UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. _______ )*
Vornado Operating Co.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
92904N103
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(CUSIP Number)
April 24, 2002
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Date of Event Which Requires Filing of this Statement
Check the appropriate box to designate the rule pursuant to which this Schedule
is Filed:
[ ] Rule 13d-1(b)
[ X ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 4 Pages
SCHEDULE 13G
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CUSIP No: 92904N103 Page 2 of 4 Pages
--- ---
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GREGG FRANKEL
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)[ ] (b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF SHARES 5 SOLE VOTING POWER
BENEFICIALLY OWNED
BY EACH REPORTING 333,800
PERSON WITH
-------- --------------------------------------------------
6 SHARED VOTING POWER
0
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7 SOLE DISPOSITIVE POWER
333,800
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8 SHARED DISPOSITIVE POWER
0
------------------- -------- ---------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
333,800
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES [ ]
------------------- -------- ------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.2%
------------------- -------- ------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
Item 1.
(a) Issuer: Vornado Operating Co.
(b) Principal executive office: 888 Seventh Avenue
New York, New York 10019
Item 2.
(a) Person filing: GREGG FRANKEL
(b) Principal business office: 37 Water Street
Lebanon, New Jersey 08833
(c) Citizenship: United States
(d) Class: Common Stock
(e) CUSIP: 92904N103
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or Dealer
(b) [ ] Bank
(c) [ ] Insurance Company
(d) [ ] Investment Company
(e) [ ] Investment Adviser
(f) [ ] Employee Benefit Plan, Pension Fund or Endowment Fund
(g) [ ] Parent Holding Company
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act
(i) [ ] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the
Investment Company Act
(j) [ ] Group
Item 4. Ownership.
(a) Amount beneficially owned as of April 24, 2002: 333,800 Common Shares
(b) Percent of class: 8.2%
(c) (i) Sole power to vote or direct vote: 333,800*
(ii) Shared power to vote or direct vote: -0-
(iii) Sole power to dispose or direct disposition: 333,800*
(iv) Shared power to dispose or direct disposition: -0-
Page 3 of 4 Pages
* Includes 141,300 shares held in accounts for Mr. Frankel's minor
children.
Item 5. Ownership of Five Percent or Less of a Class: N/A
Item 6. Ownership of More than Five Percent on Behalf of Another Person: N/A
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company: N/A
Item 8. Identification and Classification of Members of the Group: N/A
Item 9. Notice of Dissolution of Group: N/A
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired for the purpose of or
with the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
May 2, 2002
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Date
/s/ Gregg Frankel
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GREGG FRANKEL
Page 4 of 4 Pages