XML     64K 
25: XML.R12     Mezzanine Loans Receivable                           XML     95K 
41: XML.R13     Identified Intangible Assets                         XML    110K 
27: XML.R14     Debt                                                 XML    651K 
28: XML.R15     Redeemable Noncontrolling Interests                  XML    114K 
33: XML.R16     Shareholders' Equity                                 XML     61K 
49: XML.R17     Fair Value Measurements                              XML    136K 
23: XML.R18     Discontinued Operations                              XML     72K 
15: XML.R19     Stock-based Compensation                             XML    121K 
30: XML.R20     Fee and Other Income                                 XML     52K 
40: XML.R21     Interest and Other Investment (Loss) Income, net     XML     66K 
21: XML.R22     Income Per Share                                     XML    113K 
38: XML.R23     Comprehensive Income                                 XML     50K 
29: XML.R24     Leases                                               XML     92K 
47: XML.R25     Commitments and Contingencies                        XML     46K 
42: XML.R26     Related Party Transactions                           XML     36K 
32: XML.R27     Retirement Plans                                     XML     33K 
34: XML.R28     Summary of Quarterly Results (Unaudited)             XML     83K 
16: XML.R29     Segment Information                                  XML    970K 
19: XML.R30     Schedule II - Valuation and Qualifying Accounts      XML     75K 
22: XML.R31     Schedule III - Real Estate and Accumulated           XML   3.22M 
                Depreciation                                                     
24: XML.R32     Document and Entity Information                      XML    107K 
46: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    183K 
 9: EX-101.INS  XBRL Instance -- vno-20091231                        XML   6.59M 
11: EX-101.CAL  XBRL Calculations -- vno-20091231_cal                XML    166K 
12: EX-101.DEF  XBRL Definitions -- vno-20091231_def                 XML    633K 
13: EX-101.LAB  XBRL Labels -- vno-20091231_lab                      XML    597K 
14: EX-101.PRE  XBRL Presentations -- vno-20091231_pre               XML    396K 
10: EX-101.SCH  XBRL Schema -- vno-20091231                          XSD    104K

‘XML.R19’ — Stock-based Compensation

This Financial Report is an XBRL XML File.

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<div> <div><div><div style="font-family: 'Times New Roman', serif;"> 12. Stock-based Compensation Our Share Option Plan (the “Plan”) provides for grants of incentive and non-qualified stock options, restricted stock, restricted Operating Partnership units and out-performance plan awards. We have approximately 4,854,000 shares available for future grant under the Plan at December 31, 2009. During the first quarter of 2009, our nine most senior executives voluntarily surrendered their 2008 out-performance plan awards and their 2007 and 2008 stock option awards. Accordingly, we recognized $32,588,000 of expense, representing the unamortized portion of these awards, which is included in “general and administrative expenses” on our consolidated statement of income. As a result of these surrenders, stock-based compensation expense will be approximately $9,400,000, $9,400,000, $5,700,000 and $1,000,000 lower in 2010, 2011, 2012 and 2013, respectively. <h3 style="text-indent: 17.95pt; margin: 0in 0in 0pt; mso-char-indent-count: 1.89;">Out-Performance Plans</h3> On March 31, 2008, the Compensation Committee of our Board of Trustees approved a $75,000,000 out-performance plan (the “2008 OPP”). Under the 2008 OPP, the total return to our shareholders (the “Total Return”) resulting from both share appreciation and dividends for the four-year period from March 31, 2008 to March 31, 2012 must exceed both an absolute and a relative hurdle. The initial value from which to determine the Total Return is $86.20 per share, a 0.93% premium to the trailing 10-day average closing price on the New York Stock Exchange for our common shares on the date the plan was adopted. During the four-year performance period, participants are entitled to receive 10% of the common dividends paid on Vornado’s common shares for each 2008 OPP unit awarded, regardless of whether the units are ultimately earned. The fair value of the 2008 OPP awards on the date of grant, as adjusted for estimated forfeitures, was approximately $21,600,000, and is being amortized into expense over a five-year period beginning on the date of grant through the final vesting period, using a graded vesting attribution model, with the exception of an aggregate of $13,722,000 which was accelerated into expense in the first quarter of 2009 as a result of the voluntary surrender of such awards discussed above. On April 25, 2006, our Compensation Committee approved a $100,000,000 Out-performance plan (the “2006 OPP”), under which 91% of the total Out-Performance Plan was awarded. The fair value of the awards on the date of grant, as adjusted for estimated forfeitures, was approximately $46,141,000 and is being amortized into expense over the five-year vesting period beginning on the date of grant, using a graded vesting attribution model. As of January 12, 2007, the maximum performance threshold under the Out-Performance Plan was achieved, concluding the performance period. During the years ended December 31, 2009, 2008 and 2007, we recognized $23,493,000, $16,021,000 and $12,734,000 of compensation expense, respectively, for these plans. As of December 31, 2009, there was $6,318,000 of total unrecognized compensation cost related these plans, which will be recognized over a weighted-average period of 1.37 years. Distributions paid on unvested OPP Units are charged to “net income attributable to noncontrolling interests” on our consolidated statements of income and amounted to $1,935,000, $2,918,000 and $2,694,000 in 2009, 2008 and 2007, respectively. </div> <font style="font-family: 'Times New Roman','serif'; font-size: 10pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;" class="_mt"> Stock Options Stock options are granted at an exercise price equal to 100% of the average of the high and low market price of our common shares on the NYSE on the date of grant, generally vest pro-rata over five years and expire 10 years from the date of grant. Compensation expense related to stock option awards is recognized on a straight-line basis over the vesting period with the exception of an aggregate of $18,873,000 which was accelerated into expense in the first quarter of 2009 as a result of voluntary surrenders as previously discussed. During the years ended December 31, 2009, 2008, and 2007, we recognized $25,911,000, $9,051,000 and $4,549,000, of compensation expense, respectively, for these options. As of December 31, 2009 there was $8,838,000 of total unrecognized compensation cost related to unvested stock options, which is expected to be recognized over a weighted-average period of 2.1 years. Below is a summary of our stock option activity under the Plan for the year ended December 31, 2009. <div align="center"> </div> <table style="margin: 0in 0in 0pt; width: 532pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="704"> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; width: 188pt; height: 63.75pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl65" height="85" rowspan="5" width="250"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 10pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73" rowspan="5" width="13"> </td> <td style="border-bottom: black 0.5pt solid; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 79pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" rowspan="5" width="105" colspan="2"> Shares </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 8pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73" rowspan="5" width="10"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; width: 8pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl86" width="10"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; width: 69pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl86" width="92"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 8pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73" rowspan="5" width="10"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 77pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" width="102" colspan="2"> Weighted- </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 8pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73" rowspan="5" width="10"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; width: 8pt; border-top: #ece9d8; border-right: #ece9d8;" width="10"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; width: 69pt; border-top: #ece9d8; border-right: #ece9d8;" width="92"> </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" height="17" colspan="2"> Weighted- </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl67" colspan="2"> Average </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8;"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8;"> </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" height="17"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl67"> Average </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl67" colspan="2"> Remaining </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" colspan="2"> Aggregate </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" height="17"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl67"> Exercise </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl67" colspan="2"> Contractual </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl67" colspan="2"> Intrinsic </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" height="17"> </td> <td style="border-bottom: windowtext 0.5pt solid; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl71"> Price </td> <td style="border-bottom: windowtext 0.5pt solid; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl71" colspan="2"> Term </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8;"> </td> <td style="border-bottom: windowtext 0.5pt solid; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl71"> Value </td> </tr> <tr style="page-break-inside: avoid; height: 12.75pt; mso-yfti-irow: 1;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" height="17"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> </tr> <tr style="page-break-inside: avoid; height: 12.75pt; mso-yfti-irow: 2;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" height="17">Outstanding at January 1, 2009</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl69"> 9,990,483 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75">$</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75"> 66.64 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl76"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl76"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl77"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl76"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl76"></td> </tr> <tr style="page-break-inside: avoid; height: 12.75pt; mso-yfti-irow: 3;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" height="17">Granted</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl78"> 1,228,865 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> 33.86 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl76"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl76"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl77"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl76"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl76"></td> </tr> <tr style="page-break-inside: avoid; height: 12.75pt; mso-yfti-irow: 4;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" height="17">Exercised</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75"> (1,598,084 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72">)</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75"> 30.25 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl76"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl76"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl77"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl76"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl76"></td> </tr> <tr style="page-break-inside: avoid; height: 13.5pt; mso-yfti-irow: 5;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; height: 13.5pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" height="18">Cancelled</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> <td style="border-bottom: windowtext 1pt solid; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl79"> (3,441,458 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73">)</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> <td style="border-bottom: windowtext 1pt solid; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl79"> 105.47 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74"> </td> </tr> <tr style="page-break-inside: avoid; height: 13.5pt; mso-yfti-irow: 6;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; height: 13.5pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" height="18">Outstanding at December 31, 2009</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75"> </td> <td style="border-bottom: windowtext 2pt double; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl70"> 6,179,806 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75">$</td> <td style="border-bottom: windowtext 2pt double; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl80"> 47.90 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75"> </td> <td style="border-bottom: windowtext 2pt double; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl80"> 4.0 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75">$</td> <td style="border-bottom: windowtext 2pt double; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl70"> 163,742,000 </td> </tr> <tr style="page-break-inside: avoid; height: 13.5pt; mso-yfti-irow: 7;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; height: 13.5pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" height="18">Options vested and expected to vest at</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73" rowspan="2"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74" rowspan="2"> </td> <td style="border-bottom: black 2pt double; border-left: #ece9d8; background-color: white; border-top: windowtext; border-right: #ece9d8;" class="xl81" rowspan="2"> 6,151,278 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73" rowspan="2"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74" rowspan="2">$</td> <td style="border-bottom: black 2pt double; border-left: #ece9d8; background-color: white; border-top: windowtext; border-right: #ece9d8;" class="xl82" rowspan="2"> 47.72 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73" rowspan="2"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74" rowspan="2"> </td> <td style="border-bottom: black 2pt double; border-left: #ece9d8; background-color: white; border-top: windowtext; border-right: #ece9d8;" class="xl82" rowspan="2"> 4.0 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl73" rowspan="2"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74" rowspan="2">$</td> <td style="border-bottom: black 2pt double; border-left: #ece9d8; background-color: white; border-top: windowtext; border-right: #ece9d8;" class="xl81" rowspan="2"> 163,742,000 </td> </tr> <tr style="height: 13.5pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; height: 13.5pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl83" height="18">December 31, 2009</td> </tr> <tr style="page-break-inside: avoid; height: 14.25pt; mso-yfti-irow: 8; mso-yfti-lastrow: yes;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; height: 14.25pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" height="19">Options exercisable at December 31, 2009</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75"> </td> <td style="border-bottom: windowtext 2pt double; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl70"> 4,325,167 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75">$</td> <td style="border-bottom: windowtext 2pt double; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl80"> 45.84 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75"> </td> <td style="border-bottom: windowtext 2pt double; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl80"> 2.2 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75">$</td> <td style="border-bottom: windowtext 2pt double; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl70"> 118,375,000 </td> </tr> </table> The fair value of each option grant is estimated on the date of grant using an optionpricing model with the following weightedaverage assumptions for grants in the years ended December 31, 2009, 2008 and 2007. <table style="margin: 0in 0in 0pt; width: 344pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="457"> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; width: 48pt; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" height="17" width="64"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; width: 120pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl65" width="160"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" width="14"> </td> <td style="border-bottom: windowtext 0.5pt solid; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 165pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75" width="219" colspan="5"> December 31 </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="17"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl65"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" width="14"> </td> <td style="border-bottom: windowtext 0.5pt solid; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74" width="64"> 2009 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 10pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" width="13"> </td> <td style="border-bottom: windowtext 0.5pt solid; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74" width="64"> 2008 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" width="14"> </td> <td style="border-bottom: windowtext 0.5pt solid; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74" width="64"> 2007 </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="17"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl72">Expected volatility</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" width="14"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" width="64"> 28% </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 10pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" width="13"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" width="64"> 19% </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" width="14"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" width="64"> 17% </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="17"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl73">Expected life</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" width="14"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl69" width="64"> 7 years </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 10pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" width="13"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl69" width="64"> 7.7 years </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" width="14"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl69" width="64"> 5 years </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="17"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl72">Riskfree interest rate</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" width="14"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="64"> 2.30% </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 10pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" width="13"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="64"> 3.20% </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" width="14"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="64"> 4.50% </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="17"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl73">Expected dividend yield</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" width="14"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl71" width="64"> 4.60% </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 10pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" width="13"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl71" width="64"> 4.80% </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" width="14"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 48pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl71" width="64"> 5.00% </td> </tr> </table> The weighted average grant date fair value of options granted during the years ended December 31, 2009, 2008 and 2007 was $5.67, $6.80 and $12.55, respectively. Cash received from option exercises for the years ended December 31, 2009, 2008 and 2007 was $1,749,000, $27,587,000 and $34,648,000, respectively. The total intrinsic value of options exercised during the years ended December 31, 2009, 2008 and 2007 was $62,139,000, $79,997,000 and $99,656,000, respectively. <h3 style="margin: 0in 0in 0pt 20pt; tab-stops: .5in; mso-para-margin-left: 2.0gd;">Restricted Stock</h3> Restricted stock awards are granted at the average of the high and low market price of our common shares on the NYSE on the date of grant and generally vest over five years. Restricted stock awards granted in 2009, 2008 and 2007 had a fair value of $496,000, $595,000 and $2,837,000, respectively. Compensation expense related to restricted stock awards is recognized on a straight-line basis over the vesting period. During the years ended December 31, 2009, 2008 and 2007, we recognized $2,063,000, $3,201,000 and $4,079,000 of compensation expense, respectively, for the portion of restricted stock awards that vested during each year. <a name="OLE_LINK16"></a><a name="OLE_LINK14">The fair value of restricted stock that vested during the years ended December 31, 2009, 2008 and 2007 was $3,272,000, $4,472,000 and $8,907,000, respectively.