X0202 4 2005-03-30 0 0001024126 GOLF TRUST OF AMERICA INC GTA 0001287505 PETERS SCOTT D 10 NORTH ADGER'S WHARF CHARLESTON SC 29401 1 1 0 0 Senior Vice President & CFO Common Stock 2005-03-30 2005-03-30 4 J 0 55625 D 0 D Shares were pledged as collateral under the February 26, 2001 non-recourse promissory note from the reporting person to the issuer and were transferred to the issuer for no consideration in lieu of foreclosure under the note. Pursuant to the March 30, 2005 letter agreement extending the term of his employment by the issuer, the reporting person assigned the shares in exhange for the issuer's cancellation of all principal plus accrued interest that the reporting person owed the issuer pursuant to the February 26, 2001 non-recourse promissory note. /s/ Scott D. Peters 2005-04-01