Company: SLG-PI
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0001104659-25-037534
Chunk: 100

Company: SL GREEN REALTY CORP
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 100
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 Granted/Earned represents the sum of Stock Options Granted and Full-Value Awards Granted/Earned.

TABLE OF CONTENTS

| ​ | OTHER MANAGEMENT PROPOSALS | ​ | ​ | 89 | ​ |

(5) For each year, represents the weighted average number of shares of our common stock and common units, including LTIP units, in our operating partnership outstanding during the year. Because we are a real estate investment trust that conducts substantially all of its operations through an operating partnership, we include both shares of our common stock and common units in our operating partnership in the share count for purposes of calculating our burn rate. Each common unit is redeemable at the election of the holder for, at our option in our capacity as general partner of our operating partnership: (i) cash equal to the then fair value of one share of our common stock; or (ii) one share of our common stock. SUMMARY OF MATERIAL AMENDMENTS The following is a brief summary of the material amendments that are included in the Sixth Amended 2005 Plan: • The maximum number of Fungible Units available under the Fifth Amended 2005 Plan will be increased under the Sixth Amended 2005 Plan by 7,680,000 Fungible Units from 32,210,000 Fungible Units to 39,890,000 Fungible Units. If the Sixth Amended 2005 Plan is approved by stockholders, the additional 7,680,000 Fungible Units will represent 2,400,000 shares of common stock that could be granted pursuant to full-value awards based on the 3.2 to 1 Fungible Unit-to-full value award conversion ratio in the Sixth Amended 2005 Plan. Based solely on the closing price of our common stock as reported on the NYSE on April 17, 2025, the maximum aggregate market value of those 2,400,000 shares of common stock is $125,544,000. • The ratios governing the number of Fungible Units used by the different types of awards that may be granted under the Sixth Amended 2005 Plan will be changed for awards granted after the date the Sixth Amended 2005 Plan is approved. Under the Sixth Amended 2005 Plan, an award that delivers the full-value of the underlying shares (“Full-Value Award”) granted after the effective date of the Sixth Amended 2005 Plan will be counted as 3.2 Fungible Units per share