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As filed with the Securities and Exchange Commission on January 12, 2004

Registration No. 333-            



SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM S-3
REGISTRATION STATEMENT
Under
THE SECURITIES ACT OF 1933


SL GREEN REALTY CORP.
(Exact name of registrant as specified in its charter)

Maryland
(State or other jurisdiction of
incorporation or organization)
  13-3956775
(I.R.S. Employer
Identification Number)

420 Lexington Avenue
New York, NY 10170
(212) 594-2700
(Address, including zip code, and telephone number, including
area code, of registrant's principal executive offices)

Marc Holliday
Chief Executive Officer and President
SL Green Realty Corp.
420 Lexington Avenue
New York, NY 10170
(212) 594-2700
(Name, address, including zip code, and telephone number,
including area code, of agent for service)


with copies to:
Andrew S. Levine, Esq.
Executive Vice President, Secretary,
and General Counsel
SL Green Realty Corp.
420 Lexington Avenue
New York, NY 10170
(212) 594-2700
  Robert E. King, Jr., Esq.
Larry P. Medvinsky, Esq.
Clifford Chance US LLP
200 Park Avenue
New York, NY 10166
(212) 878-8000

        Approximate date of commencement of proposed sale to the public:    From time to time or at one time after the effective date of the Registration Statement as determined by market conditions.

        If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box.    o

        If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box.    o

        If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of earlier effective registration statement for the same offering.    ý  333-68493

        If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.    o

        If delivery of the prospectus is expected to be made pursuant to Rule 434 under the Securities Act, please check the following box.    o



CALCULATION OF REGISTRATION FEE


Title of Securities
Being Registered

  Proposed Maximum
Aggregate
Offering Price(1)

  Amount of Registration
Fee


Common Stock, $0.01 par value   $18,700,000.00   $1,512.83

(1)
Estimated solely for the purpose of computing the registration fee in accordance with Rule 457(o) under the Securities Act.


        Incorporation by Reference of Registration Statement on Form S-3, File No. 333-68493.

        The Registrant hereby incorporates by reference into this Registration Statement on Form S-3 in its entirety the Registration Statement on Form S-3, as amended (File No. 333-68493), filed with the Securities and Exchange Commission, and declared effective on or about January 28, 2000, by the Securities and Exchange Commission, including each of the documents filed by the Registrant with the Securities and Exchange Commission and incorporated or deemed to be incorporated by reference therein.





PART II.
INFORMATION NOT REQUIRED IN PROSPECTUS

Item 16. Exhibits

        All exhibits filed with or incorporated by reference in Registration Statement No. 333-68493 are incorporated by reference into, and shall be deemed a part of this Registration Statement, except the following which are filed herewith.

Exhibit Number

  Description

5.1

 

Opinion of Clifford Chance US LLP, with respect to the legality of the shares being registered.

23.1

 

Consent of Ernst & Young LLP.

23.2

 

Consent of Clifford Chance US LLP (included in its opinion filed as Exhibit 5.1 hereto).

2



SIGNATURES

        Pursuant to the requirements of the Securities Act of 1933, as amended, the undersigned registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 pursuant to Rule 462(b) and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on the 12th day of January, 2004.

    SL GREEN REALTY CORP.

 

 

By:

/s/  
THOMAS E. WIRTH      
     
      Name: Thomas E. Wirth
      Title: Executive Vice President and Chief Financial Officer

        Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

Name
  Title
  Date

 

 

 

 

 
         
/s/  STEPHEN L. GREEN              

Stephen L. Green
  Chairman of the Board of Directors and Executive Officer   January 12, 2004

/s/  
MARC HOLLIDAY      
Marc Holliday

 

Chief Executive Officer, President and Director (principal executive officer)

 

January 12, 2004


/s/  
MICHAEL W. REID      
Michael W. Reid


 


Chief Operating Officer


 


January 12, 2004


/s/  
THOMAS E. WIRTH      
Thomas E. Wirth


 


Executive Vice President and Chief Financial Officer (principal financial officer and principal accounting officer)


 


January 12, 2004


/s/  
JOHN H. ALSCHULER, JR.      
John H. Alschuler, Jr.


 


Director


 


January 12, 2004


/s/  
EDWIN THOMAS BURTON, III      
Edwin Thomas Burton, III


 


Director


 


January 12, 2004


/s/  
JOHN S. LEVY      
John S. Levy


 


Director


 


January 12, 2004

3


Exhibit
Number

  Description
5.1   Opinion of Clifford Chance US LLP, with respect to the legality of the shares being registered.
23.1   Consent of Ernst & Young LLP.
23.2   Consent of Clifford Chance US LLP (included in its opinion filed as Exhibit 5.1 hereto).

