X0306 4 2014-05-07 0000912898 GLIMCHER REALTY TRUST GRT 0001290421 Overly Niles C C/O GLIMCHER REALTY TRUST 180 EAST BROAD STREET COLUMBUS OH 43215 1 Common Shares of Beneficial Interest 2014-05-07 4 A 0 4869.0000 0.0000 A 129627.0000 D These common shares shall have transfer restrictions that shall lapse in three equal installments commencing on the first anniversary of the grant date and on each annual anniversary thereafter until the third anniversary of the grant date. George A. Schmidt, Attorney-in-Fact 2014-05-09