X0201 4 2004-04-02 0 0000910612 CBL & ASSOCIATES PROPERTIES INC CBL 0001220921 FULLAM RONALD L 2030 HAMILTON PLACE BLVD., SUITE 500 CHATTANOOGA TN 374216000 0 1 0 0 Sr VP - Development Common Stock 2004-04-02 4 M 0 3357 20.500 A 8961.88 D Common Stock 2004-04-02 4 S 0 3357 61.278 D 5604.88 D Common Stock 2004-04-02 4 M 0 18000 23.625 A 23604.88 D Common Stock 2004-04-02 4 S 0 18000 61.278 D 5604.88 D Common Stock 2004-04-02 4 M 0 9000 24.094 A 14604.88 D Common Stock 2004-04-02 4 S 0 9000 61.278 D 5604.88 D Common Stock 2004-04-02 4 M 0 7200 24.500 A 12804.88 D Common Stock 2004-04-02 4 S 0 7200 61.278 D 5604.88 D Common Stock 2004-04-02 4 M 0 5400 23.719 A 11004.88 D Common Stock 2004-04-02 4 S 0 5400 614.278 D 5604.88 D Common Stock 2004-04-02 4 M 0 3600 27.675 A 9204.88 D Common Stock 2004-04-02 4 S 0 3600 61.278 D 5604.88 D Employee Stock Option (Right to Buy) 20.500 2004-04-02 4 M 0 3357 0 D 1997-04-30 2006-04-30 Common Stock 3357.00 0.00 D Employee Stock Option (Right to Buy) 23.625 2004-04-02 4 M 0 18000 0 D 1998-04-30 2007-04-30 Common Stock 18000.00 0.00 D Employee Stock Option (Right to Buy) 24.094 2004-04-02 4 M 0 9000 0 D 1999-04-29 2008-04-29 Common Stock 9000.00 0.00 D Employee Stock Option (Right to Buy) 24.500 2004-04-02 4 M 0 7200 0 D 2000-04-29 2009-04-29 Common Stock 7200.00 1800.00 D Employee Stock Option (Right to Buy) 23.719 2004-04-02 4 M 0 5400 0 D 2001-05-03 2010-05-03 Common Stock 5400.00 3600.00 D Employee Stock Option (Right to Buy) 27.675 2004-04-02 4 M 0 3600 0 D 2002-05-02 2011-05-02 Common Stock 3600.00 5400.00 D Vests 20% annually over five years on each anniversary date starting on the first exercisable date shown. /s/ Fullam, Ronald L. 2004-04-02