Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
PAPPAGALLO MICHAEL V
   2. Issuer Name and Ticker or Trading Symbol
KIMCO REALTY CORP [KIM] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP-COO
(Last)
(First)
(Middle)
3333 NEW HYDE PARK ROAD		 3. Date of Earliest Transaction (Month/Day/Year)
02/16/2012
(Street)

NEW HYDE PARK, NY 11042		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Kimco Realty Corp. Common Stock par value $0.01 per share (1) 02/16/2012   A   29,720 (2) A $ 0 105,270 D  
Kimco Realty Corp. Common Stock par value $0.01 per share 02/16/2012   A   11,100 (3) A $ 0 116,370 (6) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Shares $ 0 (4) 02/16/2012   A   44,400   12/31/2012(5) 12/31/2012 Kimco Realty Corp. Common Stock par value $0.01 per share 44,400 $ 0 44,400 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PAPPAGALLO MICHAEL V
3333 NEW HYDE PARK ROAD
NEW HYDE PARK, NY 11042		       EVP-COO  

Signatures

 /s/ Michael V. Pappagallo   02/17/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On Febraury 17, 2011 the reporting person was granted a total of 38,900 performance shares, providing for the grant of shares of restricted stock in 2012 based on the Company's total stockholder return in 2011 relative to the Company's peer group and National Association of Real Estate Investment Trust Retail peers. Based on these performance critera for 2011, the reporting person was granted 29,720 shares of restricted stock.
(2) These shares vest 1/3 per year in 2013, 2014 and 2015.
(3) The shares issued are Restricted Stock. These shares vest 1/4 per year in 2013, 2014, 2015 and 2016.
(4) Each performance share award provides for the grant of shares of restricted stock in the year following the performance year based on the Compnay's total stockholder return in the performance year relative to the Compnay's peer group and the National Association of Real Estate Investment Trusts Retail peers.
(5) The Company's Executive compensation Committee will determine the amount of the performance shares vested after the performance year ends on 12/31/2012.
(6) Amounts shown do not include 331,450 shares held in the Pappagallo Family Holdings, LLC a limited liability company of which the reporting person owned a majority of the equity and is a co-managing member with his spouse.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.