<SUBMISSION>
<ACCESSION-NUMBER>0001206774-09-000629
<TYPE>DEF 14A
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20090512
<FILING-DATE>20090327
<DATE-OF-FILING-DATE-CHANGE>20090327
<EFFECTIVENESS-DATE>20090327
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>KIMCO REALTY CORP
<CIK>0000879101
<ASSIGNED-SIC>6798
<IRS-NUMBER>132744380
<STATE-OF-INCORPORATION>MD
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>DEF 14A
<ACT>34
<FILE-NUMBER>001-10899
<FILM-NUMBER>09710554
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>3333 NEW HYDE PARK RD
<STREET2>PO BOX 5020
<CITY>NEW HYDE PARK
<STATE>NY
<ZIP>11042
<PHONE>5168699000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>3333 NEW HYDE PARK ROAD
<STREET2>PO BOX 5020
<CITY>NEW HYDE PARKQ
<STATE>NY
<ZIP>11042
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>kimcorealtycorp_def14a.htm
<DESCRIPTION>DEFINITIVE PROXY STATEMENT
<TEXT>

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<P align=center><B><FONT face=serif size=2>SCHEDULE 14A <BR>(Rule 14a-101)
<BR></FONT></B><B><FONT face=serif size=2>INFORMATION REQUIRED IN PROXY
STATEMENT <BR>SCHEDULE 14A INFORMATION <BR></FONT></B><B><FONT face=serif size=2>Proxy Statement Pursuant to Section 14(a) of the Securities <BR>Exchange
Act of 1934 </FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="100%" colSpan=3><FONT face=serif size=2>Filed
      by the Registrant&nbsp;<FONT face=Wingdings>x</FONT></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="100%" colSpan=3><FONT face=serif size=2>Filed
      by a party other than the Registrant <FONT face=Wingdings>o</FONT></FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=left width="98%">&nbsp;&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="100%" colSpan=3><FONT face=serif size=2>Check
      the appropriate box:</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"><FONT face=Wingdings size=2>o</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="98%"><FONT face=serif size=2>Preliminary
      proxy statement</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"><FONT face=Wingdings size=2>x</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="98%"><FONT face=serif size=2>Definitive proxy
      statement</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"><FONT face=Wingdings size=2>o</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="98%"><FONT face=serif size=2>Definitive
      additional materials</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"><FONT face=Wingdings size=2>o</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="98%"><FONT face=serif size=2>Soliciting
      material pursuant to Rule 14a-11(c) or Rule 14a-12</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"><FONT face=Wingdings size=2>o</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="98%"><FONT face=serif size=2>Confidential,
      For Use of the Commission Only (as permitted by Rule
  14a&#150;6(e)(2))</FONT></TD></TR></TABLE><BR>
<P align=center><B><FONT face=serif size=5>KIMCO REALTY CORPORATION
<BR></FONT></B><B><FONT face=serif size=2>(Name of Registrant as Specified in
Its Charter)
<BR>__________________________________________________________________<BR></FONT></B><B><FONT face=serif size=2>(Name of Person(s) Filing Proxy Statement, if Other Than the
Registrant) </FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="100%" colSpan=3><FONT face=serif size=2>Payment of Filing Fee (Check the appropriate box):</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=Wingdings size=2>x</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2>No fee
      required.</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=Wingdings size=2>o</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2>Fee computed
      on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="1%">&nbsp;</TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2>Title of
      each class of securities to which transaction applies:</FONT></TD></TR>
  <TR>
    <TD vAlign=top align=left width="100%" colSpan=3>&nbsp;&nbsp;&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=serif size=2>(2)</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2>Aggregate
      number of securities to which transactions applies:</FONT></TD></TR>
  <TR>
    <TD vAlign=top align=left width="100%" colSpan=3>&nbsp;&nbsp;&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=serif size=2>(3)</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%">&nbsp;</TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2>Per unit
      price or other underlying value of transaction computed pursuant to
      Exchange Act Rule 0-11 (set forth the amount on which the filing fee is
      calculated and state how it was determined):</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2>&nbsp;
      </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=serif size=2>(4)</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2>Proposed
      maximum aggregate value of transaction.</FONT></TD></TR>
  <TR>
    <TD vAlign=top align=left width="100%" colSpan=3>&nbsp;&nbsp;&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=serif size=2>(5)</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2>Total fee
      paid:</FONT></TD></TR>
  <TR>
    <TD vAlign=top align=left width="100%" colSpan=3>&nbsp;&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2><FONT face=Wingdings>o</FONT><FONT face="Times New Roman" size=3>
      </FONT></FONT><FONT face=serif size=2>Fee paid previously with preliminary
      materials:</FONT></TD></TR>
  <TR>
    <TD vAlign=top align=left width="100%" colSpan=3>&nbsp;&nbsp;&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2><FONT face=Wingdings>o</FONT><FONT face="Times New Roman" size=3>
      </FONT></FONT><FONT face=serif size=2>Check box if any part of the fee is
      offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing
      for which the offsetting fee was paid previously. Identify the previous
      filing by registration statement number, or the form or schedule and the
      date of its filing.</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2>&nbsp;
      </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=serif size=2><FONT face=serif>(1</FONT>)</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2>Amount
      previously paid:</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%">&nbsp;&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=serif size=2><FONT face=serif>(2</FONT>)</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2>Form,
      Schedule or Registration Statement No.:</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="1%"><FONT face=serif size=2><FONT face=serif>(3</FONT>)</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="98%"><FONT face=serif size=2>Filing
      Party:</FONT></TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"><FONT face=serif size=2><FONT face=serif>(4)</FONT></FONT></TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD noWrap align=left width="97%"><FONT face=serif size=2>Date Filed:
      _________________________________________________________________________________</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><FONT face=sans-serif size=2>KIMCO REALTY CORPORATION</FONT></P>
<P align=center><FONT face=sans-serif size=2>3333 NEW HYDE PARK ROAD<BR>NEW HYDE
PARK, NY 11042-0020</FONT></P>
<P align=center><B><FONT face=sans-serif size=2>NOTICE OF ANNUAL MEETING OF
STOCKHOLDERS</FONT></B></P>
<P align=justify><FONT face=sans-serif size=2>Dear Stockholder:</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>We
cordially invite you to attend the annual stockholders&#146; meeting of Kimco Realty
Corporation, a Maryland corporation (the &#147;Company&#148;). The meeting will be held on
Tuesday, May 12, 2009 at 10:00 A.M. (local time), at 277 Park Avenue, 17th
Floor, New York, NY 10017.</FONT></P>
<P align=justify><FONT face=sans-serif size=2><FONT face="Times New Roman" size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>At the annual meeting, stockholders
will be asked to:</FONT></P>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top noWrap><FONT face=sans-serif size=2>1.</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=2>Elect eight
      directors to serve for a term of one year and until their successors are
      duly elected and qualify;</FONT></TD></TR>
  <TR>
    <TD noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top noWrap><FONT face=sans-serif size=2>2.</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=2>Ratify the
      appointment of PricewaterhouseCoopers LLP as the Company&#146;s independent
      registered public accounting firm for 2009; and</FONT></TD></TR>
  <TR>
    <TD noWrap></TD>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top noWrap><FONT face=sans-serif size=2>3.</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=2>Transact such
      other business as may properly come before the meeting or any
      adjournment(s) or postponement(s) thereof.</FONT></TD></TR></TABLE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
Board of Directors of the Company recommends that stockholders vote
</FONT><B><FONT face=sans-serif size=2>FOR</FONT></B><FONT face=sans-serif size=2> the election of the Board of Director nominees named herein and
</FONT><B><FONT face=sans-serif size=2>FOR</FONT></B><FONT face=sans-serif size=2> the ratification of the appointment of PricewaterhouseCoopers LLP as the
Company&#146;s independent registered public accounting firm for 2009. Please refer
to the Proxy Statement, which forms a part of this Notice and is incorporated
herein by reference, for further information with respect to the business to be
transacted at the annual meeting.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
close of business on March 18, 2009 was the record date for determining
stockholders entitled to notice of, and to vote at, the annual
meeting.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>We
are pleased to take advantage of the Securities and Exchange Commission rules
allowing companies to furnish proxy materials to their stockholders over the
Internet. We believe that this e-proxy process will expedite stockholders&#146;
receipt of proxy materials and lower the costs and reduce the environmental
impact of our annual meeting. We will send a Notice of Internet Availability of
Proxy Materials (the &#147;Notice of Internet Availability&#148;) on or about April 2,
2009, and provide access to our proxy materials over the Internet, beginning on
April 2, 2009, for the holders of record and beneficial owners of our common
stock as of the close of business on the record date. If you received a Notice
of Internet Availability by mail, you will not receive a printed copy of the
proxy materials in the mail. Instead, the Notice of Internet Availability
instructs you on how to access and review this proxy statement and our annual
report. The Notice of Internet Availability also instructs you on how you may
submit your proxy over the Internet. If you received a Notice of Internet
Availability by mail and would like to receive a printed copy of our proxy
materials, you should follow the instructions for requesting such materials
included in the Notice of Internet Availability. We are also sending proxy
materials to any stockholder who elected to receive their proxy materials by
mail or e-mail in accordance with their election.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Your
proxy is important. Whether or not you plan to attend the annual meeting, please
authorize your proxy by Internet, telephone, or, if you received a paper copy of
the materials by mail, mark, sign, date, and return your proxy card, so that
your shares will be represented at the annual meeting.</FONT></P>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 width="50%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="100%"><B><FONT face=sans-serif size=2>BY
      ORDER OF THE BOARD OF DIRECTORS,</FONT></B>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="100%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;<FONT face=sans-serif size=2><U>/s/ Bruce
      Rubenstein</U></FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="100%">&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;<FONT face=sans-serif size=2>Bruce Rubenstein</FONT>&nbsp;
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="100%">&nbsp;&nbsp;&nbsp;&nbsp;
      &nbsp;&nbsp;<FONT face=sans-serif size=2>Secretary</FONT>&nbsp;
  </TD></TR></TABLE></DIV><BR>
<P align=justify><FONT face=sans-serif size=2>March 27, 2009</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><FONT face=sans-serif size=2>KIMCO REALTY CORPORATION</FONT></P>
<P align=center><FONT face=sans-serif size=2>3333 NEW HYDE PARK ROAD, NEW HYDE
PARK, NY 11042-0020<BR>__________</FONT></P>
<P align=center><B><FONT face=sans-serif size=2>PROXY
STATEMENT<BR></FONT></B><B><FONT face=sans-serif size=2>FOR<BR></FONT></B><B><FONT face=sans-serif size=2>ANNUAL MEETING OF
STOCKHOLDERS</FONT></B></P>
<P align=center><B><FONT face=sans-serif size=2>to be held on May 12,
2009</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>This
Proxy Statement is furnished to holders of record of the Common Stock, par value
$0.01 per share (the &#147;Common Stock&#148;), of Kimco Realty Corporation, a Maryland
corporation (the &#147;Company&#148;), in connection with the solicitation of proxies for
use at the 2009 Annual Meeting of Stockholders (the &#147;Meeting&#148;) of the Company to
be held on Tuesday, May 12, 2009, at 10:00 A.M. (local time), at 277 Park
Avenue, 17th Floor, New York, NY 10017 for the purposes set forth in the Notice
of Annual Meeting of Stockholders.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>This
solicitation is made by the Company on behalf of the Board of Directors of the
Company (the &#147;Board of Directors&#148; or the &#147;Board&#148;). Costs of this solicitation
will be borne by the Company. Directors, officers, employees and agents of the
Company and its affiliates may also solicit proxies by telephone, telegraph,
fax, e-mail or personal interview. The Company will reimburse banks, brokerage
firms and other custodians, nominees and fiduciaries for reasonable expenses
incurred by them in sending proxy materials to stockholders. The Company will
pay fees of approximately $6,000 to The Altman Group, Inc. for soliciting
proxies for the Company.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Holders of record of the Common Stock as of the close of business on the
record date, March 18, 2009, are entitled to receive notice of, and to vote at,
the Meeting. The outstanding Common Stock constitutes the only class of
securities entitled to vote at the Meeting and each share of Common Stock
entitles the holder thereof to one vote. At the close of business on March 18,
2009, there were 271,083,555</FONT><FONT face=sans-serif size=2> </FONT><FONT face=sans-serif size=2>shares of Common Stock outstanding. The presence at the
Meeting, in person or by proxy, of holders of a majority of such shares will
constitute a quorum for the transaction of business at the Meeting.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Stockholders can vote in person at the Meeting or by proxy. There are
three ways to vote by proxy:</FONT></P>
<UL style="FONT-SIZE: 10pt; TEXT-ALIGN: justify">
  <LI><FONT face=sans-serif size=2>By Telephone &#151; Stockholders located in the
  United States can authorize their proxy by</FONT> <FONT face=sans-serif size=2>telephone by calling 1-800-690-6903 and following the instructions on
  the proxy card;<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>By Internet &#151; Stockholders can authorize
  their proxy over the Internet at <U>www.proxyvote.com</U> by following the
  instructions on the proxy card; or<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>By Mail &#151; If you received your proxy
  materials by mail, you can vote by mail by signing, dating</FONT> <FONT face=sans-serif size=2>and mailing the enclosed proxy card.</FONT></LI></UL>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Telephone and Internet voting facilities for stockholders of record will
be available 24 hours a day and will close at 11:59 p.m. (EDT) on May 11,
2009.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>If
your shares are held in the name of a bank, broker or other holder of record,
you will receive instructions from the holder of record. You must follow the
instructions of the holder of record in order for your shares to be voted.
