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Stock Trading History of Waterman Philip Iii

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Waterman Philip Iii since year 2005. The trader's CIK number is 1270352. At the time of this reporting, Waterman Philip Iii is the Ch. Development Off. of Reckson Associates Realty Corp (stock ticker symbol RA).

Stock purchases, sales, and option exercises reported by *Waterman Philip Iii* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2006-04-03	RA	Reckson Associates Realty Corp	Sale	15,000	44.70	670,489
2005-11-23	RA	Reckson Associates Realty Corp	Sale	25,000	36.44	911,075
2005-03-16	RA	Reckson Associates Realty Corp	Sale	13,000	31.41	408,356

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Waterman Philip Iii (Ch. Development Off. of Reckson Associates Realty Corp at the time of this reporting) see the Securities and Exchange Commission (SEC) website.