X0202 4 2008-01-03 0001043325 CENTERLINE HOLDING CO CHC 0001221774 SCHNITZER MARC 625 MADISON AVENUE, 5TH FLOOR NEW YORK NY 10022 1 1 0 0 CEO & President Common Shares 2008-01-03 4 F 0 4905 6.69 D 247927 D Common Shares 2008-02-01 4 F 0 16003 6.34 D 231924 D Common Shares 2008-03-01 4 F 0 4433 5.00 D 243494 D Common Shares 2008-03-10 4 A 0 67721 4.43 A 295212 D The Issuer granted the indicated restricted common shares (the "Shares") to Mr. Schnitzer pursuant to its 2007 Incentive Share Plan. The Shares will vest over three (3) years in three equal installments of 33 1/3%, with one third vesting on each anniversary of the Transaction Date set forth herein above. The unvested Shares will be entitled to voting rights and dividends. /s/ Marc D. Schnitzer 2008-03-19