Telephone and Internet voting also will be offered to stockholders owning shares
through certain banks and brokers. If your shares are not registered in your own
name and you plan to vote your shares in person at the Meeting, you should
contact your broker or agent to obtain a legal proxy or broker&#146;s proxy card and
bring it to the Meeting in order to vote.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>If
you vote by proxy, the individuals named on the proxy card (your &#147;proxies&#148;) will
vote your shares in the manner you indicate. You may specify whether your shares
should be voted for or against all, some or none of the nominees for director
and whether your shares should be voted for or against the other proposal. If
you sign and return the proxy card without indicating your instructions, your
shares will be voted as follows:</FONT></P>
<P align=center><FONT face=sans-serif size=2>1</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Shares represented by proxies, if such proxies are properly executed and
returned and not revoked, will be voted as specified. Where no specification is
made on a properly executed and returned form of proxy, the shares will be voted
(i) </FONT><B><FONT face=sans-serif size=2>FOR</FONT></B><FONT face=sans-serif size=2> the election of all nominees for Director (See Proposal 1) and (ii)
</FONT><B><FONT face=sans-serif size=2>FOR</FONT></B><FONT face=sans-serif size=2> ratification of the appointment of PricewaterhouseCoopers LLP as the
Company&#146;s independent registered public accounting firm for 2009 (see Proposal
2). To be voted, proxies must be filed with the Secretary of the Company prior
to voting. Proxies may be revoked at any time before exercise (i) by filing a
notice of such revocation with the Secretary of the Company, (ii) by filing a
later-dated proxy with the Secretary of the Company or (iii) by voting in person
at the Meeting. Dissenting stockholders will not have rights of appraisal with
respect to any matter to be acted upon at the Meeting.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Under Maryland law, shares represented by proxies that reflect
abstentions or &#147;broker non-votes&#148; (i.e., shares held by a broker or nominee
which are represented at the Meeting, but with respect to which such broker or
nominee is not empowered by the beneficial owner of the stock to vote on a
particular proposal) will be counted as shares that are present and entitled to
vote for purposes of determining the presence of a quorum.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>If
you intend to vote in person, you may be asked to present valid photo
identification, such as a driver&#146;s license or passport, before being admitted to
the Meeting. Cameras, recording devices and other electronic devices will not be
permitted at the Meeting. If you hold shares in &#147;street name&#148; (that is, through
a bank, broker or other nominee) and would like to attend the Meeting, you will
need to bring an account statement or other acceptable evidence of ownership of
our Common Stock on March 18, 2009, the record date for voting. Alternatively,
in order to vote, you may obtain a proxy from your bank, broker or other nominee
and bring the proxy to the Meeting.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
Securities and Exchange Commission&#146;s rules permit us to deliver a single Notice
or set of Annual Meeting materials to one address shared by two or more of our
stockholders. We have delivered only one proxy statement and annual report to
multiple stockholders who share an address, unless we received contrary
instructions from the impacted stockholders prior to the mailing date. We will
promptly deliver, upon written or oral request, a separate copy of the Notice or
Annual Meeting materials, as requested, to any stockholder at the shared address
to which a single copy of those documents was delivered. If you prefer to
receive separate copies of the proxy statement or annual report, contact
Broadridge Financial Solutions, Inc. at 1-800-542-1061 or in writing at
Broadridge, Householding Department, 51 Mercedes Way, Edgewood, NY 11717. If you
are currently a stockholder sharing an address with another stockholder and wish
to receive only one copy of future Notices, proxy statements and annual reports
for your household, please contact Broadridge at the above phone number or
address.</FONT></P>
<P align=center><FONT face=sans-serif size=2>2</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><B><FONT face=sans-serif size=2>PROPOSAL 1<BR>Election of
Directors</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
Company&#146;s Bylaws, as amended (the &#147;Bylaws&#148;), provide that all directors be
elected at each annual meeting of stockholders. Pursuant to the Company&#146;s
charter and such Bylaws, the Board of Directors has fixed the number of
directors to be elected at eight. The persons named as proxies in the
accompanying form of proxy intend to vote in favor of the election of the eight
nominees for director designated below to serve until the next annual meeting of
stockholders and until their respective successors are duly elected and
qualified. It is expected that each of these nominees will be able to serve, but
if any such nominee is unable to serve, the proxies may vote for another person
nominated by the Nominating and Corporate Governance Committee and approved by
the Board of Directors or the Board may, to the extent permissible by the
Bylaws, reduce the number of directors to be elected at the Meeting.</FONT></P>
<P align=justify><B><FONT face=sans-serif size=2>Information Regarding Nominees
(as of March 18, 2009)</FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=center width="35%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="60%"><FONT face=sans-serif size=1><FONT face="Times New Roman" size=3>&nbsp;</FONT>Present Principal Occupation
      or</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="35%"><FONT face=sans-serif size=1><FONT face="Times New Roman" size=3>&nbsp;</FONT>Name</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="2%"><FONT face=sans-serif size=1>Age</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="60%"><FONT face=sans-serif size=1><FONT face="Times New Roman" size=3>&nbsp;</FONT>Employment and Five-Year Employment
    History</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="35%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Milton Cooper</FONT></TD>
    <TD vAlign=top noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD vAlign=top noWrap align=center width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=1>80</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="PADDING-LEFT: 15pt; TEXT-INDENT: -15pt" vAlign=top align=left width="60%" bgColor=#c0c0c0>
      <P align=justify><FONT face=sans-serif size=1>Chairman of the Board of
      Directors and Chief Executive Officer of the Company since November 1991;
      Director and President of the Company for more than five years prior to
      such date. Founding member of the Company&#146;s predecessor in
    1966.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width="99%" colSpan=5>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="35%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Richard G. Dooley (1)(2)(3)(4)</FONT></TD>
    <TD vAlign=top noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD vAlign=top noWrap align=center width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=1>79</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="PADDING-LEFT: 15pt; TEXT-INDENT: -15pt" vAlign=top align=left width="60%" bgColor=#c0c0c0>
      <P align=justify><FONT face=sans-serif size=1>Director of the Company
      since December 1991. From 1993 to 2003 consultant to, and from 1978 to
      1993, Executive Vice President and Chief Investment Officer of
      Massachusetts Mutual Life Insurance Company.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width="99%" colSpan=5>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="35%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Joe Grills (1)(2)(3)</FONT></TD>
    <TD vAlign=top noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD vAlign=top noWrap align=center width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=1>73</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="PADDING-LEFT: 15pt; TEXT-INDENT: -15pt" vAlign=top align=left width="60%" bgColor=#c0c0c0>
      <P align=justify><FONT face=sans-serif size=1>Director of the Company
      since January 1997. Chief Investment Officer for the IBM Retirement Funds
      from 1986 to 1993 and held various positions at IBM for more than five
      years prior to 1986.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width="99%" colSpan=5>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="35%" bgColor=#c0c0c0><FONT face=sans-serif size=1>David B. Henry</FONT></TD>
    <TD vAlign=top noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD vAlign=top noWrap align=center width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=1>60</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="PADDING-LEFT: 15pt; TEXT-INDENT: -15pt" vAlign=top align=left width="60%" bgColor=#c0c0c0>
      <P align=justify><FONT face=sans-serif size=1>Vice Chairman of the Board
      of Directors of the Company since May 2001; since December 2008, President
      of the Company and, since April 2001, Chief Investment Officer of the
      Company. Prior to joining the Company, Chief Investment Officer of G.E.
      Capital Real Estate since 1997 and held various positions at G.E. Capital
      for more than five years prior to 1997.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width="99%" colSpan=5>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="35%" bgColor=#c0c0c0><FONT face=sans-serif size=1>F. Patrick Hughes (1)(2)(3)</FONT></TD>
    <TD vAlign=top noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD vAlign=top noWrap align=center width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=1>61</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="PADDING-LEFT: 15pt; TEXT-INDENT: -15pt" vAlign=top align=left width="60%" bgColor=#c0c0c0>
      <P align=justify><FONT face=sans-serif size=1>Director of the Company
      since October 2003. President, Hughes &amp; Associates, LLC since October
      2003. Previously served as Chief Executive Officer, President and Trustee
      of Mid-Atlantic Realty Trust from its formation in 1993 to
    2003.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width="99%" colSpan=5>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="35%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Frank Lourenso (1)(2)</FONT></TD>
    <TD vAlign=top noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD vAlign=top noWrap align=center width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=1>68</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="PADDING-LEFT: 15pt; TEXT-INDENT: -15pt" vAlign=top align=left width="60%" bgColor=#c0c0c0>
      <P align=justify><FONT face=sans-serif size=1>Director of the Company
      since December 1991. Executive Vice President of JPMorgan Chase &amp; Co.
      (&#147;J.P. Morgan,&#148; and successor by merger to The Chase Manhattan Bank and
      Chemical Bank, N.A.) since 1990. Senior Vice President of J.P. Morgan for
      more than five years prior to 1990.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width="99%" colSpan=5>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="35%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Richard Saltzman (1)(2)</FONT></TD>
    <TD vAlign=top noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD vAlign=top noWrap align=center width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=1>52</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="PADDING-LEFT: 15pt; TEXT-INDENT: -15pt" vAlign=top align=left width="60%" bgColor=#c0c0c0>
      <P align=justify><FONT face=sans-serif size=1>Director of the Company
      since July 2003. President, Colony Capital LLC, (&#147;Colony&#148;) since May 2003.
      Prior to joining Colony, Managing Director and Vice Chairman of Merrill
      Lynch&#146;s investment banking division and held various other positions at
      Merrill Lynch for more than five years prior to that
time.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top width="99%" colSpan=5>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap align=left width="35%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Philip E. Coviello (1)(2)(3)</FONT></TD>
    <TD vAlign=top noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD vAlign=top noWrap align=center width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=1>65</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="PADDING-LEFT: 15pt; TEXT-INDENT: -15pt" vAlign=top align=left width="60%" bgColor=#c0c0c0>
      <P align=justify><FONT face=sans-serif size=1>Director of the Company
      since May 2008. Partner of Latham &amp; Watkins LLP, an international law
      firm, for 18 years until his retirement from that firm as of December 31,
      2003. Latham &amp; Watkins LLP provides legal services to the
      Company.</FONT></P></TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(1)</FONT></TD>
    <TD noWrap><FONT face=Arial size=1>&nbsp;</FONT></TD>
    <TD width="100%"><FONT face=sans-serif size=1>Member of Executive
      Compensation Committee.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(2)</FONT></TD>
    <TD noWrap><FONT face=Arial size=1>&nbsp;</FONT></TD>
    <TD width="100%"><FONT face=sans-serif size=1>Member of Nominating and
      Corporate Governance Committee.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(3)</FONT></TD>
    <TD noWrap><FONT face=Arial size=1>&nbsp;</FONT></TD>
    <TD width="100%"><FONT face=sans-serif size=1>Member of Audit
      Committee.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(4)</FONT></TD>
    <TD noWrap><FONT face=Arial size=1>&nbsp;</FONT></TD>
    <TD width="100%"><FONT face=sans-serif size=1>Lead
  Director.</FONT></TD></TR></TABLE>
<P align=center><FONT face=sans-serif size=2>3</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Mr.
Cooper is also a director of Getty Realty Corp. and Blue Ridge Real Estate/Big
Boulder Corporation.</FONT></P>
<P align=justify><FONT face=sans-serif size=2><FONT face="Times New Roman" size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Mr. Dooley is also a director of
Jefferies Group, Inc.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Mr.
Grills is also a Director Emeritus of Duke University Management Company. He
also serves as a member and former Chairman of the Investment Advisory Committee
of the Virginia Retirement System. Mr. Grills is a member of the Association of
Financial Professionals Committee on Investment of Employee Benefit Assets and
its executive committee and is a former chairman of that committee. He is also a
Trustee of the National Trust for Historic Preservation.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Mr.
Henry is also a director of Health Care Property Investors, Inc. and The Retail
Initiative, Inc., an affiliated company of Local Initiatives Support Corporation
(LISC).</FONT></P>
<P align=justify><FONT face=sans-serif size=2><FONT face="Times New Roman" size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Mr. Hughes is also a trustee of the
State Retirement and Pension System of Maryland.</FONT></P>
<P align=justify><FONT face=sans-serif size=2><FONT face="Times New Roman" size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Mr. Coviello is also a director of
Getty Realty Corp.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Term of Office.</FONT></I><FONT face=sans-serif size=2> All directors of
the Company serve terms of one year and until the election and qualification of
their respective successors.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Attendance at Board Meetings and 2008 Annual Meeting.</FONT></I><FONT face=sans-serif size=2> The Board of Directors met nine times in person or
telephonically in 2008. All of the current members of the Board attended at
least 75% of the meetings held during their tenure. All of the Directors of the
Board were in attendance at the 2008 Annual Meeting of Stockholders held on May
13, 2008. Our Director Attendance policy is included in our Corporate Governance
Guidelines, which is available through the Investor Relations/Corporate
Governance/Highlights/Governance Documents section of the Company&#146;s website
located at <U>www.kimcorealty.com</U> and is available in print to any
stockholder who requests it.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Stockholder Communications with Directors</FONT></I><FONT face=sans-serif size=2>. The Audit Committee and the non-management directors have established
procedures to enable anyone who has a concern about the Company&#146;s conduct or
policies, or any employee who has a concern about the Company&#146;s accounting,
internal accounting controls or auditing matters, to communicate that concern
directly to the Board, to the Lead Director, to the non-management directors or
to the Audit Committee. Such communications may be confidential or anonymous,
and may be submitted in writing by sending a letter by mail addressed to the
Board of Directors, the non-management directors or the Lead Director by sending
a letter by mail addressed to the Board of Directors or the non-management
directors (or Lead Director) c/o Secretary of the Company, Kimco Realty
Corporation, 3333 New Hyde Park Road, New Hyde Park, New York, 11042-0020. The
Board has designated Richard G. Dooley as its Lead Director to review
stockholder communications and present them to the entire Board or forward them
to the appropriate Directors.</FONT></P>
<P align=justify><B><FONT face=sans-serif size=2>Director
Independence</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Pursuant to the New York Stock Exchange listing standards, our Board of
Directors has adopted a formal set of categorical standards of Director
Independence. These categorical standards specify the criteria by which the
independence of our Directors will be determined, including guidelines for
Directors and their immediate families with respect to past employment or
affiliation with the Company or its independent registered public accounting
firm. These categorical standards meet, and in some areas exceed, the listing
standards of the New York Stock Exchange. The Board&#146;s categorical standards are
included in our Corporate Governance Guidelines, which is available through the
Investor Relations/Corporate Governance/Highlights/Governance Documents section
of the Company&#146;s website located at <U>www.kimcorealty.com</U>.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>In
accordance with these categorical standards and the listing standards of the New
York Stock Exchange, the Board undertook its annual review of the independence
of its Directors on February 3, 2009. During this review, the Board considered
transactions and relationships between each Director or members of his immediate
family and the Company. The Board also considered whether there were any
transactions or relationships between Directors or members of their immediate
family (or any entity</FONT></P>
<P align=center><FONT face=sans-serif size=2>4</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=sans-serif size=2>of which a Director or an
immediate family member is an executive officer, general partner or significant
equity holder). The purpose of this review was to determine whether any such
relationships or transactions existed that were inconsistent with a
determination that the Director is independent.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>As a
result of this review, the Board affirmatively determined that the following
nominees for Director are independent of the Company and its management under
the standards set forth in the categorical standards and the New York Stock
Exchange listing requirements:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=center width="49%"><FONT face=sans-serif size=2><FONT face="Times New Roman" size=3>&nbsp;</FONT>Joe Grills</FONT>&nbsp;</TD>
    <TD noWrap align=center width="50%"><FONT face=sans-serif size=2><FONT face="Times New Roman" size=3>&nbsp;</FONT>Richard G.
    Dooley</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="49%"><FONT face=sans-serif size=2><FONT face="Times New Roman" size=3>&nbsp;</FONT>Frank Lourenso</FONT>&nbsp;</TD>
    <TD noWrap align=center width="50%"><FONT face=sans-serif size=2><FONT face="Times New Roman" size=3>&nbsp;</FONT>F. Patrick
    Hughes</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="49%"><FONT face=sans-serif size=2><FONT face="Times New Roman" size=3>&nbsp;</FONT>Philip E.