4




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CALCULATION OF REGISTRATION FEE
PART II. INFORMATION NOT REQUIRED IN PROSPECTUS
SIGNATURES

Exhibit 5.1

January 12, 2004

SL Green Realty Corp.
420 Lexington Avenue
New York, NY 10170

Re:
SL Green Realty Corp. Registration Statement on Form S-3

Ladies and Gentlemen:

        We have acted as counsel to SL Green Realty Corp., a Maryland corporation (the "Company"), and SL Green Operating Partnership, L.P., a Delaware limited partnership (the "Operating Partnership"), in connection with the preparation and filing with the Securities and Exchange Commission pursuant to Rule 462(b) promulgated under the Securities Act of 1933, as amended (the "Securities Act"), of the Company's Registration Statement on Form S-3 (the "Registration Statement"), relating to the registration of $18,700,000 in aggregate amount of shares of common stock (the "Securities") of the Company. The Securities may be offered by the Company from time to time at prices and on terms to be set forth in one or more prospectus supplements to the prospectus contained in the Registration Statement.

        In rendering the opinions expressed below, we have examined originals or copies, certified or otherwise identified to our satisfaction, of the Company's Registration Statement (No. 333-68493) on Form S-3 as amended by Pre-Effective Amendment No. 1, dated June 15, 1999, Pre-Effective Amendment No. 2, dated September 28, 1999, Pre-Effective Amendment No. 3, dated September 28, 1999 and Pre-Effective Amendment No. 4 dated January 12, 2000 (the Registration Statement, as amended at the time it became effective, being referred to herein as the "Shelf Registration Statement"), and the related prospectus included in the Shelf Registration Statement (the "Prospectus") in the form in which it was first filed by the Company with the Securities and Exchange Commission (the "Commission") pursuant to Rule 424(b) under the Securities Act, and the rules and regulations promulgated thereunder. We have also examined originals or copies, certified or otherwise identified to our satisfaction, of such other documents, corporate, trust, and partnership records, certificates and letters of public officials and other instruments as we have deemed necessary or appropriate for the purposes of rendering the opinions set forth below. In examining all such documents, we have assumed the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us, and the conformity with the respective originals of all documents submitted to us as certified, telecopied, photostatic or reproduced copies. As to facts upon which this opinion is based, we have relied, as to all matters of fact, upon certificates and written statements of officers, directors, partners and employees of, and accountants for, the Company. We have further assumed that:


        Based on, and subject to, the foregoing, the qualifications and assumptions set forth herein and such examination of law as we have deemed necessary, we are of the opinion that when and if (i) the definitive terms of any offering of any Securities have been duly established, in accordance with resolutions of the Board of Directors of the Company authorizing the issuance and sale of the Securities, and (ii) those Securities so offered have been duly issued or delivered in the manner and for the consideration contemplated by each of the Registration Statement, the Prospectus, and the applicable Prospectus Supplement, those Securities will be validly issued, fully paid, and nonassessable.

        The opinions expressed herein are limited to the federal laws of the United States, the laws of the State of New York and the Maryland General Corporation Law, and we express no opinion as to the effect of the laws of any other jurisdiction.

        We consent to the filing of this letter as an exhibit to the Registration Statement and to the reference to us under the caption "Legal Matters" in the Shelf Registration Statement. In giving this consent, we do not concede that we are within the category of persons whose consent is required under the Securities Act or the rules and regulations of the Commission promulgated thereunder.

Very truly yours,

/s/ Clifford Chance US LLP

2




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Exhibit 23.1


Consent of Independent Auditors

        We consent to the reference to our firm under the caption "Experts" in the Registration Statement Form S-3 of SL Green Realty Corp. (the "Company") for the registration of an aggregate maximum offering price of $18,700,000 of common stock and to the incorporation by reference therein of our reports (a) dated January 28, 2003 (except Note 23, as to which the date is February 13, 2003) with respect to the consolidated financial statements and schedule of the Company included in its Annual Report on Form 10-K for the three years ended December 31, 2002 (b) dated January 28, 2003 (except Note 23, as to which the date is December 2, 2003) with respect to the consolidated financial statements and schedule of the Company included in its Form 8-K dated December 3, 2003 for the three years ended December 31, 2002 (c) dated November 20, 2002, with respect to the statement of revenues and certain expenses for the 220 East 42nd Street property for the year ended December 31, 2001, included in its Form 8-K dated February 21, 2003, (d) dated February 4, 2003 (except Note 1, as to which the date is December 29, 2003), with respect to the statement of revenues and certain expenses of Rock-McGraw Inc. for the for the year ended December 31, 2002, included in its Form 8-K/A dated December 29, 2003, all filed with the Securities and Exchange Commission.

New York, New York
January 12, 2004




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Consent of Independent Auditors