X0202 3 2005-03-01 0 0000798288 NEW PLAN EXCEL REALTY TRUST INC NXL 0001318504 Carroll Michael A 420 LEXINGTON AVENUE NEW YORK NY 10170 0 1 0 0 Exec VP, Real Estate Op Common Stock 16982.425 D Common Stock 1552.4157 I By 401(k) Plan Common Stock 101.616 I By Son Common Stock 79.754 I By Daughter Stock Option (right to buy) 20.1250 1999-10-08 2008-10-07 Common Stock 7500 D Stock Option (right to buy) 19.8750 2000-05-19 2009-05-17 Common Stock 3750 D Stock Option (right to buy) 12.8125 2001-02-23 2010-02-22 Common Stock 8690 D Stock Option (right to buy) 15.4800 2002-03-19 2011-03-18 Common Stock 27080 D Stock Option (right to buy) 19.9900 2003-04-02 2012-04-01 Common Stock 37120 D Stock Option (right to buy) 19.1600 2004-03-10 2013-03-09 Common Stock 19280 D Stock Option (right to buy) 26.1000 2005-03-02 2014-03-02 Common Stock 24000 D Stock Option (right to buy) 25.69 2006-02-23 2015-02-23 Common Stock 34100 D This amount includes shares held in the issuer's dividend reinvestment plan. Information regarding such shares is based on a plan statement dated as of March 1, 2005. The reporting person holds these shares as custodian. The reporting person disclaims beneficial ownership as to these shares, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. The initial option for 10,000 shares vested in five equal annual installments beginning on October 8, 1999. The initial option for 5,000 shares vested in five equal annual installments beginning on May 19, 2000. The initial option for 17,500 shares vests with respect to 12,600 shares in five equal annual installments beginning on February 23, 2001. The option vests with respect to the remaining 4,900 shares on February 23, 2008, subject to accelerated vesting upon the satisfaction of certain performance criteria. The initial option for 40,000 shares vests with respect to 28,800 shares in five equal annual installments beginning on March 19, 2002. The option vests with respect to the remaining 11,200 shares on March 19, 2009, subject to accelerated vesting based on the satisfaction of certain performance criteria. The initial option for 40,000 shares vests with respect to 28,800 shares in five equal annual installments beginning on April 2, 2003. The option vests with respect to the remaining 11,200 shares on April 2, 2010, subject to accelerated vesting upon the satisfaction of certain performance criteria. The initial option for 20,000 shares vests with respect to 14,400 shares in five equal annual installments beginning on March 10, 2004. The option vests with respect to the remaining 5,600 shares on March 10, 2011, subject to accelerated vesting upon the satisfaction of certain performance criteria. The option for 24,000 shares vests with respect to 12,000 shares in five equal annual installments beginning on March 2, 2005. The option vests with respect to the remaining 12,000 shares on March 2, 2012, subject to accelerated vesting upon the satisfaction of certain performance criteria. The option for 34,100 shares vests with respect to 17,050 shares in five equal annual installments beginning on February 23, 2006. The option vests with respect to the remaining 17,050 shares in five equal annual installments beginning on February 23, 2006, subject to satisfaction of certain annual performance criteria. /s/ Steven F. Siegel, Attorney-in-Fact 2005-03-07