    Coviello</FONT>&nbsp;</TD>
    <TD noWrap align=center width="50%"><FONT face=sans-serif size=2><FONT face="Times New Roman" size=3>&nbsp;</FONT>Richard
  Saltzman</FONT>&nbsp;</TD></TR></TABLE><BR>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>In
making these determinations, the Board considered the relationships and
transactions described under the caption &#147;Certain Relationships and Related
Transactions&#148; beginning on page 32.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>With
respect to all transactions considered by the Board, the amount involved in
these transactions in each of the last three years did not approach the
thresholds set forth in the categorical standards. In addition, none of the
Directors&#146; family members served as an executive officer of the
Company.</FONT></P>
<P align=justify><B><FONT face=sans-serif size=2>Committees of the Board of
Directors</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Audit Committee. </FONT></I><FONT face=sans-serif size=2>The Audit
Committee currently consists of Mr. Hughes, who is chairman of the Audit
Committee, Mr. Dooley, Mr. Grills and Mr. Coviello, all of whom are independent
directors. The Board of Directors has established the Audit Committee to (i)
appoint and oversee the engagement of independent registered public accountants,
(ii) review with the independent registered public accountants their plans and
results of the audit engagement, (iii) approve professional services provided by
the independent registered public accountants, (iv) review the independence of
the independent registered public accountants, (v) consider the range of audit
and non-audit fees, (vi) review the Company&#146;s financial statements and financial
reporting issues and (vii) review the adequacy of the Company&#146;s internal
accounting controls. Nine meetings of the Audit Committee were held in person or
telephonically during 2008. Each of Mr. Hughes, Mr. Dooley, Mr. Grills and Mr.
Coviello is an &#147;audit committee financial expert&#148;, as determined by the Board in
accordance with Item 407(d)(5) of Regulation S-K, and are &#147;independent&#148; from the
Company as defined by the current listing standards of the New York Stock
Exchange. The Audit Committee operates under a written charter, as amended,
adopted by the Board of Directors. A copy of the Audit Committee Charter, as
amended, is available through the Investor Relations/Corporate
Governance/Highlights/Committee Charters section of the Company&#146;s website
located at <U>www.kimcorealty.com</U> and is available in print to any
stockholder who requests it.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Executive Compensation Committee.</FONT></I><FONT face=sans-serif size=2>
The Executive Compensation Committee currently consists of Mr. Grills, who is
chairman of the Executive Compensation Committee, Mr. Dooley, Mr. Lourenso, Mr.
Hughes, Mr. Saltzman and Mr. Coviello, all of whom are independent directors.
The Board of Directors has established an Executive Compensation Committee to
(i) review (in consultation with management or the Board), recommend to the
Board for approval and evaluate the compensation plans, policies and programs of
the Company, especially those regarding executive compensation and (ii)
determine the compensation of the chief executive officer and all other
executive officers of the Company.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>More
specifically, the Executive Compensation Committee annually reviews and approves
corporate goals and objectives relevant to the total direct compensation&#151;that
is, changes in base salary, bonus payments and equity awards&#151;of the Chief
Executive Officer. For other named executive officers, the Executive
Compensation Committee reviews their performance against these goals and
objectives and, based on its evaluation, approves their total direct
compensation. The details of the processes and procedures involved are described
in the Compensation Discussion and Analysis (&#147;CD&amp;A&#148;) beginning on page
9.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Twelve meetings of the Executive Compensation Committee were held in
person or telephonically during 2008. The Executive Compensation Committee
operates under a written charter adopted by the Board of Directors. A copy of
the Executive Compensation Committee Charter is available through the Investor
Relations/Corporate Governance/Highlights/Committee Charters section of the
Company&#146;s website located at <U>www.kimcorealty.com</U> and is available in
print to any stockholder who requests it.</FONT></P>
<P align=center><FONT face=sans-serif size=2>5</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Nominating and Corporate Governance Committee</FONT></I><FONT face=sans-serif size=2>. The Board of Directors has established a Nominating and
Corporate Governance Committee which currently consists of Mr. Dooley, who is
chairman of the Nominating and Corporate Governance Committee, Mr. Grills, Mr.
Lourenso, Mr. Hughes, Mr. Saltzman and Mr. Coviello, all of whom are independent
directors as defined by the rules of the New York Stock Exchange. The functions
of the Nominating and Corporate Governance Committee include recommending
candidates for annual election to the Board of Directors, to fill vacancies on
the Board of Directors that may arise from time-to-time and senior management
succession. The Nominating and Corporate Governance Committee is not limited to
any specific process in identifying candidates and will consider candidates
suggested by other members of the Board, as well as candidates recommended by
stockholders, provided such recommendations are submitted in writing ninety days
in advance of the anniversary of the preceding year&#146;s annual meeting of
stockholders. Such recommendations should include the name and address and other
pertinent information about the candidate as is required to be included in the
Company&#146;s proxy statement. Recommendations should be submitted to the Secretary
of the Company. In addition, the Nominating and Corporate Governance Committee
is authorized to retain search firms and other consultants to assist it in
identifying candidates and fulfilling other duties.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>In
reviewing possible Board candidates, including candidates recommended by
stockholders, the Committee considers a candidate&#146;s industry expertise, ethical
standards, integrity and personal reputation and accounting and finance
background. The Committee also considers other relevant factors as it deems
appropriate, including the current composition of the Board, the balance of
management and independent directors, and the evaluations of other prospective
candidates. After completing this evaluation and review, the Committee makes a
recommendation to the full Board as to the persons who should be nominated by
the Board, and the Board determines the nominees after considering the
recommendation and report of the Committee.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
Nominating and Corporate Governance Committee is also responsible for ensuring
that the Company adheres to good corporate governance principles and for
developing and implementing the Company&#146;s (i) Corporate Governance Guidelines
that apply to all of its directors and management and (ii) Code of Business
Conduct and Ethics for all of its directors and employees. The Nominating and
Corporate Governance Committee is also charged with the task of ensuring the
Company&#146;s compliance with all New York Stock Exchange listing requirements. Four
meetings of the Nominating and Corporate Governance Committee were held in
person during 2008. The Nominating and Corporate Governance Committee operates
under a written charter adopted by the Board of Directors. Copies of the
Nominating and Corporate Governance Committee charter, the Corporate Governance
Guidelines, and the Code of Business Conduct and Ethics are available through
the Investor Relations/Corporate Governance/Highlights section of the Company&#146;s
website located at <U>www.kimcorealty.com</U> and are available in print to any
stockholder who requests it.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Attendance at Committee Meetings.</FONT></I><FONT face=sans-serif size=2>
Each of the Directors comprising these various Committees of the Board of
Directors attended at least 75% of all meetings of such Committees held during
their tenure.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Meetings of Non-Management Directors</FONT></I><FONT face=sans-serif size=2>. The Non-Management Directors meet in executive session at each
regularly-scheduled Board meeting, or more frequently if necessary.
&#147;Non-Management&#148; Directors are all those Directors who are not employees of the
Company. The Non-Management Directors consist of Messrs. Dooley, Grills, Hughes,
Lourenso, Saltzman and Coviello. The Board of Directors has named Richard G.
Dooley as its Lead Director. In this capacity, Mr. Dooley is designated to chair
executive sessions of the Company&#146;s Non-Management Directors and to act as a
liaison between management and other independent directors. Stockholders wishing
to communicate with the Lead Director or with the Non-Management Directors as a
group may send a letter by mail addressed to the Lead Director c/o Secretary of
the Company, Kimco Realty Corporation, 3333 New Hyde Park Road, New Hyde Park,
New York, 11042-0020.</FONT></P>
<P align=center><FONT face=sans-serif size=2>6</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=sans-serif size=2>Vote Required</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Assuming the presence of a quorum, in uncontested elections of directors,
such as this election, each director must be elected by a majority of the votes
cast by the shares of Common Stock present, in person or by proxy, and entitled
to vote at the Meeting. With respect to director elections, a &#147;majority of the
votes cast&#148; means the affirmative vote of a majority of the total votes cast
&#147;for&#148; and &#147;against&#148; such nominee. In accordance with the Company&#146;s Bylaws, for
purposes of determining the outcome of the election of directors, shares
represented by proxies reflecting abstentions or broker non-votes will not count
as a vote cast with respect to a director&#146;s election, therefore will have no
effect on the election of directors.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=sans-serif size=2>THE BOARD OF DIRECTORS OF THE COMPANY RECOMMENDS THAT YOU VOTE FOR ALL OF
THE NOMINEES SET FORTH IN THIS PROXY STATEMENT.</FONT></B></P>
<P align=center><FONT face=sans-serif size=2>7</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=sans-serif size=2>Security Ownership of Certain
Beneficial Owners and Management</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
following table sets forth certain information available to the Company, as of
March 18, 2009, with respect to shares of its Common Stock and Class F and Class
G Preferred Stock (i) held by those persons known to the Company to be the
beneficial owners (as determined under the rules of the U.S. Securities and
Exchange Commission, the &#147;SEC&#148;) of more than 5% of such shares and (ii) held,
individually and as a group, by the directors and executive officers of the
Company.</FONT></P>
<TABLE style="FONT-SIZE: 12pt; LINE-HEIGHT: 14pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=center width="67%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="16%" colSpan=7><FONT face=sans-serif size=1>Shares Owned</FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="14%" colSpan=7><FONT face=sans-serif size=1>Percent</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="67%"><FONT face=sans-serif size=1>Name
      &amp; Address (where required)</FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="16%" colSpan=7><FONT face=sans-serif size=1>Beneficially (#)</FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="14%" colSpan=7><FONT face=sans-serif size=1>of Class (%)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="67%"><FONT face=sans-serif size=1>of Beneficial Owner</FONT></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>Common</FONT></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><FONT face=sans-serif size=1>Class F</FONT></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><FONT face=sans-serif size=1>Class G</FONT></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" colSpan=3><FONT face=sans-serif size=1>Common</FONT></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=sans-serif size=1>Class F(2)</FONT></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=sans-serif size=1>Class G(2)</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Wellington Management Co, LLP.</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>29,844,739</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>(1)</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>11.0</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>75 State Street</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Boston, MA 02109</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="67%">&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Vanguard Group Inc.</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>19,626,949</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>(3)</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>7.2</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>100 Vanguard Blvd</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Malvern, PA 19355</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="67%">&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Barclays Global Investors NA</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>15,447,140</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>(4)</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>5.7</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>400 Howard Street</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>San Francisco, CA 94105</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="67%">&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Milton Cooper</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>11,829,703</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=sans-serif size=2></FONT></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>(5)(6)</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>4.4</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>c/o Kimco Realty Corporation</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>3333 New Hyde Park Rd.</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>New Hyde Park, NY 11042</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD noWrap align=left width="67%">&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Michael V. Pappagallo</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>981,576</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>(7)</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>*</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>David B.
      Henry</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>840,347</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>(8)</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>*</FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Michael Flynn</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>653,038</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>(9)</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>*</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>Jerald
      Friedman</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>423,969</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>(10)</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>*</FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Richard G. Dooley</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>400,087</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>(11)</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>*</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>Frank
      Lourenso</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>394,343</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>(12)</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>*</FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Joe Grills</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>275,628</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>(13)</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>*</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>Richard
      Saltzman</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>146,507</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>(14)</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>*</FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>F. Patrick Hughes</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>140,208</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>(15)</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>*</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%"><FONT face=sans-serif size=2>David
      Lukes</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>108,693</FONT></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>(16)</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="2%"><FONT face=sans-serif size=2>*</FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Philip E. Coviello</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>41,701</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>(17)</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>5,000</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>8,500</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>*</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>*</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>*</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="67%" bgColor=#ffffff>&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=left width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="3%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="3%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=center width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=center width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=center width="4%" bgColor=#ffffff></TD>
    <TD noWrap align=center width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=center width="4%" bgColor=#ffffff></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>All Directors and executive</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>16,493,047</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>(18)</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=sans-serif size=2>6.1</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>officer as a group (including</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>one executive officer not named</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="67%" bgColor=#c0c0c0><FONT face=sans-serif size=2>herein)</FONT></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=Arial size=1>*</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>Less than
1%</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=Arial size=1>&nbsp;</FONT></TD>
    <TD vAlign=top noWrap><FONT face=Arial size=1>&nbsp;</FONT></TD>
    <TD vAlign=top width="100%"><FONT face=Arial size=1>&nbsp;</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(1)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>The Company has received a
      copy of Schedule 13G as filed with the SEC by the Wellington Management
      Company, LLP (&#147;Wellington&#148;) reporting ownership of these shares as of
      December 31, 2008. As reported in said Schedule 13G, Wellington has shared
      voting powers with respect to 22,050,606 shares and has shared dispositive
      power for 29,815,339 shares.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(2)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>Not applicable. The
      Company&#146;s Class F and Class G Preferred Stock are not voting securities of
      the Company.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(3)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>The Company has received a
      copy of Schedule 13G as filed with the SEC by Vanguard Group Inc.
      (&#147;Vanguard&#148;) reporting ownership of these shares as of December 31, 2008.
