X0202 4 2004-12-21 1 0000929647 PRICE LEGACY CORP PLRE 0001275430 FISHER JEFFREY 17140 BERNARDO CENTER DRIVE SUITE 300 SAN DIEGO CA 92128 0 1 0 0 Chief Financial Officer Stock Option (right to buy) 15.16 2004-12-21 4 D 0 25000 D 2014-01-06 Common Stock 25000 0 D Reflects the effect of a 1-for-4 reverse stock split of the Issuer's common stock effected on March 12, 2004. This option, which provided for vesting in four equal, annual installments beginning January 6, 2005, was cancelled pursuant to the Agreement and Plan of Merger dated August 24, 2004, as amended, by and among the Issuer, PL Retail LLC and PL Acquisition Corp. in exchange for cash payment of $98,425, representing the number of shares of the Issuer's common stock subject to such option multiplied by the amount by which the cash consideration per share to be paid in the merger ($19.097) exceeded the exercise price of the option. /s/ Jeffrey Fisher 2004-12-21