</a> As of December 31, 2009, there was $2,136,000 of total unrecognized compensation cost related to unvested restricted stock, which is expected to be recognized over a weighted-average period of 1.74 years. Dividends paid on unvested restricted stock are charged directly to retained earnings and amounted to $161,000, $308,000 and $533,000 for the years ended December 31, 2009, 2008 and 2007, respectively. Below is a summary of restricted stock activity under the Plan for the year ended December 31, 2009. <table style="margin: 0in 0in 0pt; width: 405pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="539"> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; width: 78pt; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" height="17" width="104"></td> <td style="border-bottom: black 0.5pt solid; border-left: #ece9d8; background-color: white; width: 145pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl78" rowspan="3" width="193">Non-vested Shares</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 6pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" rowspan="3" width="8"> </td> <td style="border-bottom: black 0.5pt solid; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 77pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74" rowspan="3" width="102" colspan="2"> Shares </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" rowspan="3" width="15"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 88pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl74" width="117" colspan="2"> Weighted-Average </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="17"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; width: 88pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl74" width="117" colspan="2"> Grant-Date </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" height="17"> </td> <td style="border-bottom: windowtext 0.5pt solid; border-left: #ece9d8; background-color: white; width: 88pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl75" width="117" colspan="2"> Fair Value </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" height="17"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl66">Non-vested at January 1, 2009</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 6pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl69" width="8"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 6pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="8"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 71pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl71" width="94"> 87,860 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl69" width="15"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="15"> $ </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 77pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="102"> 81.31 </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="17"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl65">Granted</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 6pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" width="8"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 6pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72" width="8"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 71pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl76" width="94"> 14,680 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" width="15"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72" width="15"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 77pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72" width="102"> 33.82 </td> </tr> <tr style="height: 12.75pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="17"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl66">Vested</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 6pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl69" width="8"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 6pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="8"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 71pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="94"> (45,704 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl69" width="15"> ) </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="15"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 77pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="102"> 72.14 </td> </tr> <tr style="height: 13.5pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 13.5pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="18"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl65">Forfeited</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 6pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" width="8"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 6pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72" width="8"> </td> <td style="border-bottom: windowtext 1pt solid; border-left: #ece9d8; background-color: white; width: 71pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl77" width="94"> (1,218 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" width="15"> ) </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72" width="15"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 77pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72" width="102"> 63.82 </td> </tr> <tr style="height: 13.5pt;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 13.5pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="18"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl66">Non-vested at December 31, 2009</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 6pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl69" width="8"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 6pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="8"> </td> <td style="border-bottom: windowtext 2pt double; border-left: #ece9d8; background-color: #ccffff; width: 71pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl73" width="94"> 55,618 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl69" width="15"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 11pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="15"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 77pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="102"> 76.69 </td> </tr> </table> <div align="left">Restricted Operating Partnership Units (“OP Units”)</div> OP Units are granted at the average of the high and low market price of our common shares on the NYSE on the date of grant, vest ratably over five years and are subject to a taxable book-up event, as defined. OP Units granted in 2009, 2008 and 2007 had a fair value of $10,691,000, $7,167,000, and $10,696,000, respectively. Compensation expense related to OP Units is recognized ratably over a five-year period using a graded vesting attribution model. During the years ended December 31, 2009, 2008 and 2007, we recognized $8,347,000, $6,257,000, and $5,493,000, of compensation expense, respectively, for the portion of OP Units that vested during last year. The fair value of OP Units that vested during the years ended December 31, 2009, 2008 and 2007 was $4,020,000, $1,952,000 and $1,602,000, respectively. As of December 31, 2009, there was $10,573,000 of total remaining unrecognized compensation cost related to unvested OP units, which is expected to be recognized over a weighted-average period of 1.75 years. Distributions paid on unvested OP Units are charged to “net income attributable to noncontrolling interests” on our consolidated statements of income and amounted to $1,583,000, $938,000, and $444,000 in 2009, 2008 and 2007, respectively. Below is a summary of restricted OP unit activity under the Plan for the year ended December 31, 2009. <table style="margin: 0in 0in 0pt; width: 372pt; border-collapse: collapse; font-family: 'Times New Roman','serif'; font-size: 10pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;" border="0" cellspacing="0" cellpadding="0" width="495"> <tr style="page-break-inside: avoid; height: 12.75pt; mso-yfti-irow: 0; mso-yfti-firstrow: yes; mso-height-source: userset;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; width: 48pt; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="17" width="64"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; width: 152pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl78" width="203"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 16pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" rowspan="3" width="21"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 50pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl80" width="66"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 8pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" rowspan="3" width="11"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 98pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl72" width="130" colspan="2"> Weighted-Average </td> </tr> <tr style="height: 12.75pt; mso-height-source: userset;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" height="17"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl78"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; width: 50pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl80" width="66"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; width: 98pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl72" width="130" colspan="2"> Grant-Date </td> </tr> <tr style="height: 12.75pt; mso-height-source: userset;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8;" height="17"></td> <td style="border-bottom: windowtext 0.5pt solid; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl79">Non-vested Units</td> <td style="border-bottom: windowtext 0.5pt solid; border-left: #ece9d8; background-color: white; width: 50pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl81" width="66"> Units </td> <td style="border-bottom: windowtext 0.5pt solid; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 98pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl75" width="130" colspan="2"> Fair Value </td> </tr> <tr style="page-break-inside: avoid; height: 12.75pt; mso-yfti-irow: 1;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="17"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl73">Non-vested at January 1, 2009</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 16pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" width="21"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 50pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl69" width="66"> 233,079 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 8pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" width="11"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 10pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl77" width="13"> $ </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 88pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" width="117"> 74.07 </td> </tr> <tr style="page-break-inside: avoid; height: 12.75pt; mso-yfti-irow: 2;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="17"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl74">Granted</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 16pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" width="21"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 50pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl76" width="66"> 334,500 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 8pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" width="11"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 10pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl65" width="13"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 88pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="117"> 31.96 </td> </tr> <tr style="page-break-inside: avoid; height: 12.75pt; mso-yfti-irow: 3;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 12.75pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="17"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl73">Vested</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 16pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" width="21"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 50pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl82" width="66"> (56,551) </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 8pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" width="11"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 10pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl77" width="13"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 88pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" width="117"> 74.17 </td> </tr> <tr style="page-break-inside: avoid; height: 13.5pt; mso-yfti-irow: 4;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 13.5pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="18"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: white; border-top: #ece9d8; border-right: #ece9d8;" class="xl74">Forfeited</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 16pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" width="21"> </td> <td style="border-bottom: windowtext 1pt solid; border-left: #ece9d8; background-color: white; width: 50pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl83" width="66"> (2,948) </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 8pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl66" width="11"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 10pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="13"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: white; width: 88pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl70" width="117"> 36.67 </td> </tr> <tr style="page-break-inside: avoid; height: 13.5pt; mso-yfti-irow: 5;"> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: transparent; height: 13.5pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" height="18"></td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; background-color: #ccffff; border-top: #ece9d8; border-right: #ece9d8;" class="xl73">Non-vested at December 31, 2009</td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 16pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" width="21"> </td> <td style="border-bottom: windowtext 2pt double; border-left: #ece9d8; background-color: #ccffff; width: 50pt; border-top: #ece9d8; border-right: #ece9d8;" class="xl71" width="66"> 508,080 </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 8pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl67" width="11"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 10pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" width="13"> </td> <td style="border-bottom: #ece9d8; border-left: #ece9d8; padding-bottom: 0in; background-color: #ccffff; width: 88pt; border-top: #ece9d8; border-right: #ece9d8; padding-top: 0in;" class="xl68" width="117"> 46.55 </td> </tr> </table> </div></div> </div>

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Filing Submission 0000899689-10-000004 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Vornado Realty Trust – ‘10-K’ for 12/31/09 – ‘XML.R19’

On: Tuesday, 2/23/10, at 8:44am ET · For: 12/31/09 · Accession #: 899689-10-4 · File #: 1-11954

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Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘XML.R19’ — Stock-based Compensation

This Financial Report is an XBRL XML File.

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents