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&lt;p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;b&gt;6. Stock
Awards&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;
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&lt;p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px"&gt;&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;We have adopted the 2013
Equity Incentive Plan (the &amp;#x201C;Equity Incentive Plan&amp;#x201D;)
during the second quarter of 2013 which authorizes the issuance of
common stock options, restricted stock, restricted stock units,
deferred stock units, stock appreciation rights, performance units
and awards of interests in our Operating Partnership. The Equity
Incentive Plan replaced the 2004 Equity Incentive Plan (&amp;#x201C;2004
Plan&amp;#x201D;). The Equity Incentive Plan is administered by the
Compensation Committee of the Board of Directors. We have reserved
7,395,132 shares of common stock for awards under the Equity
Incentive Plan (including 495,132 shares remaining shares under the
2004 Plan that were transferred to the Equity Incentive Plan) for
which 7,395,132 shares remain available for future stock awards as
of June&amp;#xA0;30, 2013. For each share of common stock issued by
Medical Properties Trust, Inc. pursuant to the Equity Incentive
Plan, the Operating Partnership issues a corresponding number of
operating partnership units. We awarded the following stock awards
during the 2013 and 2012 first quarters:&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"&gt;
&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;i&gt;Time-based
awards&lt;/i&gt;&amp;#x2014;We granted 240,425 and 275,464 shares in 2013 and
2012, respectively, of time-based restricted stock to management
and independent directors. These awards vest quarterly based on
service, over three years, in equal amounts.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"&gt;
&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;i&gt;Performance-based awards&lt;/i&gt;&amp;#x2014;Our management team and
certain employees (2012 only) were awarded 204,255 and 252,566
performance based awards in 2013 and 2012, respectively. These
awards vest ratably over a three year period based on the
achievement of certain total shareholder return measures, with a
carry-back and carry-forward provision through December&amp;#xA0;31,
2016 (for the 2012 awards) and December&amp;#xA0;31, 2017 (for the 2013
awards). Dividends on these awards are paid only upon achievement
of the performance measures.&lt;/font&gt;&lt;/p&gt;
&lt;p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%"&gt;
&lt;font style="FONT-FAMILY: Times New Roman" size="2"&gt;&lt;i&gt;Multi-year
Performance-based awards&lt;/i&gt;&amp;#x2014;We awarded 550,000 and 649,793
shares in 2013 and 2012, respectively, of multi-year
performance-based awards to management and certain employees (2012
only). These shares are subject to three-year cumulative
performance hurdles based on measures of total shareholder return.
At the end of the three-year performance period, any earned shares
will be subject to an additional two years of ratable time-based
vesting on an annual basis. Dividends are paid on these shares only
upon achievement of the performance measures.&lt;/font&gt;&lt;/p&gt;


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