X0201 4 2003-09-22 0 0000798288 NEW PLAN EXCEL REALTY TRUST INC NXL 0001167958 RUFRANO GLENN J C/O NEW PLAN EXCEL REALTY TRUST, INC. 1120 AVENUE OF THE AMERICAS, SUITE 1200 NEW YORK NY 10036 1 1 0 0 Chief Executive Officer Common Stock 2003-09-22 4 M 0 23414 12.8125 A 410535 D Stock Option (right to buy) 12.8125 2003-09-22 4 M 0 23414 0 D 2001-02-23 2010-02-23 Common Stock 23414 15610 D The initial option for 39,024 shares vests in five equal annual installments beginning on February 23, 2001. /s/ Steven F. Siegel, Attorney-in-Fact 2003-09-23