      As reported in said Schedule 13G, Vanguard has sole voting powers with
      respect to 275,775 shares and has sole dispositive power for 19,626,949
      shares.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(4)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>The Company has received a
      copy of Schedule 13G as filed with the SEC by Barclays Global Investors NA
      and its affiliates (&#147;Barclays&#148;) reporting ownership of these shares as of
      December 31, 2008. As reported in said Schedule 13G, Barclays has sole
      voting powers with respect to 14,323,956 shares and has sole dispositive
      power for 15,447,140 shares.</FONT></P></TD></TR></TABLE>
<P align=center><FONT face=sans-serif size=2>8</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(5)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Includes 195,000
      shares held by a foundation controlled by Mr. Cooper. Does not include
      760,470 shares held by adult members of Mr. Cooper&#146;s family, as to all of
      which shares Mr. Cooper disclaims beneficial ownership. Includes options
      or rights to acquire 1,365,000 shares of Common Stock that are exercisable
      within 60 days of March 18, 2009. Includes 740,000 shares held in a margin
      account.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(6)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Excludes
      3,270,296 shares held by KC Holdings, Inc., a private corporation in which
      Mr. Cooper holds less than 10% of the outstanding equity. Mr. Cooper
      disclaims beneficial ownership of all shares indirectly held by KC
      Holdings, Inc. and does not share the power to vote or dispose of such
      shares.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(7)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Includes 320,576
      shares held by Pappagallo Family Holdings LLC, a limited liability company
      in which Mr. Pappagallo owns a majority of the equity interest and is a
      co-managing member with his spouse. Includes options or rights to acquire
      631,000 shares of Common Stock that are exercisable within 60 days of
      March 18, 2009. Includes 320,576 shares held in a margin
  account.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(8)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Does not include
      1,337 shares owned by Mr. Henry&#146;s children, as to all of which Mr. Henry
      disclaims beneficial ownership. Includes options or rights to acquire
      710,000 shares of Common Stock that are exercisable within 60 days of
      March 18, 2009. Includes 100,000 shares held in a margin
  account.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(9)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Mr. Flynn is a
      named executive officer as of December 31, 2008 but is no longer an
      executive officer of the Company as of the date of this table. Includes
      options or rights to acquire 276,500 shares of Common Stock that are
      exercisable within 60 days of March 18, 2009.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(10)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Mr. Friedman is a
      named executive officer as of December 31, 2008 but is no longer an
      executive officer of the Company as of the date of this table. Includes
      options or rights to acquire 367,978 shares of Common Stock that are
      exercisable within 60 days of March 18, 2009.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(11)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Includes options
      or rights to acquire 215,000 shares of Common Stock that are exercisable
      within 60 days of March 18, 2009.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(12)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Does not include
      4,500 shares owned by Mrs. Lourenso, his wife, as to all of which shares
      Mr. Lourenso disclaims beneficial ownership. Includes 500 shares held by
      Mr. Lourenso as trustee for the benefit of his granddaughter. Does not
      include 4,174 shares owned by Mr. Lourenso&#146;s children, as to all of which
      Mr. Lourenso disclaims beneficial ownership. Includes options or rights to
      acquire 192,500 shares of Common Stock that are exercisable within 60 days
      of March 18, 2009.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(13)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Includes options
      or rights to acquire 215,000 shares of Common Stock that are exercisable
      within 60 days of March 18, 2009. Includes 15,000 shares held in a margin
      account.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(14)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Includes 50
      shares held by Mr. Saltzman for his son. Includes options or rights to
      acquire 136,250 shares of Common Stock that are exercisable within 60 days
      of March 18, 2009.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(15)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Includes options
      or rights to acquire 130,626 shares of Common Stock that are exercisable
      within 60 days of March 18, 2009.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(16)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Includes options
      or rights to acquire 78,000 shares of Common Stock that are exercisable
      within 60 days of March 18, 2009 and 30,000 shares of restricted
      stock.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(17)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Includes 4,500
      shares held in a Testamentary Trust in which Mr. Coviello is the trustee
      and beneficiary and 1,667 shares of restricted stock. Does not include
      6,500 shares owned by Mrs. Coviello, his wife, as to all of which shares
      Mr. Coviello disclaims beneficial ownership. Includes options or rights to
      acquire 10,000 shares of Common Stock that are exercisable within 60 days
      of March 18, 2009.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(18)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Includes options
      or rights to acquire 218,489 shares of Common Stock that are exercisable
      within 60 days of March 18, 2009 by one executive officer who is not a
      director or named executive officer and includes 31,285 shares held in a
      margin account by the executive officer who is not a director or named
      executive officer.</FONT></TD></TR></TABLE>
<P align=justify><B><FONT face=sans-serif size=2>COMPENSATION DISCUSSION AND
ANALYSIS </FONT></B></P>
<P align=justify><B><FONT face=sans-serif size=2>Introduction</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>We
pay our named executive officers, or NEOs, using salary, bonus and equity
awards. We seek to pay our NEOs in a way that encourages long-term increases in
stockholder value and long-term employee retention. We also recognize that our
NEO pay must compete with what comparable employers pay. For 2008, our NEOs
were:</FONT></P>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=sans-serif size=2>Milton Cooper, Chairman of the Board of
  Directors and Chief Executive Officer;<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>David B. Henry, President and Chief
  Investment Officer;<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Michael V. Pappagallo, Executive Vice
  President, Chief Financial Officer, and Chief</FONT> <FONT face=sans-serif size=2>Administrative Officer;<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>David R. Lukes, Executive Vice President and
  Chief Operating Officer;<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Michael J. Flynn, who served as our Vice
  Chairman of the Board of Directors, President,</FONT> <FONT face=sans-serif size=2>and Chief Operating Officer prior to his transition to an
  employee-consultant arrangement on</FONT> <FONT face=sans-serif size=2>January
  1, 2009; and<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Jerald Friedman, who formerly served as an
  Executive Vice President prior to his last day of</FONT> <FONT face=sans-serif size=2>employment on December 31, 2008.</FONT> </LI></UL>
<P align=center><FONT face=sans-serif size=2>9</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Our
Board of Directors has an Executive Compensation Committee that administers and
monitors what and how we pay our NEOs and other executives. The Committee held
twelve meetings in person or by phone during 2008. The Committee comprises Joe
Grills (Chairman), Philip Coviello, Richard Dooley, Richard Saltzman, Frank
Lourenso and F. Patrick Hughes. </FONT></P>
<P align=justify><B><FONT face=sans-serif size=2>Compensation
Philosophy</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Our
pay philosophy centers on these principles:</FONT></P>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=sans-serif size=2>We motivate and reward our NEOs to achieve
  meaningful results that support our strategic goals and stockholder interests.
  Our compensation decisions consider corporate performance and each NEO&#146;s
  contributions to corporate performance.<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>We pay our NEOs a base salary, annual cash
  bonus and equity awards in the context of peer group practices. We avoid
  complex pay structures.<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>We view our NEOs as a team and pay a roughly
  similar range of base salary. We differentiate among our NEOs and recognize
  their roles and responsibilities through our cash bonuses and</FONT> <FONT face=sans-serif size=2>equity awards.<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>We use equity awards to attract and retain
  the best talent and achieve our goal of long-term</FONT> <FONT face=sans-serif size=2>value creation. We grant equity awards commensurate with each NEO&#146;s
  responsibilities and</FONT> <FONT face=sans-serif size=2>performance.<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>We manage the cost of our programs while
  maintaining their purpose and benefit to</FONT> <FONT face=sans-serif size=2>stockholders.</FONT> </LI></UL>
<P align=justify><B><FONT face=sans-serif size=2>Elements of
Compensation</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
primary elements of our 2008 executive pay package are outlined
below:</FONT></P>
<TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="22%"><FONT face=sans-serif size=1>Element</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="35%"><FONT face=sans-serif size=1>Description</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="40%"><FONT face=sans-serif size=1>Considerations</FONT> </TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="22%" bgColor=#c0c0c0>
      <P align=justify><B><FONT face=sans-serif size=2>Base
    Salary</FONT></B></P></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD vAlign=top align=left width="35%" bgColor=#c0c0c0>
      <UL style="MARGIN-BOTTOM: 1px; MARGIN-LEFT: 16px; TEXT-ALIGN: justify">
        <LI><FONT face=sans-serif size=2>Fixed compensation providing a measure
        of certainty and predictability to meet certain living and other
        financial commitments</FONT></LI></UL></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD vAlign=top align=left width="40%" bgColor=#c0c0c0>
      <UL style="MARGIN-BOTTOM: 1px; MARGIN-LEFT: 16px; TEXT-ALIGN: justify">
        <LI><FONT face=sans-serif size=2>Reviewed annually and subject to
        change</FONT>
        <LI><FONT face=sans-serif size=2>Guaranteed amounts for salaries
        in</FONT> <FONT face=sans-serif size=2>employment agreements for Messrs.
        </FONT><FONT face=sans-serif size=2>Flynn, Henry, Pappagallo,
        Lukes,</FONT> <FONT face=sans-serif size=2>and Friedman
      (1)</FONT></LI></UL></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="22%">&nbsp;</TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="35%"></TD>
    <TD vAlign=top noWrap align=left width="1%">&nbsp;</TD>
    <TD vAlign=top align=left width="40%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="22%" bgColor=#c0c0c0>
      <P align=justify><B><FONT face=sans-serif size=2>Cash
    Bonus</FONT></B></P></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD vAlign=top align=left width="35%" bgColor=#c0c0c0>
      <UL style="MARGIN-BOTTOM: 1px; MARGIN-LEFT: 16px; TEXT-ALIGN: justify">
        <LI><FONT face=sans-serif size=2>Performance based incentive which can
        vary from year to year</FONT>
        <LI><FONT face=sans-serif size=2>An additional discretionary bonus may
        be awarded to recognize exceptional NEO achievements</FONT></LI></UL></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD vAlign=top align=left width="40%" bgColor=#c0c0c0>
      <UL style="MARGIN-BOTTOM: 1px; MARGIN-LEFT: 16px; TEXT-ALIGN: justify">
        <LI><FONT face=sans-serif size=2>Reviewed annually and subject to
        change</FONT>
        <LI><FONT face=sans-serif size=2>Paid at the end of performance
        year</FONT>
        <LI><FONT face=sans-serif size=2>Guaranteed minimum amounts for bonuses
        in employment agreements for Messrs. Flynn, Henry, and Lukes
        (2)</FONT></LI></UL></TD></TR></TABLE><BR>
<P align=center><FONT face=sans-serif size=2>10</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="22%"><FONT face=sans-serif size=1>Element</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="35%"><FONT face=sans-serif size=1>Description</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="40%"><FONT face=sans-serif size=1>Considerations</FONT> </TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="22%" bgColor=#c0c0c0>
      <P align=justify><B><FONT face=sans-serif size=2>Equity
      Awards</FONT></B></P></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD vAlign=top align=left width="35%" bgColor=#c0c0c0>
      <UL style="MARGIN-BOTTOM: 1px; MARGIN-LEFT: 16px; TEXT-ALIGN: justify">
        <LI><FONT face=sans-serif size=2>Stock options with exercise price of
        100% of the market closing price of our stock on the date of the grant
        which vest ratably on each anniversary date for the four years following
        the grant date</FONT>
        <LI><FONT face=Arial size=2>Employees receiving over 7,500 stock options
        may elect to receive all or a portion of their equity award in the form
        of restricted stock; the amount of restricted stock received is
        calculated based on a ratio of the then approximate fair value of
        options over the common stock trading price</FONT>
        <LI><FONT face=Arial size=2>Restricted stock awards vest on one of two
        schedules: 1) retention-based awards vest completely (100%) after five
        years, with no interim vesting periods; and 2) annual awards received
        based on an election to receive an equity award in the form of
        restricted stock instead of options vest ratably on each anniversary
        date for the four years following the grant date.</FONT></LI></UL></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD vAlign=top align=left width="40%" bgColor=#c0c0c0>
      <UL style="MARGIN-BOTTOM: 1px; MARGIN-LEFT: 16px; TEXT-ALIGN: justify">
        <LI><FONT face=sans-serif size=2>Stock options for all employees
        historically awarded in August of the performance year at a
        predetermined date following release of second quarter financial
        results</FONT>
        <LI><FONT face=sans-serif size=2>Stock options and restricted stock
        granted to encourage retention and alignment with stockholders&#146;
        interests</FONT></LI></UL></TD></TR></TABLE>&nbsp;<BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(1)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>See &#147;Additional
      Compensation Considerations &#150; Employment Agreements&#148; below.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(2)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Mr. Flynn agreed
      to receive a bonus in 2008 which is less than the guaranteed amount for
      his bonus in his employment agreement. See &#147;Additional Compensation
      Considerations &#150; Employment Agreements&#148; below.</FONT></TD></TR></TABLE>
<P align=justify><B><FONT face=sans-serif size=2>Determining the Amounts and
Allocation of Compensation</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
Management&#146;s Discussion and Analysis section of our 2008 Annual Report provides
an initial framework for understanding the business context influencing the
Committee&#146;s decisions on NEO compensation. The Committee considered a number of
quantitative and qualitative factors in determining our NEO&#146;s 2008 compensation,
including:</FONT></P>
<P align=justify><FONT face=sans-serif size=2>Quantitative Criteria</FONT></P>
<UL style="MARGIN-LEFT: 16px; TEXT-ALIGN: justify">
  <LI><FONT face=sans-serif size=2>Funds from Operations (FFO)</FONT><SUP><FONT face=sans-serif size=2>1<BR>&nbsp;</FONT></SUP>
  <LI><FONT face=sans-serif size=2>Occupancy levels in our
  portfolio<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Contributions from real estate investment
  programs and operating businesses<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Results of operations<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Liquidity and financial
  position<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Improving operational efficiency</FONT>
</LI></UL>____________________ <BR>&nbsp;<BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>1</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-TOP: #ffffff 2pt solid" width="100%"><FONT face=sans-serif size=1>The Committee also noted the decrease in our Funds
      from Operations, or FFO, to $522.9 million for 2008 from $669.8 million
      for 2007. On a diluted per share basis, FFO decreased 22.0% to $2.02 for
      2008 from $2.59 for 2007. We calculate FFO from net income applicable to
      shares of common stock, as shown on our Consolidated Statements of Income,
      excluding gains from sales of depreciated property, plus depreciation and
      amortization, after adjustments for unconsolidated partnerships and joint
      ventures and adjustments for unrealized remeasurement of derivative
      instrument. We believe that FFO is an important metric in determining the
      success of our business as a real estate owner and
  operator.</FONT></TD></TR></TABLE>
<P align=center><FONT face=sans-serif size=2>11</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<UL style="MARGIN-LEFT: 16px; TEXT-ALIGN: justify">
  <LI><FONT face=sans-serif size=2>Return on capital<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Credit and risk management<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Historical compensation levels</FONT>
</LI></UL>
<P align=justify><FONT face=sans-serif size=2>Qualitative Criteria</FONT></P>
<UL style="MARGIN-LEFT: 16px; TEXT-ALIGN: justify">
  <LI><FONT face=sans-serif size=2>Partnership philosophy<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Individual executives&#146; contributions to
  business success &#150; see &#147;Analysis of Each NEO&#146;s Compensation&#148;</FONT> <FONT face=sans-serif size=2>below.<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Establishing, refining and executing
  strategic plans<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Continuing uncertainty with respect to
  macroeconomic conditions and instability in the capital</FONT> <FONT face=sans-serif size=2>markets<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Maintaining compliance and
  controls<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Desire for meaningful
  retention<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Motivation and mentorship of our business
  leaders</FONT> </LI></UL>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
Committee considers these factors as a whole. We also consider our CEO&#146;s
evaluation of our individual executives&#146; performance and his recommended set of
compensation actions for all NEOs. We use our business judgment to determine the
most appropriate compensation to recognize the contributions and potential of
our executives. Our approach favors active deliberation rather than rigid
formulas. We do not use specific performance targets for evaluating corporate or
individual NEO performance. In light of the diverse and complex factors
considered in connection with its evaluation of our corporate and individual NEO
performance, the Committee does not find it productive, and does not attempt, to
rank or assign relative weights to these factors. In considering the factors
described above, individual members of the Committee may have given different
weight to different factors. The Committee expects to maintain flexibility in
determining and structuring the Company&#146;s executive compensation arrangements in
the future.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Allocation of Compensation.</FONT></I><FONT face=sans-serif size=2> We
have paid Messrs. Cooper, Flynn, Henry, Lukes, and Pappagallo approximately 50%
of their total compensation in the form of stock options, with the remaining 50%
paid in the form of base salary and cash bonus. Mr. Friedman did not receive
compensation in the form of stock options in 2008. His total compensation took
the form of base salary and cash bonus. We believe these allocations strike the
appropriate balance between assured compensation and performance-based
compensation.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Base Salary</FONT></I><FONT face=sans-serif size=2>. Messrs. Henry,
Pappagallo, and Lukes are each guaranteed base salaries in their employment
agreements of $700,000. Mr. Pappagallo&#146;s base salary was increased to $700,000
from the guaranteed base salary of $450,000 in his prior employment agreement to
recognize his additional responsibilities as the Company&#146;s Chief Administrative
Officer and his performance as described in &#147;Analysis of Each NEO&#146;s
Compensation&#148; below. Mr. Flynn&#146;s employment agreement guaranteed a base salary
of $700,000 and Mr. Friedman&#146;s employment agreement guaranteed a base salary of
$500,000. Based on their past performance, Messrs. Flynn and Henry&#146;s base
salaries in 2008 were $750,000. Mr. Cooper&#146;s base salary has historically been
similar to the base salaries of each of Messrs. Flynn and Henry. In determining
these contractual base salaries, the Committee considered their individual
qualifications and experience, scope of responsibilities, future potential, the
goals and objectives established for each NEO, past performance and the
practices of our peer group, without applying a quantitative formula. We did not
seek a specific target within our peer group.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Base
salary increases, if any, are based upon the performance of each NEO as assessed
by the Board of Directors or the Committee. No formulaic base salary increases
are provided to the NEOs, and other forms of compensation are generally used to
reward overall Company performance or exceptional performance of a particular
NEO.</FONT></P>
<P align=center><FONT face=sans-serif size=2>12</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Cash Bonus.</FONT></I><FONT face=sans-serif size=2> We do not use a
formula to determine cash bonuses paid to our NEOs. In determining cash bonuses,
the Committee considered Mr. Cooper&#146;s recommendation that 2008 bonuses be set at
approximately 80% of 2007 bonus levels and the Company&#146;s financial results in
the context of macroeconomic conditions which are beyond our NEOs&#146; control. The
Committee determined that this level was appropriate based on (i) the
performance of the individual NEOs, (ii) the proportion of each NEO&#146;s overall
compensation that is represented by the annual cash bonus and by cash
compensation overall and (iii) the need to retain and reward NEOs whose equity
awards are underwater (or have significantly lower value based on market
conditions). The Committee also generally looks to a particular NEO&#146;s individual
performance for a particular year, as detailed in the &#147;Analysis of Each NEO&#146;s
Compensation.&#148; The Committee also considers any minimum bonuses required by
employment agreements. Messrs. Flynn, Henry and Lukes are guaranteed a minimum
bonus of $625,000, $600,000, and $100,000 respectively. Mr. Flynn agreed to
receive a bonus in 2008 which is less than the guaranteed amount for the bonus
in his employment agreement. Mr. Friedman received a bonus of $450,000 for 2008
in accordance with his employment agreement. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Comparison to Competitive Market.</FONT></I><FONT face=sans-serif size=2>
We review competitive compensation data from a select group of peer companies
and broader survey sources. However, we do not set our NEO pay as a direct
function of market pay levels. Instead, we use market data to help confirm that
our pay practices are reasonable. At the Committee&#146;s direction, its compensation
consultant, Towers Perrin, gathered competitive market data for our review. As a
primary reference, Towers Perrin gathered proxy pay data for REITs with market
capitalizations comparable to ours, including the following:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>AMB
      Property Corp.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Forest City
      Enterprises, Inc.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Public
      Storage</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>AvalonBay
      Communities, Inc.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>General
      Growth Properties, Inc.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Regency
      Centers Corporation</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Boston
      Properties</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>HCP,
      Inc.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Simon
      Property Group, Inc.</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Brookfield
      Properties Corp.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Host Hotels
      &amp; Resorts, Inc.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>SL Green
      Realty Corp.</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Developers
      Diversified Realty Corp.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Marriott
      International, Inc.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Starwood
      Hotels &amp; Resorts</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Duke Realty
      Corp.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Macerich
      Company</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Ventas,
      Inc.</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Equity
      Residential</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Plum Creek
      Timber Company, Inc.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Vornado
      Realty Trust</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>Federal
      Realty Investment Trust</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%"><FONT face=sans-serif size=2>ProLogis</FONT>&nbsp; </TD>
    <TD noWrap align=left width="33%">&nbsp; </TD></TR></TABLE><BR>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>In
addition, recognizing the broad market for talent similar to that required of
our executives, Towers Perrin provided the Committee with survey data from
Towers Perrin&#146;s Executive Compensation Data Bank (CDB), Watson Wyatt&#146;s Financial
Services Survey, and the NAREIT Compensation Survey, as provided to Towers
Perrin by Kimco management for use in this review. Where possible, survey data
were regressed based on similar assets or capitalization to best account for the
Company&#146;s size. Towers Perrin presented other information to the Committee,
including: wealth creation analyses, beneficial ownership reports, and annual
and long-term incentive compensation design reviews. The Committee considered
the Towers Perrin information as an input in its decision making process for
determining our NEOs&#146; compensation. However, the Committee did not use the
Towers Perrin reports to set targets or benchmarks in making its compensation
decisions. Towers Perrin reported directly and exclusively to the Committee and
provided no other services besides executive compensation services to the
Company.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Tax and Accounting Considerations</FONT></I><FONT face=sans-serif size=2>. The recognition or deferral of period expense in our financial
statements did not factor into the allocation of compensation among base salary,
bonus and equity awards. Cash salary and bonus are generally charged as an
expense in the period in which the amounts are earned by the NEO. The value of
equity awards are amortized ratably into expense over the vesting period, except
for the value of equity awards granted to Messrs. Cooper and Flynn, which was
expensed immediately in the period financial statements as of the grant date in
accordance with FAS 123(R), which requires immediately expensing options of
employees eligible for retirement. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Section 162(m) of the Internal Revenue Code (the &#147;Code&#148;) generally places
a $1 million annual limit on the amount of compensation paid to each of the
Company&#146;s named executive officers other than our Chief Financial Officer that
may be deducted by the Company for federal income tax purposes unless such
compensation constitutes &#147;qualified performance-based compensation&#148; which is
based on the achievement of pre-established performance goals set by a committee
of the Board of Directors </FONT></P>
<P align=center><FONT face=sans-serif size=2>13</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=sans-serif size=2>pursuant to an incentive plan that
has been approved by the Company&#146;s stockholders. Because we do not use
pre-established performance goals, the bonus compensation paid to our NEO&#146;s in
2008 did not constitute &#147;qualified performance-based compensation.&#148; The Second
Amended and Restated 1998 Equity Participation Plan, as amended (the &#147;Equity
Participation Plan&#148;) provides that certain awards made thereunder may, in the
discretion of the plan administrator, be structured so as to qualify for the
&#147;qualified performance-based compensation&#148; exception to the $1 million annual
deductibility limit of Section 162(m).</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
Equity Participation Plan, its related agreements, and our NEOs&#146; employment
agreements were amended in a manner intended to comply with, or to exempt the
compensation arrangements set forth therein from, the Section 409A documentary
compliance deadline of December 31, 2008.</FONT></P>
<P align=justify><B><FONT face=sans-serif size=2>Analysis of Each NEO&#146;s
Compensation</FONT></B></P>
<P align=justify><FONT face=sans-serif size=2><U>Milton Cooper, David Henry, and
Michael Flynn</U></FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Milton Cooper serves as our Chief Executive Officer and David Henry
serves as our President and Chief Investment Officer. Mr. Flynn served as our
President and Chief Operating Officer prior to his retirement on December 31,
2008. The Committee generally sought to compensate Messrs. Cooper, Flynn and
Henry comparably. This approach reflected our philosophy that our NEOs are
partners who contribute jointly to our corporate performance. Compensation of
these three NEOs was based on an assessment of their contributions toward our
successful corporate performance, described in the qualitative performance
factors for each NEO below. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Messrs. Cooper, Henry, and Flynn each received a base salary of $750,000
in 2008. Our employment contracts with Messrs. Henry and Flynn provided for a
guaranteed base salary of $700,000. Mr. Cooper does not have an employment
contract with us and has no guaranteed base salary. Mr. Cooper&#146;s base salary is
also $750,000 based on our NEO partnership philosophy. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Messrs. Cooper, Henry, and Flynn received cash bonuses of $580,000,
$780,000, and $580,000 respectively, which represent 80% of the amounts of their
cash bonuses for 2007. The Committee and management believe that the decreased
cash bonuses for 2008 appropriately reflected the Company&#146;s financial results in
the context of macroeconomic conditions which are beyond our NEOs&#146; control. Mr.
Cooper has no employment agreement and no guaranteed bonus. Mr. Henry received
quarterly bonus payments totaling $580,000, less than the guaranteed quarterly
bonus payments in his employment agreement which total $600,000, and also a
one-time special bonus of $200,000. Mr. Henry received a special mid-year bonus
of $200,000 for his outstanding work in expanding and supervising the
international portfolio in Latin America and Canada. This includes our
acquisitions in Chile, Mexico, Brazil and Peru.</FONT><B><FONT face=sans-serif size=2> </FONT></B><FONT face=sans-serif size=2>Mr. Henry also played a major
role in enhancing our relationships with key mortgage lenders, industry trade
groups, and institutional joint venture partners. Mr. Flynn agreed to receive a
bonus in 2008 which is less than the $625,000 guaranteed amount for his bonus in
his employment agreement. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>In
addition, in 2008, Messrs. Cooper, Flynn and Henry each received stock options
to purchase 200,000 shares of our common stock. This reflects our desire to rely
on equity grants to motivate our three NEOs who have the highest level of
responsibility for our corporate performance.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>For
Mr. Cooper, the following qualitative performance factors were considered in
determining his compensation:</FONT></P>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=sans-serif size=2>Oversight of the Company&#146;s 11,500,000 share
  equity offering in September 2008 which was priced at $37.10 per share and 90%
  of which was subscribed to by retail investors. Proceeds to the Company were
  approximately $410,000,000.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Guided the Company to weather the current
  economic storm by focusing on balance sheet strength and conservation of
  liquidity. Shifted the Company&#146;s focus to recurring income areas of business
  as opposed to transactions.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Strengthened the partnership concept by
  realigning and mentoring the executive management team. This included
  promoting Mr. Henry to President, Mr. Lukes to Chief Operating Officer, and
  Mr. Pappagallo to Chief Administrative Officer.</FONT> </LI></UL>
<P align=center><FONT face=sans-serif size=2>14</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=sans-serif size=2>Reduced Kimco&#146;s exposure to development risk.
  Merchant building development program was scaled down so that no new
  developments were started or agreed to and our active developments are now
  limited to five projects.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>

  <LI><FONT face=sans-serif size=2>Scaled down acquisitions so that the
  Company&#146;s total purchases for 2008 were approximately</FONT> <FONT face=sans-serif size=2>$100 million.<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Sold our interest in G&#146;Accion and generated
  an FFO distribution of $37.5 million from Albertsons.<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Focused planned cost reductions which were
  implemented in early 2009.</FONT> </LI></UL>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>For
Mr. Henry, the following qualitative performance factors were considered in
determining his compensation:</FONT></P>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=sans-serif size=2>Significant efforts and time commitments in
  2008 towards enhancing relationships with key mortgage lenders, institutional
  joint venture partners, major stockholders, securities analysts, banking
  contacts, selected tenants, industry trade groups, clients, and customers of
  the Company&#146;s various operating businesses and investments.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Continued to lead Investment Committee
  process and portfolio reviews, new business initiatives, and employee
  communication efforts.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Supervised international portfolio growth,
  business planning/execution, joint venture relationships and capital recycling
  efforts in Canada and Latin America.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Worked with senior leadership to implement
  major changes in the Company&#146;s business model to reflect the current
  environment. Such changes include eliminating the Company&#146;s U.S. merchant
  building business, securities trading, short term debt investments, and non
  retail related activities together with significant reductions in overhead and
  staffing.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Built strong dedicated funds management group
  with both portfolio management and origination capabilities. Closed several
  new funds and joint venture relationships in a difficult environment and
  worked to maintain strong relationships with existing clients.</FONT></LI></UL>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>For
Mr. Flynn, the following qualitative performance factors were considered in
determining his compensation:</FONT></P>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=sans-serif size=2>Contributions to marketing and leasing
  programs to support leasing of the Company&#146;s core properties and joint venture
  investments.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Service on the Company&#146;s Investment
  Committee, including review of U.S. and international investment opportunities
  and risk management matters.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Conducted diligence on certain potential
  property acquisitions and formulated recommendations with respect to purchase
  or rejection of these properties.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Service as Chairman of the Board of Directors
  of Blue Ridge Real Estate Company. The Company has significant ownership of
  Blue Ridge.</FONT> </LI></UL>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>After his transition from full-time employment at the Company effective
January 1, 2009, Mr. Flynn continues to be engaged in a strategic advisory
capacity, which includes serving on the Company&#146;s investment committee,
consulting on the Company&#146;s business projects in selected locations and
participating in periodic business unit and portfolio reviews. </FONT></P>
<P align=justify><FONT face=sans-serif size=2><U>Michael Pappagallo, David
Lukes, and Jerald Friedman</U></FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>With
respect to Messrs. Pappagallo, Lukes, and Friedman, the Committee considers
overall contribution to our business for Messrs. Pappagallo, Lukes, and Friedman
in a comparable manner to the approach for the other NEOs described above. The
Committee also considers performance in their respective areas of
responsibility. In addition, the Committee considers Mr. Cooper&#146;s
recommendations.</FONT></P>
<P align=center><FONT face=sans-serif size=2>15</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Mr.
Pappagallo has significant oversight responsibility for financial and accounting
matters. His final base salary was $700,000 and he received a cash bonus of
$500,000 and stock options to purchase 125,000 shares of our common stock. Mr.
Pappagallo&#146;s base salary was increased to $700,000 from the guaranteed base
salary of $450,000 in his prior employment agreement, and Mr. Pappagallo&#146;s stock
options to purchase shares of our common stock were increased to 125,000 shares
in 2008 from 100,000 shares in 2007. The increases in Mr. Pappagallo&#146;s base
salary and stock options reflect his increased additional responsibilities as
our Chief Administrative Officer and his performance factors below. Consistent
with the reductions in bonuses for our other NEOs in 2008, Mr. Pappagallo&#146;s 2008
cash bonus is approximately 80% of the amount of his 2007 cash bonus.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>For
Mr. Pappagallo, the following qualitative performance factors were considered in
determining his compensation:</FONT></P>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=sans-serif size=2>Contributions to maintain liquidity and
  financial flexibility despite severely constrained capital markets, including
  the issuance of 11,500,000 shares of common stock and the successful financing
  and refinancing of maturing indebtedness in the Company&#146;s consolidated and
  joint venture portfolios, aggregating $1.1 billion.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Collaboration on the determination of the
  overall strategic direction of the Company and leadership role in development
  of the Company&#146;s formal strategic framework.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Sponsorship of major initiatives in human
  resource management, including enhancements in employee performance management
  and appraisal process, introduction of new technology, driving better
  consistency in the approach to determination of cash and equity based
  compensation, and enhancements of associate benefit programs and work
  rules.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Increased visibility with the investment
  community to foster improved communication and financial disclosure;
  significantly increased the number of investor meetings and provided
  additional analyses and data with respect to the Company&#146;s business
  units.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Enhancement of risk management routines by
  ongoing implementation of enterprise risk management guidelines; development
  of additional control and monitoring routines over non traditional investments
  and non-U.S. investments.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>

  <LI><FONT face=sans-serif size=2>Improvement of organizational effectiveness
  within the Finance function through establishment of integrated analysis
  group, consolidation of duplicate functions and realignment of resources to
  foster career development.</FONT></LI></UL>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Mr.
Lukes was named Chief Operating Officer of the Company in 2008. Mr. Lukes
directs the strategy and day-to-day activities of the Company&#146;s shopping center
business. Before his appointment as Chief Operating Officer, Mr. Lukes served as
the Company&#146;s Executive Vice President with responsibility for the financial
performance of the U.S. and Puerto Rico portfolios. In 2008, he received a base
salary of $700,000, as required by his employment contract, a cash bonus of
$100,000 and stock options to purchase 125,000 shares of our common
stock.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>For
Mr. Lukes, the following qualitative performance factors were considered in
determining his compensation:</FONT></P>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=sans-serif size=2>Provided direction on regional leasing
  strategy and maintained high leasing production. The Company executed 652 new
  leases in 2008 totaling 3.1 million gross square feet.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Completed major redevelopment entitlements
  and increased redevelopment pipeline on existing assets. Current pipeline
  contains 8 projects in execution phase, totaling $88 million in investment
  with an additional 6 projects under design and entitlements.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Organized and implemented regional
  restructuring in the Western Region and Puerto Rico for increased efficiency
  and performance.</FONT> </LI></UL>
<P align=center><FONT face=sans-serif size=2>16</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=sans-serif size=2>Consolidated Kimco Developers, Inc. business
  unit and associated properties into the Company&#146;s operating business. Reduced
  business unit overhead and incorporated leasing and property management
  functions into core operating staff.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Increased exposure to the investment
  community through presentations of the Company&#146;s core operations and asset
  fundamentals.</FONT></LI></UL>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Mr.
