X0201 4 2003-09-22 0 0000798288 NEW PLAN EXCEL REALTY TRUST INC NXL 0001219401 BERNSTEIN DEAN C/O NEW PLAN EXCEL REALTY TRUST, INC. 1120 AVENUE OF THE AMERICAS, SUITE 1200 NEW YORK NY 10036 0 1 0 0 Senior Vice President Common Stock 2003-09-22 4 M 0 25000 21.875 A 39092.067 D Common Stock 2003-09-22 4 S 0 13800 23.60 D 25292.067 D Common Stock 2003-09-22 4 S 0 3000 23.61 D 22292.067 D Common Stock 2003-09-22 4 S 0 2800 23.62 D 19492.067 D Common Stock 2003-09-22 4 S 0 200 23.63 D 19292.067 D Common Stock 2003-09-22 4 S 0 1700 23.64 D 17592.067 D Common Stock 2003-09-22 4 S 0 1900 23.65 D 15692.067 D Common Stock 2003-09-22 4 S 0 800 23.66 D 14892.067 D Common Stock 2003-09-22 4 S 0 800 23.67 D 14092.067 D Common Stock 23724.5916 I By Spouse Stock Option (right to buy) 21.875 2003-09-22 4 M 0 25000 0 D 1998-05-27 2004-05-27 Common Stock 25000 0 D The option for 25,000 shares vested in five equal annual installments beginning on May 27, 1998. /s/ Steven F. Siegel, Attorney-in-Fact 2003-09-23