X0306 4 2015-01-15 1 0000912898 GLIMCHER REALTY TRUST GRT 0001176223 GLIMCHER MICHAEL P 180 EAST BROAD STREET COLUMBUS OH 43215 1 1 0 0 Chairman and CEO Common Shares of Beneficial Interest 2015-01-15 4 D 0 1164701 D 0 D Common Shares of Beneficial Interest 2015-01-15 4 D 0 500 D 0 I By Spouse Performance Shares 2015-01-15 4 D 0 136320 D 2016-12-31 Common Stock 136320 0 D Stock Option (Right to Buy) 25.67 2015-01-15 4 D 0 75000 D 2015-03-08 Common Stock 75000 0 D Stock Option (Right to Buy) 25.22 2015-01-15 4 D 0 75000 D 2016-05-04 Common Stock 75000 0 D Partnership Units of Glimcher Properties LP (the "Units") 2015-01-15 4 D 0 259872 D Common Stock 259872 0 D Includes 268,980 common shares of beneficial interest of Glimcher Realty Trust (the "Issuer") disposed of pursuant to the Agreement and Plan of Merger, dated September 16, 2014 (the "Merger Agreement"). Each such common share of beneficial interest held by the Reporting Person was converted into 0.1989 shares of Washington Prime Group Inc. ("WPG") common stock plus $10.40 in cash upon the consummation of the merger of the Issuer with and into WPG Subsidiary Holdings I, LLC (the "Merger"). Also includes 895,721 restricted share awards, each of which was, at the effective time of the Merger, converted into an award of a number of WPG restricted common shares equal to 895,721 multiplied by the sum of (x) 0.1989 of a WPG common share and (y) the quotient of (A) $10.40 divided by (B) the volume weighted average closing price of WPG common shares on the NYSE on the last ten trading days immediately prior to the Merger. Disposed of pursuant to the Merger Agreement and converted into 0.1989 of a WPG common share plus $10.40 in cash upon the consummation of the Merger (the "Merger Consideration"). Awarded to the Reporting Person under the 2012 Glimcher Realty Trust Incentive Compensation Plan. These performance shares awards provided for payment in the Issuer's common shares of beneficial interest in an amount ranging from 50% and 200% of the performance shares awarded based upon satisfaction of certain performance criteria over a three-year performance period. Reflects the number of performance shares that vested at the effective time of the Merger. Due to the change in control of the Issuer resulting from the consummation of the Merger, the performance period concluded at the effective time of the Merger. The performance shares were disposed of pursuant to the Merger Agreement, and the Reporting Person received the Merger Consideration at the effective time of the Merger for each such vested performance share, less applicable withholding. At the effective time of the Merger, each outstanding stock option was converted into 0.784 of a WPG option with an exercise price of $32.75. Stock options were exercisable in three equal annual installments commencing on March 9, 2006. At the effective time of the Merger, each outstanding stock option was converted into 0.784 of a WPG option with an exercise price of $32.17. Stock options were exercisable in three equal annual installments commencing on May 5, 2007. At the Reporting Person's option, these Units were redeemable at any time for, at the option of Glimcher LP, (a) cash or (b) the Issuer's common shares of beneficial interest on a one-for-one basis. The price of a Unit would have been equal to its fair market value (which was generally the value of a common share of beneficial interest of the Issuer) computed as of the date of redemption. Disposed of pursuant to the Merger Agreement and converted into 0.7431 of a limited partnership unit of Washington Prime Group, L. P. /s/ Mark E. Yale, Attorney-in-Fact 2015-01-20