Friedman was responsible for our real estate merchant development program prior
to his last day of employment on December 31, 2008. The performance of this
program and in particular the performance of Kimco Developers, Inc. (&#147;KDI&#148;), our
development subsidiary, was considered in determining his compensation. Mr.
Friedman&#146;s employment contract provided that his cash bonus would equal the
lesser of 15% of the profits of Kimco Developers or $450,000, unless the
Committee approved a different amount. The Company entered into a separation
agreement with Mr. Friedman on November 3, 2008, which terminated Mr. Friedman&#146;s
employment agreement. See &#147;Mr. Friedman&#146;s Employment Agreement and Separation
Agreement&#148; below. In 2008, Mr. Friedman received a base salary of $500,000 as
required by his employment contract, and a bonus of $450,000. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>For
Mr. Friedman, the following qualitative performance factors were considered in
determining his compensation:</FONT></P>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=sans-serif size=2>During the year ended December 31, 2008 KDI
  acquired various land parcels, in separate transactions, relating to two
  ground-up development projects for an aggregate purchase price of
  approximately $7.7 million. The acquired properties are located in El Mirage,
  Arizona and Cypress, Texas.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Additionally, during the year ended December
  31, 2008, KDI sold its partnership interest in one project in Woodlands, TX ,
  one completed project in Harpeth, TN, 20 land parcels and 6.5 acres of
  undeveloped land, in separate transactions, for approximately $67 million. KDI
  also realized earn-outs on 3 previously sold projects. These sales resulted in
  recognition of pre-tax gains of approximately $36.5 million.</FONT><FONT face=sans-serif size=2><BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>In preparing the Company for the economic
  downturn, the development process was slowed down and appropriate staff of KDI
  were integrated into the Company&#146;s core operations.</FONT> </LI></UL>
<P align=justify><B><FONT face=sans-serif size=2>Additional Compensation
Considerations</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Employment Agreements.</FONT></I><FONT face=sans-serif size=2> Messrs.
Henry, Lukes, and Pappagallo have signed employment agreements which determine
their base salaries, bonuses, and severance and change-in-control payments as
described below. Mr. Cooper does not have an employment agreement and thus has
no guaranteed base salary, bonus, severance or change-in-control payments. The
employment agreements for Messrs. Henry and Pappagallo expire on April 14, 2011.
The initial term of the employment agreement for Mr. Lukes expires on August 18,
2011 and the term is thereafter automatically extended for successive one-year
periods subject to either party&#146;s notice to terminate the agreement at least 3
months prior to the end of the term. Mr. Flynn&#146;s employment agreement was
superseded by his consulting agreement effective January 1, 2009. Mr. Friedman&#146;s
employment agreement terminated upon the execution of his separation agreement
with the Company on November 3, 2008.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Long-Term Incentives &#151; Equity Awards</FONT></I><FONT face=sans-serif size=2>. The exercise price of stock options granted to our NEOs is 100% of the
market closing price of our stock on the date of the grant. Prior to the equity
award cycle, the Committee develops a yearly timeline for stock option grants to
our NEOs, including a proposed grant date that is the same for all NEOs. This
timeline is historically determined so grants will occur sufficiently after the
announcement of our second quarter results to ensure that our stock option
exercise prices reflect a fully-informed market price. As a general principle,
we do not time grants in connection with the release of material non-public
information.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Options generally vest in 20% (or 25% for grants on and after August 6,
2008) increments on each of the first five (or, for grants on or after August 6,
2008, four) anniversaries of the grant date, although options granted to any
employee (including our NEOs) who have turned 65 or who have at least 20 years
of service with us vest immediately upon retirement, in accordance with our
Equity Participation Plan. </FONT></P>
<P align=center><FONT face=sans-serif size=2>17</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=sans-serif size=2>We changed our option vesting
schedule to four years for grants made on and after August 6, 2008 in order to
more appropriately match competitive practices and better motivate our
employees. Mr. Cooper is currently eligible to retire from the Company, and his
options would vest immediately upon retirement. We do not maintain special
pension plans for our NEOs because we believe this accelerated vesting offsets
the lack of such plans. The Committee may accelerate equity vesting at its
discretion.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>We
determined the amounts of each NEO&#146;s equity awards based on our Committee&#146;s
evaluation of each NEO&#146;s contributions to our business as detailed in &#147;&#151;Analysis
of Each NEO&#146;s Compensation.&#148; We did not seek a specific target within our peer
group.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>We
allow our employees (including our NEOs) that receive over 7,500 stock options
each year to elect to receive up to 100% of their equity award in the form of
restricted stock. We allow these employees to elect to receive stock options or
restricted stock in deference to each employee&#146;s personal preferences and
circumstances. As of December 31, 2008, no NEO had made an election to receive a
portion of the option grant in the form of restricted stock. We calculate the
amount of restricted stock to be received based on a ratio of the then
approximate fair value of the options over the Common Stock trading price.
Retention-based awards of restricted stock vest completely after five years.
Beginning August 6, 2008, restricted stock awards which were received through an
election to receive restricted stock instead of a stock option grant vest
ratably over four years. If an employee receiving restricted stock is terminated
prior to vesting for reasons other than death, disability or without cause, he
would not receive the underlying stock. Prior to vesting, recipients of this
restricted stock may vote the shares and also receive dividends. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Defined Contribution Plans</FONT></I><FONT face=sans-serif size=2>. We
maintain a 401(k) retirement plan to cover substantially all of our employees,
including our NEOs. The Company currently makes matching contributions to each
employee&#146;s 401(k) account up to the lesser of five percent of the participant&#146;s
annual salary or $8,500. Plan participants may withdraw from their 401(k)
account upon termination of employment, if they take a distribution as provided
under the hardship provisions of the Plan, or if they take a distribution under
the age of 59&#189; provisions or in accordance with the Required Minimum
Distribution provisions. Employees, including our NEO&#146;s, may also take loans
from their 401(k) accounts subject to the terms and conditions of the Plan. We
do not maintain other retirement plans for our NEOs or employees. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Post-Termination Compensation and Benefits; Severance Arrangements.
</FONT></I><FONT face=sans-serif size=2>Each of the NEOs (other than Mr. Cooper,
who has no employment agreement, and Messrs. Flynn and Friedman, whose
employment agreements have terminated) is entitled only to such severance and
post-termination payments specified in their respective employment agreements.
Each employment agreement is individually negotiated. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
structure of the terms and payout levels under these employment agreements
generally entitle each executive to continuing payments equal, in the aggregate,
to his base salary for the greater of the balance of the term of the agreement
or one year plus any minimum guaranteed bonus. As more fully described in
&#147;Additional Compensation Considerations &#150; Employment Agreements&#148;, we pay
severance benefits over the longer of the remaining term of the applicable
agreement or one year. All unvested stock options would become 100% vested as of
the date of an involuntary termination, and the terminated executive, under
COBRA, would continue to receive any health benefits previously provided for by
us, at no cost to the executive during the severance period. In the event a NEO
is terminated for cause, we will generally not pay additional compensation or
benefits beyond unpaid existing obligations. If Messrs. Lukes or Pappagallo&#146;s
employment agreement is terminated and Messrs. Lukes or Pappagallo become
employed by a competing business during the period in which they receive
severance payments, the Company will reduce their severance payments by the
amount paid by the competing business. The employment agreements provide that we
would pay limited amounts to Messrs. Henry, Lukes and Pappagallo if they are
terminated due to death or disability. The severance and post-termination
arrangements with the Company&#146;s executives did not affect the decisions made
regarding the other elements of compensation of the Company&#146;s executives in
2008.</FONT></P>
<P align=center><FONT face=sans-serif size=2>18</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Change-in-Control</FONT></I><FONT face=sans-serif size=2>. We align our
executives&#146; interests with the interests of stockholders to ensure that our
executives would vigorously pursue all transactions that are in the long-term
interests of stockholders. As more fully described in &#147;Additional Compensation
Considerations &#150; Employment Agreements&#148;, if, within 60 days following a
&#147;change-in-control,&#148; any of Messrs. Henry, Lukes or Pappagallo is terminated
without cause or resigns his employment for any reason, he would be entitled to
a lump sum payment as well as accelerated vesting of outstanding equity awards.
Since Internal Revenue Code Section 280G denies us a business expense deduction
on any payments, non-cash benefits and option acceleration provided to an
officer in connection with certain changes in control that equal or exceed three
times the officer&#146;s average compensation for the past five years, we cap
change-in-control cash payments to reduce the likelihood that adverse tax
consequences will be imposed on us. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Perquisites.</FONT></I><FONT face=sans-serif size=2> We do not treat our
NEOs materially different from our other senior employees with respect to
perquisites. We provide the following perquisites to our NEOs:</FONT></P>
<UL>
  <LI>
  <P align=justify><FONT face=sans-serif size=2><U>Company cars.</U> We provided
  Messrs. Cooper, Henry, Flynn, and Pappagallo with the use of a</FONT> <FONT face=sans-serif size=2>car and driver to travel for Company business. We
  provide Mr. Lukes with the use of a car to</FONT> <FONT face=sans-serif size=2>travel for Company business. Each such NEO may use the car without a
  driver for personal</FONT> <FONT face=sans-serif size=2>use. Other employees
  may use these cars for Company business when they are not in use by</FONT>
  <FONT face=sans-serif size=2>the NEOs. Mr. Friedman received a car allowance
  pursuant to his employment contract.</FONT> </P>
  <LI>
  <P align=justify><FONT face=sans-serif size=2><U>Life insurance.</U> We pay
  premiums on a group term life insurance policy for each NEO on the</FONT>
  <FONT face=sans-serif size=2>same terms as our other employees. Additionally,
  we pay the premium on a life insurance</FONT> <FONT face=sans-serif size=2>policy for Mr. Henry pursuant to his original employment
  contract.</FONT> </P>
  <LI>
  <P align=justify><FONT face=sans-serif size=2><U>Long-term care.</U> We
  provide certain of our officers and senior executives (including all
  NEOs)</FONT> <FONT face=sans-serif size=2>a limited long-term care benefit of
  $3,500 per month as part of a group policy. These individuals</FONT> <FONT face=sans-serif size=2>may elect to purchase additional long-term care
  insurance at their own cost on the same terms</FONT> <FONT face=sans-serif size=2>as employees generally.</FONT></P></LI></UL>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Our
NEOs are entitled to participate in our other health and welfare plans on the
same terms as other employees.</FONT></P>
<P align=justify><B><FONT face=sans-serif size=2>Report of Executive
Compensation Committee on Executive Compensation</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
Executive Compensation Committee of the Company has reviewed and discussed with
the Company&#146;s management the Compensation Discussion and Analysis that is
required by Securities and Exchange Commission Rules to be included in this
Proxy Statement.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Based on that review and those discussions, the Committee has recommended
to the Company&#146;s Board of Directors that the Compensation Discussion and
Analysis be included in this Proxy Statement.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%"><B><FONT face=sans-serif size=2>EXECUTIVE COMPENSATION COMMITTEE</FONT></B>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%"><B><FONT face=sans-serif size=2>OF THE
      BOARD OF DIRECTORS</FONT></B>&nbsp; </TD></TR>
  <TR>
    <TD width="50%"></TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Joe Grills, Chairman</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Philip Coviello</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Richard G. Dooley</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Frank Lourenso</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>Richard Saltzman</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=sans-serif size=2>F. Patrick Hughes</FONT>&nbsp;
</TD></TR></TABLE><BR>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
foregoing report shall not be deemed incorporated by reference by any general
statement incorporating by reference this proxy statement into any filing under
the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934,
as amended, except that the Company specifically incorporates this information
by reference, and shall not otherwise be deemed filed under the Securities Act
or the Exchange Act.</FONT></P>
<P align=center><FONT face=sans-serif size=2>19</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><B><FONT face=sans-serif size=2>COMPENSATION
TABLES</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Executive Officers</FONT></I><FONT face=sans-serif size=2>. Reference
should be made to the Company&#146;s annual report on Form 10-K for the year ended
December 31, 2008, incorporated herein by reference, following Part I, Item 4,
for information with respect to the executive officers of the
Company.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Executive Compensation</FONT></I><FONT face=sans-serif size=2>. The
following table sets forth the summary compensation of the NEOs of the Company
for the 2008, 2007 and 2006 calendar years.</FONT></P>
<P align=center><B><FONT face=sans-serif size=2>SUMMARY COMPENSATION
TABLE</FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="48%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=1>Change
      in</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=1>Pension</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=1>Value
      and</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Non-Equity</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=1>Nonqualified</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Incentive</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=1>Deferred</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="48%"><FONT face=sans-serif size=1>Name
      and</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Stock</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Option</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Plan</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=1>Compensation</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=3><FONT face=sans-serif size=1>All Other</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="48%"><FONT face=sans-serif size=1>Principal</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><FONT face=sans-serif size=1>Salary</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Bonus</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=Arial size=1>Awards</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=Arial size=1>Awards</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=Arial size=1>Compensation</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=1>Earnings</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=3><FONT face=sans-serif size=1>Compensation</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="3%"><FONT face=sans-serif size=1>Total</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="48%"><FONT face=sans-serif size=1>Position</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%"><FONT face=sans-serif size=1>Year</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)(2)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><FONT face=sans-serif size=1>($)(1)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><FONT face=sans-serif size=1>($)</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="48%"><FONT face=sans-serif size=1>(a)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>(b)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="3%"><FONT face=sans-serif size=1>(c)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(d)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(e)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(f)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(g)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="4%"><FONT face=sans-serif size=1>(h)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><FONT face=sans-serif size=1>(i)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="3%"><FONT face=sans-serif size=1>(j)</FONT>
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Milton Cooper</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2008</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>750,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>580,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,364,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>103,207</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2,797,207</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Chairman of the Board Of</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2007</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>700,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>725,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,635,250</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>105,215</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>3,165,465</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Directors and Chief</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2006</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>650,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>625,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,531,500</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>96,431</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2,902,931</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Executive Officer</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD noWrap align=left width="48%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="5%">&nbsp;</TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=right width="1%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Michael V. Pappagallo (3)</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2008</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>530,769</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>500,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>364,512</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>145,279</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,540,560</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Executive Vice President -</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2007</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>450,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>625,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>302,073</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>127,965</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,505,038</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Chief Financial Officer and</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2006</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>400,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>525,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>241,778</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>121,946</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,288,724</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Chief Administrative Officer</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD noWrap align=left width="48%">&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Michael J. Flynn (3)</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2008</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>750,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>580,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,364,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>26,932</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2,720,932</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Vice Chairman of the Board</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2007</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>700,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>725,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,635,250</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>154,432</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>3,214,682</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>of Directors and President &amp;</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2006</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>650,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>625,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,531,500</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>136,945</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2,943,445</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Chief Operating Officer</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD noWrap align=left width="48%">&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>David B. Henry (3)(4)</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2008</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>750,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>780,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>744,275</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>150,014</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2,424,289</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>President and Chief</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2007</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>700,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>900,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>551,533</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>134,248</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2,285,781</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Investment Officer</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2006</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>650,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>600,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>351,950</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>118,983</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,720,933</FONT> </TD></TR>
  <TR>
    <TD noWrap align=left width="48%">&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>David Lukes (3)(5)</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2008</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>700,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>100,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>360,022</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>25,099</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,185,121</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Executive Vice President and</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Chief Operating Officer</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD noWrap align=left width="48%">&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Jerald Friedman (6)</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2008</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>500,000</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>34,406</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>450,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>683,362</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,667,768</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Executive Vice President</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2007</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>500,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>100,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>622,600</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>450,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>34,183</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,706,783</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="48%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2006</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>500,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>150,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>573,267</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>450,000</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>31,382</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,704,649</FONT> </TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(1)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>The Company provides to each
      of Messrs. Cooper, Pappagallo, and Henry the use of a car and driver to
      transport these individuals in the conduct of their duties as executive
      officers of the Company. The policy on the use of the cars for 2008, 2007
      and 2006 is outlined below:</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top noWrap></TD>
    <TD align=left width="100%">
      <UL style="MARGIN-LEFT: 12pt">
        <LI>
        <P align=justify><FONT face=sans-serif size=1>The cars and drivers were
        available, when not in use by the foregoing executive officers, for
        other employees</FONT> <FONT face=sans-serif size=1>conducting Company
        business;</FONT> </P>
        <LI>
        <P align=justify><FONT face=sans-serif size=1>These services were also
        available under certain circumstances to third parties involved in
        Company business at</FONT> <FONT face=sans-serif size=1>the Company&#146;s
        New Hyde Park location;</FONT> </P>
        <LI>
        <P align=justify><FONT face=sans-serif size=1>The cars and drivers were
        used from time to time for deliveries and other transportation of
        documents or other</FONT> <FONT face=sans-serif size=1>materials;
        and</FONT> </P>
        <LI>
        <P align=justify><FONT face=sans-serif size=1>The cars were provided to
        these officers with drivers for commuting and without drivers for
        personal use.<BR>&nbsp;</FONT></P></LI></UL></TD></TR>
  <TR>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top noWrap></TD>
    <TD align=left width="100%">
      <P><FONT face=sans-serif size=1>Mr. Lukes is provided the use of a car,
      but is not provided a driver. Mr. Flynn was not provided a driver in
      2008.</FONT></P>
      <P align=justify><FONT face=sans-serif size=1>The aggregate incremental
      cost of this perquisite to the Company in 2008 for Messrs. Cooper,
      Pappagallo, and Henry was $74,624, $120,057, and $107,258, respectively.
