X0202 4 2006-01-31 0 0000929454 GLENBOROUGH REALTY TRUST INC GLB 0001191698 MAGNUSON RICHARD A GLENBOROUGH REALTY TRUST INCORPORATED 400 SOUTH EL CAMINO REAL SAN MATEO CA 94402 1 0 0 0 Common Stock 2006-01-31 4 A 0 2000 0.00 A 15500 D The shares were granted pursuant to (i) the Issuer's 1996 Stock Incentive Plan, as amended (the "Plan"), and (ii) a Director's Restricted Stock Bonus Agreement (the "Agreement") between the reporting person and the Issuer. No consideration was given by the reporting person other than the terms and conditions specified in the Plan and the Agreement. No shares granted in connection with this report will vest until, but all such shares will be fully vested on, January 5, 2007. /s/ Richard A Magnuson 2006-02-02