X0202 4 2007-11-02 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 2007-11-02 5 J 0 30.53 32.744 A 30853.83 D Employee Stock Option (Right to Buy) 11.860 2001-05-03 2010-05-03 Common Stock 550.00 550.00 D Employee Stock Option (Right to Buy) 13.838 2002-05-02 2011-05-02 Common Stock 10800.00 10800.00 D Employee Stock Option (Right to Buy) 18.268 2003-05-07 2012-05-07 Common Stock 18000.00 18000.00 D These shares were acquired via the Company's Employee Stock Purchase Plan. Vests 20% annually over five years on each anniversary date starting on the first exercisable date shown. /s/ Fullam, Ronald L. 2007-11-09