      The aggregate incremental cost of this perquisite to the Company in 2007
      for Messrs. Cooper, Pappagallo, Flynn and Henry was $76,741, $102,807,
      $127,478 and $91,556, respectively. The aggregate incremental cost of this
      perquisite to the Company in 2006 for Messrs. Cooper, Pappagallo, Flynn
      and Henry was $70,759, $99,590, $112,793, and $79,092,
      respectively.</FONT></P></TD></TR></TABLE>
<P align=center><FONT face=sans-serif size=2>20</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(2)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>Amounts reflect the
      compensation cost to the Company in 2008, 2007 and 2006 of equity awards
      recognized for financial reporting purposes over the requisite service
      period, calculated in accordance with the provision of SFAS No. 123R,
      without any reduction for risk of forfeiture, which reflects the
      compensation cost of equity awards granted over several years. The fair
      value of each award is estimated on the date of grant using the
      Black-Scholes option pricing formula. The assumptions used by the Company
      in calculating these amounts are incorporated herein by reference to Note
      21 to Consolidated Financial Statements in the Company&#146;s 2008 Form 10<FONT face=sans-serif size=1>-</FONT><FONT face=sans-serif size=1>K. The value
      of awards granted to the NEOs in 2008, are reflected on the 2008 Grants of
      Plan</FONT><FONT face=sans-serif size=1>-</FONT><FONT face=sans-serif size=1>Based Awards table below. The value actually received by the NEOs
      in 2008, is reflected on the 2008 Option Exercises and Stock Vested table
      on page 23.</FONT></FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(3)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>See &#147;Employment Agreements&#148;
      below.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(4)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>The Company provides Mr.
      Henry with an additional life insurance policy pursuant to his employment
      agreement, for which the annual premium is $17,245 and is included in all
      other compensation.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(5)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>David Lukes became an NEO
      during 2008.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(6)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>Jerald Friedman retired on
      December 31, 2008. In connection with his retirement, he executed a
      Separation Agreement and Release under which he is entitled to 15 months
      of salary continuation equal to, in the aggregate, $625,000 as well as
      reimbursement of premiums under the Company&#146;s group medical plan for a
      period ending on the earlier of March 31, 2010 or the date upon which Mr.
      Friedman becomes eligible for group health coverage under another
      employer&#146;s plan.</FONT></P></TD></TR></TABLE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
following table provides information on future payouts under non-equity and
equity incentive plan awards granted to the NEOs during 2008:</FONT></P>
<P align=center><B><FONT face=sans-serif size=2>Grants of Plan-Based
Award</FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="17%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="5%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="6%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="5%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="6%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="6%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="5%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>All
      Other</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><FONT face=sans-serif size=1>All Other</FONT> </TD>
    <TD noWrap align=left width="2%">&nbsp; </TD>
    <TD noWrap align=left width="5%">&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="5%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="17%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Stock</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><FONT face=sans-serif size=1>Option</FONT></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Grant</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="17%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Awards:</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><FONT face=sans-serif size=1>Awards:&nbsp;</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=Arial size=1>Exercise</FONT>&nbsp;</TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=Arial size=1>Date
      Fair</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="17%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="21%" colSpan=5><FONT face=sans-serif size=1>Estimated Future Payouts</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="21%" colSpan=5><FONT face=sans-serif size=1>Estimated Future</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Number
      of</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><FONT face=sans-serif size=1>Number of</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>or
      Base</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Value
      of</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="17%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="21%" colSpan=5><FONT face=sans-serif size=1>Under Non-Equity</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="21%" colSpan=5><FONT face=sans-serif size=1>Payouts Under Equity</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Shares
      of</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><FONT face=sans-serif size=1>Securities</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Price
      of</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Stock
      and</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="17%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="21%" colSpan=5><FONT face=sans-serif size=1>Incentive Plan Awards (1)</FONT>
</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="21%" colSpan=5><FONT face=sans-serif size=1>Incentive Plan Awards</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Stock
      or</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><FONT face=sans-serif size=1>Underlying</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Option</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Option</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="17%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Grant</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Target</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=Arial size=1>Max</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%"><FONT face=Arial size=1>Threshold</FONT>&nbsp;</TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=Arial size=1>Target</FONT>&nbsp;</TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=Arial size=1>Max</FONT>&nbsp;</TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Units</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="7%" colSpan=3><FONT face=sans-serif size=1>Options</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Awards</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Awards</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="17%"><FONT face=sans-serif size=1>Name</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>Date</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%"><FONT face=sans-serif size=1>Threshold</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%"><FONT face=sans-serif size=1>(#)</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%"><FONT face=sans-serif size=1>(#)</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>(#)</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%"><FONT face=sans-serif size=1>(#)</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>(#)</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="7%" colSpan=3><FONT face=sans-serif size=1>(#)(1)</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($/Sh)</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)(2)</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="17%"><FONT face=sans-serif size=1>(a)</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(b)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>(c)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(d)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>(e)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>(f)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(g)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>(h)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(i)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="7%" colSpan=3><FONT face=sans-serif size=1>(j)</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(k)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(l)</FONT>
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="17%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Milton Cooper</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>8/6/08</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>200,000</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>37.39</FONT>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,266,000</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="17%"><FONT face=sans-serif size=1>Michael V.
      Pappagallo (3)</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>8/6/08</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=1>125,000</FONT> </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="2%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>37.39</FONT>&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=1>791,250</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="17%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Michael J. Flynn (3)</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>8/6/08</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>200,000</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>37.39</FONT>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>1,266,000</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="17%"><FONT face=sans-serif size=1>David B.
      Henry (3)</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>8/6/08</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=1>200,000</FONT> </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="2%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>37.39</FONT>&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=1>1,266,000</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="17%" bgColor=#c0c0c0><FONT face=sans-serif size=1>David Lukes (3)</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>8/6/08</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=1>125,000</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>37.39</FONT>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>791,250</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="17%"><FONT face=sans-serif size=1>Jerald
      Friedman</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>N/A</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=1>-</FONT>
</TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=left width="2%">&nbsp; </TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=1>-</FONT>
  </TD></TR></TABLE><BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(1)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>All options were granted on
      August 6, 2008 under the Second Amended and Restated 1998 Equity
      Participation Plan and have a term of ten years from the grant date and
      vest in 25% increments on each of the first, second, third, and fourth
      anniversaries of the grant date. The amount recognized for financial
      reporting purposes under SFAS 123R is included in the Option Awards column
      (column (f)) of the Summary Compensation Table on page 20. The exercise
      price is equal to 100% of the market closing price on the grant date of
      August 6, 2008.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(2)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>Amounts reflect the fair
      value of the award estimated on the date of grant using the Black-Scholes
      option pricing formula, without any reduction for risk of forfeiture. The
      assumptions used by the Company in calculating these amounts are
      incorporated herein by reference to Note 21 to Consolidated Financial
      Statements in the Company&#146;s 2008 Form 10</FONT><FONT face=sans-serif size=1>-</FONT><FONT face=sans-serif size=1>K.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(3)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>See Executive Compensation
      and Transactions with Management and Others &#150; &#147;Employment
      Agreements&#148;.</FONT></P></TD></TR></TABLE>
<P align=center><FONT face=sans-serif size=2>21</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
following table provides information on outstanding equity awards as of December
31, 2008 for each NEO.</FONT></P>
<P align=center><B><FONT face=sans-serif size=2>Outstanding Equity Awards at
Fiscal Year-End</FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=center width="26%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="38%" colSpan=9>&nbsp; <FONT face=sans-serif size=1>Option Awards</FONT> &nbsp;
    </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="30%" colSpan=7>&nbsp; <FONT face=sans-serif size=1>Stock Awards</FONT> &nbsp;
      &nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="26%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Equity</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="5%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="26%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Incentive</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Equity</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="26%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Plan</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Incentive</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="26%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Equity</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Awards:</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Plan
      Awards:</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="26%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Incentive</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Market</FONT> </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Number
      of</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Market
      or</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="26%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Number
      of</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Number
      of</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Plan
      Awards:</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Number</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Value
      of</FONT> </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Unearned</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=Arial size=1>Payout
      Value</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="26%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Securities</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Securities</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Number
      of</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>of
      Shares</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=Arial size=1>Shares</FONT></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Shares,</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>of
      Unearned</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="26%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Underlying</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Underlying</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Securities</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>or
      Units</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>or
      Units</FONT> </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Units
      or</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Shares,
      Units</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="26%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Unexercised</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp;</TD>
    <TD noWrap align=center width="6%"><FONT face=Arial size=1>Unexercised</FONT>&nbsp;</TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Underlying</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%">&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>of
      Stock</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="6%"><FONT face=Arial size=1>of
    Stock</FONT>&nbsp;</TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Other</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>or
      Other</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="26%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Options</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Options</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Unexercised</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=Arial size=1>Option<FONT face="Times New Roman" size=3>&nbsp;</FONT></FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Option</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>That</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>That</FONT> </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Rights
      That</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=Arial size=1>Rights
      That</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="26%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(#)</FONT>
    </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>(#)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Unearned</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="6%"><FONT face=Arial size=1>Exercise</FONT>&nbsp;</TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=Arial size=1>Expiration</FONT>&nbsp;</TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="6%"><FONT face=Arial size=1>Have
    Not</FONT>&nbsp;</TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=Arial size=1>Have
    Not</FONT>&nbsp;</TD>
    <TD noWrap align=center width="3%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=Arial size=1>Have
    Not</FONT>&nbsp;</TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Have
      Not</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="26%">&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Exercisable</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp;</TD>
    <TD noWrap align=center width="6%"><FONT face=Arial size=1>Unexercisable</FONT>&nbsp;</TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Options</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Price</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Date</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Vested</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>Vested</FONT> </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Vested</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Vested</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="26%"><FONT face=sans-serif size=1>Name</FONT> </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>(1)</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%"><FONT face=sans-serif size=1>(2)(3)</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%"><FONT face=sans-serif size=1>(#)</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%"><FONT face=sans-serif size=1>(4)</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%"><FONT face=sans-serif size=1>(#)</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>(#) (6)</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="26%"><FONT face=sans-serif size=1>(a)</FONT> </TD>
    <TD noWrap align=center width="3%">&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(b)</FONT>
    </TD>
    <TD noWrap align=center width="3%">&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>(c)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>(d)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>(e)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>(f)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>(g)</FONT>
    </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=sans-serif size=1>(h)</FONT>
    </TD>
    <TD noWrap align=center width="3%">&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(i)</FONT>
    </TD>
    <TD noWrap align=center width="3%">&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(j)</FONT>
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="26%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Milton Cooper</FONT>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>225,000</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>13.5833</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>11/28/2010</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="26%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>225,000</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>16.4000</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>12/13/2011</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="26%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>225,000</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>15.6250</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>12/12/2012</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="26%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>225,000</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>21.9250</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
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    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>80,000</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
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    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>8/8/2017</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
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    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>125,000</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
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    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
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  <TR>
    <TD noWrap align=left width="26%" bgColor=#ffffff>&nbsp; </TD>
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  <TR vAlign=bottom>
    <TD noWrap align=left width="26%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Michael J. Flynn&nbsp;</FONT>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>76,500</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT> </TD>
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    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
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    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>28.4800</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>12/7/2014</FONT> </TD>
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    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
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    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>31.6200</FONT>&nbsp; </TD>
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    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>120,000</FONT> </TD>
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    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
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    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>8/16/2016</FONT> </TD>
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    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
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  <TR vAlign=bottom>
    <TD noWrap align=left width="26%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>40,000</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>160,000</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>41.0600</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>8/8/2017</FONT> </TD>
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    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
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  <TR vAlign=bottom>
    <TD noWrap align=left width="26%" bgColor=#c0c0c0>&nbsp; </TD>
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    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>37.3900</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>8/6/2018</FONT> </TD>
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    <TD noWrap align=left width="3%" bgColor=#ffffff></TD>
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  <TR vAlign=bottom>
    <TD noWrap align=left width="26%" bgColor=#c0c0c0><FONT face=sans-serif size=1>David B. Henry</FONT>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>100,000</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT> </TD>
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    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>16.4000</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>12/13/2011</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
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    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
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    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
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    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
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    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>150,000</FONT> </TD>
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    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT> </TD>
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    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>21.9250</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>12/10/2013</FONT> </TD>
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    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
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    <TD noWrap align=left width="26%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0></TD>
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    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>28.4800</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>12/7/2014</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
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    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
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  <TR vAlign=bottom>
    <TD noWrap align=left width="26%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>120,000</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>80,000</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>31.6200</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>8/31/2015</FONT> </TD>
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    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
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    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
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    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>8/16/2016</FONT> </TD>
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  <TR vAlign=bottom>
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    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
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    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
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    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
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  <TR vAlign=bottom>
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    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>80,000</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>41.0600</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>8/8/2017</FONT> </TD>
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  <TR vAlign=bottom>
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    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
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  <TR>
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    <TD noWrap align=left width="2%" bgColor=#ffffff></TD>
    <TD noWrap align=center width="6%" bgColor=#ffffff></TD>
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  <TR vAlign=bottom>
    <TD noWrap align=left width="26%" bgColor=#c0c0c0><FONT face=sans-serif size=1>Jerald Friedman (5)</FONT>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>60,000</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT> </TD>
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    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>21.9250</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
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    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
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    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
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    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>12/7/2014</FONT> </TD>
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    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
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    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>2/1/2015</FONT> </TD>
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  <TR vAlign=bottom>
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    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>31.6200</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>8/31/2015</FONT> </TD>
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  <TR vAlign=bottom>
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    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>40.0900</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>8/16/2006</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="26%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=1>75,000</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>-</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>41.0600</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="6%" bgColor=#c0c0c0><FONT face=sans-serif size=1>8/8/2017</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp;
</TD></TR></TABLE><BR>
<P align=center><FONT face=sans-serif size=2>22</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(1)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>All options granted prior to
      August 1, 2005, vested ratably over a three year term.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(2)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>All options granted after
      August 1, 2005 and before August 6, 2008, vest ratably over a five year
      term.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(3)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>All options granted on or
      after August 6, 2008, vest ratably over a four year term.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(4)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>For each option shown, the
      expiration date is the 10th anniversary of the date the option was
      granted.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(5)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>All of Jerald Friedman&#146;s
      outstanding options vested on 12/31/08 in connection with his
      retirement.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(6)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>Represents a restricted
      stock award issued at $40.14, which cliff vests on
  8/23/11.</FONT></P></TD></TR></TABLE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
following table provides information on options exercised by the NEOs in
2008.</FONT></P>
<P align=center><B><FONT face=sans-serif size=2>Option Exercises and Stock
Vested</FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=center width="76%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=3><FONT face=sans-serif size=1>Option Awards</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=3><FONT face=sans-serif size=1>Stock Awards</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="76%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Number
      of</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Number
      of</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="76%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Shares</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Shares</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="76%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Acquired</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Value
      Realized</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Acquired</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Value
      Realized</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="76%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>on
      Exercise</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>on
      Exercise</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>on
      Vesting</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>on
      Vesting</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="76%"><FONT face=sans-serif size=1>Name</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>(#)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)(1)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>(#)</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="76%"><FONT face=sans-serif size=1>(a)</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(b)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(c)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(d)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(e)</FONT>
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Milton Cooper</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>178,128</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>5,323,052.46</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%"><FONT face=sans-serif size=2>Michael V.
