X0202 4 2006-12-29 0 0001021422 CAPITAL ALLIANCE INCOME TRUST REAL ESTATE & INVESTMENT TRUS CAA 0001166702 KONCZAL DENNIS R 100 PINE STREET SUITE 2450 SAN FRANCISCO CA 94111 1 1 0 0 President & CEO Employee Stock Option (Right to Buy) 9.06 2006-12-29 4 D 0 6875 0 D 2011-02-09 Common Stock 6875 6875 D Employee Stock Option (Right to Buy) 9.06 2006-12-29 4 A 0 6.875 0 A 2011-04-09 Common Stock 6875 13750 D Employee Stock Option (Right to Buy) 13.5 2006-12-29 4 D 0 3437 0 D 2008-09-22 Common Stock 3437 3438 D Employee Stock Option (Right to Buy) 13.5 2006-12-29 4 A 0 3437 0 A 2008-11-22 Common Stock 3437 6875 D Employee Stock Option (Right to Buy) 13.5 2006-12-29 4 D 0 3438 0 D 2008-09-22 Common Stock 3438 3437 D Employee Stock Option (Right to Buy) 13.5 2006-12-29 4 A 0 3438 0 A 2008-11-22 Common Stock 3438 6875 D Employee Stock Option (Right to Buy) 9 2006-12-29 4 D 0 5312 0 D 2010-02-02 Common Stock 5312 5312 D Employee Stock Option (Right to Buy) 9 2006-12-29 4 A 0 5312 0 A 2010-04-02 Common Stock 5312 10624 D Amendment of outstanding options resulting in deemed cancellation of options and grant of replacement options. The options were originally granted on February 8, 2001 pursuant to a stock option agreement. Options exercisable for 13,750 shares remain outstanding pursuant to the stock option agreement, which was amended to extend the expiration date for options exercisable for 6,875 shares, from February 9, 2011 to April 9, 2011. Amendment of outstanding options resulting in deemed cancellation of options and grant of replacement options. The options were originally granted on September 22, 1998 pursuant to a stock option agreement. Options exercisable for 6,875 shares remain outstanding pursuant to the stock option agreement which was amended to extend the expiration date for options exercisable for 3,437 shares, from September 22, 2008 to November 22, 2008. Amendment of outstanding options resulting in deemed cancellation of options and grant of replacement options. The options were originally granted on September 22, 1998 pursuant to a stock option agreement. Options exercisable for 6,875 shares remain outstanding pursuant to the stock option agreement, which was amended to extend the expiration date for options exercisable for 3,438 shares, from September 22, 2008 to November 22, 2008. Amendment of outstanding options resulting in deemed cancellation of options and grant of replacement options. The options were originally granted on February 2, 2000, pursuant to a stock option agreement. Options exercisable for 10,624 shares remain outstanding pursuant to the stock option agreement, which was amended to extend the expiration date for options exercisable for 5,312 shares, from February 2, 2010 to April 2, 2010. /s/ Dennis R. Konczal 2007-01-02