X0202 4 2007-02-27 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 2007-02-27 4 A 0 9990 30.03 A 46596.633 D Common Stock 127.8509 I For Son Common Stock 100.344 I For Daughter Stock Option (right to buy) 30.03 2007-02-27 4 A 0 33330 A 2017-02-27 Common Stock 33330 33330 D This amount includes 4,955.3388 shares of which are held jointly with the reporting person's spouse. 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 of 33,330 shares vests in five equal annual installments commencing on February 27, 2008. The option expires on February 27, 2017. Not applicable. /s/ Steven F. Siegel, Attorney-in-Fact 2007-02-28