      Pappagallo</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>-</FONT>
</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>-</FONT>
</TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Michael J. Flynn</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%"><FONT face=sans-serif size=2>David B.
      Henry</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>-</FONT>
</TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>-</FONT>
</TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0><FONT face=sans-serif size=2>David Lukes</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%"><FONT face=sans-serif size=2>Jerald
      Friedman (2)</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>71,639</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>1,719,313.59</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD></TR></TABLE><BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(1)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>The value realized on
      exercise was determined by subtracting the option exercise price from the
      market price of the stock on the date of exercise, multiplied by the
      number of shares being exercised.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(2)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%">
      <P align=justify><FONT face=sans-serif size=1>Mr. Friedman&#146;s number of
      Shares Acquired on Exercise and Value Realized includes 3,511 shares that
      were bought and held by Mr. Friedman.</FONT></P></TD></TR></TABLE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
Company makes matching contributions to its 401(k) plan for its NEOs. The
Company does not pay any pension benefits or any non-qualified deferred
compensation to its NEOs.</FONT></P>
<P align=justify><I><FONT face=sans-serif size=2>Employment Agreements.
</FONT></I></P>
<P align=justify><FONT face=sans-serif size=2><U>Mr. Henry&#146;s Employment
Agreement</U></FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>On
March 8, 2007, the Company entered into an employment agreement with Mr. Henry,
effective as of April 15, 2007, pursuant to which Mr. Henry continues to serve
as Vice Chairman and Chief Investment Officer of the Company (as amended by an
amendment dated December 17, 2008). This agreement is scheduled to expire on
April 14, 2011, unless renewed or cancelled according to the terms of the
agreement. In accordance with his employment agreement, Mr. Henry will receive a
minimum of $1,300,000 per annum ($700,000 base salary and $600,000 guaranteed
bonus) as compensation for his services and will be eligible to receive grants
of Common Stock of the Company or options, with respect thereto, in such
amounts, if any, as the Board in its sole discretion shall determine. Mr. Henry
is also entitled to an unrestricted award of 75,000 shares of Common Stock if
Mr. Henry is employed by the Company on April 2, 2011 or is employed at the time
of a Change in Control (as defined below) occurring prior to April 2, 2011.
</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>If
Mr. Henry is terminated without &#147;cause&#148; (as defined below) prior to the
occurrence of a Change in Control, and subject to his execution of a waiver and
release of claims, he would receive severance in an amount equal to his base
salary and minimum guaranteed bonus for a period following the date of such
termination of employment equal to the greater of (i) the remaining term of the
applicable employment agreement or (ii) one year, payable in accordance with our
standard payroll and bonus payment practices. All unvested stock options and
unvested Common Stock would become 100% vested as of the date of termination,
and Mr. Henry, under COBRA, would continue to receive any health benefits
previously provided for by us, at no cost to him during the severance period. If
Mr. Henry dies or is significantly </FONT></P>
<P align=center><FONT face=sans-serif size=2>23</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=sans-serif size=2>disabled, all of his stock options
would immediately vest and become fully exercisable and, on the 30th day
following his termination of employment due to death or significant disability,
he would receive a lump sum payment equal to his base pay for six
months.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>In
Mr. Henry&#146;s agreement, &#147;cause&#148; is defined as: (i) conviction of a crime
involving the commission of a felony or a criminal act involving fraud,
dishonesty, or moral turpitude, (ii) deliberate and continued refusal to perform
his employment duties (other than excusable failures to perform) after the
Company provides 30 days written notice of such failure constituting cause,
(iii) fraud or embezzlement, (iv) gross misconduct or negligence in connection
with our business which has a substantial adverse effect on us or (v) violation
of any of our policies prohibiting harassment or discrimination in the
workplace. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>If,
within 60 days following a Change-in-Control, Mr. Henry is terminated without
cause or resigns his employment for any reason, he would be entitled to a lump
sum payment equal to the lesser of: (i) his base salary and the bonus (equal to
the bonus most recently received) for the remaining term of his employment
agreement, or (ii) the greatest payment which, in combination with all other
payments to which he would be entitled, would not constitute an &#147;excess
parachute payment&#148; as such term is defined in Section 280G of the Internal
Revenue Code. In addition, he would continue to receive group health and welfare
benefits for a period equal to the greater of (i) the remaining term of the
applicable employment agreement or (ii) one year and all unvested stock options
and non vested shares Mr. Henry held at the time of the Change in Control would
immediately vest.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>For
purposes of the Company&#146;s Employment Agreements with Messrs. Henry, Lukes and
Pappagallo, &#147;Change-in-Control&#148; is defined as (i) a sale of all or substantially
all of our assets to a non-affiliate of Kimco or an entity in which our
stockholders immediately prior to the transaction do not control more than 50%
of the voting power immediately following the transaction, (ii) a sale of our
voting stock that results in more than 50% of our voting stock being held by one
person or group that does not include Kimco, or (iii) a merger or consolidation
of Kimco into another entity in which our stockholders immediately prior to the
transaction do not control more than 50% of the voting power immediately
following the transaction.</FONT></P>
<P align=justify><FONT face=sans-serif size=2><U>Mr. Pappagallo&#146;s Employment
Agreement</U></FONT></P>
<P align=justify><FONT face=sans-serif size=2><FONT face="Times New Roman" size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>On November 3, 2008, the Company
entered into an employment agreement with Michael Pappagallo (as amended by an
amendment dated December 17, 2008), who will continue to serve as Chief
Financial Officer. The term of Mr. Pappagallo&#146;s employment agreement continues
until April 14, 2011 with an automatic renewal term of one year. In accordance
with this employment agreement, Mr. Pappagallo (i) is to receive a base salary
of $700,000 per annum, which may be increased by the Board, (ii) shall be
eligible to receive a bonus in such amounts, if any, as the Board, in its sole
discretion shall determine and (iii) shall be eligible to receive grants of
Common Stock of the Company, or options or restricted stock with respect
thereto, in such amounts, if any, as the Board in its sole discretion shall
determine. If Mr. Pappagallo is terminated without cause prior to a Change in
Control, and subject to his execution of a waiver and release of claims, he
would receive severance in an amount equal to his base salary for a period
following the date of his termination of employment equal to the greater of (i)
the remaining term of the applicable employment agreement or (ii) one year,
payable in accordance with our standard payroll practices. All unvested stock
options would become 100% vested as of the date of termination, and Mr.
Pappagallo, under COBRA, would continue to receive any health benefits
previously provided for by us, at no cost to him during the severance period. If
the employment agreement is terminated and Mr. Pappagallo becomes employed by a
competing business during the period in which he is receiving severance
payments, the Company will reduce his severance payments by the amount paid by
the competing business. If Mr. Pappagallo dies or is significantly disabled, all
of his stock options would immediately vest and become fully exercisable and, on
the 30th day following his termination of employment due to death or significant
disability, he would receive a lump sum payment equal to his base pay for six
months.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>In
Mr. Pappagallo&#146;s agreement, &#147;cause&#148; is defined as: (i) conviction of a crime
involving the commission of a felony or a criminal act involving fraud,
dishonesty, or moral turpitude, (ii) deliberate and continued refusal to perform
his employment duties (other than excusable failures to perform) after the
Company provides 30 days written notice of such failure constituting cause,
(iii) fraud or embezzlement, </FONT></P>
<P align=center><FONT face=sans-serif size=2>24</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=sans-serif size=2>(iv) misconduct or negligence in
connection with our business which has a substantial adverse effect on us, (v)
violation of any of our policies prohibiting harassment or discrimination in the
workplace or (vi) breach of fiduciary duty to our company.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>If,
within 60 days following a Change-in-Control, Mr. Pappagallo is terminated
without cause or resigns his employment for any reason, he would be entitled to
a lump sum payment equal to the lesser of: (i) his base salary and the bonus
(equal to the bonus most recently received) for the remaining term of his
employment agreement, or (ii) the greatest payment which, in combination with
all other payments to which he would be entitled, would not constitute an
&#147;excess parachute payment&#148; as such term is defined in Section 280G of the
Internal Revenue Code. In addition, he would continue to receive group health
and welfare benefits for a period equal to the greater of (i) the remaining term
of the applicable employment agreement or (ii) one year and all unvested stock
options Mr. Pappagallo held at the time of the Change in Control would
immediately vest.</FONT></P>
<P align=justify><FONT face=sans-serif size=2><U>Mr. Lukes&#146; Employment
Agreement</U></FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>On
August 18, 2008, the Company entered into an employment agreement with David
Lukes (as amended by a letter agreement dated November 3, 2008 and an amendment
dated December 17, 2008), by which Mr. Lukes will continue to serve as Executive
Vice President. The term of Mr. Lukes&#146; employment agreement continues until
August 18, 2011 and will be automatically extended for successive one-year
terms. In accordance with this employment agreement, Mr. Lukes (i) is to receive
a base salary of $700,000 per annum, (ii) is to receive a minimum annual bonus
of $100,000, and (iii) shall be eligible to receive grants of Common Stock of
the Company, or options or restricted stock with respect thereto, in such
amounts, if any, as the Board in its sole discretion shall determine. The
Company&#146;s Board of Directors or Compensation Committee may increase the amounts
of Mr. Lukes&#146; base salary and bonus. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>If
Mr. Lukes is terminated without cause or resigns for good reason prior to the
occurrence of a Change in Control, and subject to his execution of a waiver and
release of claims, he would receive severance in an amount equal to his base
salary and minimum guaranteed bonus for a period following the date of such
termination of employment equal to the greater of (i) the remaining term of the
applicable employment agreement or (ii) one year, payable in accordance with our
standard payroll and bonus payment practices. All unvested stock options and
restricted stock would become 100% vested as of the date of termination, and Mr.
Lukes, under COBRA, would continue to receive any health benefits previously
provided for by us, at no cost to him during the severance period. If the
employment agreement is terminated and Mr. Lukes becomes employed by a competing
business during the period in which he is receiving severance payments, the
Company will reduce his severance payments by the amount paid by the competing
business. If Mr. Lukes is terminated due to death or disability, all of his
stock options and restricted stock would vest on the effective date of such
termination of employment. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>In
Mr. Lukes&#146; agreement, &#147;cause&#148; is defined as: (i) materially harming the Company
through a material act of dishonesty in the performance of his duties, (ii)
conviction of a felony or (iii) failure to perform his material duties (other
than excusable failures to perform) after the Company provides 30 days written
notice specifying the failure and a reasonable opportunity to cure.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>If,
within 60 days following a Change-in-Control, Mr. Lukes is terminated without
cause or resigns his employment for any reason, he would be entitled to a lump
sum payment equal to the lesser of: (i) his base salary and the bonus (equal to
the bonus most recently received) for the remaining term of his employment
agreement, or (ii) the greatest payment which, in combination with all other
payments to which he would be entitled, would not constitute an &#147;excess
parachute payment&#148; as such term is defined in Section 280G of the Internal
Revenue Code. In addition, all unvested stock options Mr. Lukes held at the time
of the Change in Control would immediately vest.</FONT></P>
<P align=justify><FONT face=sans-serif size=2><U>Mr. Flynn&#146;s Employment
Agreement</U></FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>On
October 15, 2007, the Company entered into an employment agreement with Mr.
Flynn, which was superseded in its entirety by his consulting agreement with the
Company effective January 1, 2009. Mr. Flynn&#146;s employment provided that he would
receive a minimum of $1,325,000 per annum ($700,000 base salary and $625,000
guaranteed bonus) in compensation and would be eligible to receive equity awards
in the Board&#146;s discretion. Mr. Flynn continues to be engaged in a strategic
advisory capacity, </FONT></P>
<P align=center><FONT face=sans-serif size=2>25</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=sans-serif size=2>which includes serving on the
Company&#146;s Investment Committee, consulting on the Company&#146;s business projects in
selected locations, and participating in periodic business unit and portfolio
reviews. Pursuant to his Consulting Agreement with the Company effective January
1, 2009, Mr. Flynn will receive $250,000 each year during the term of the
employment-consulting arrangement ending December 11, 2011 and shall be eligible
to participate in and receive benefits under the Company&#146;s employee benefits
plan during such term in consideration for these consulting services.
</FONT><FONT face=sans-serif size=2>Mr. Flynn did not receive any severance
payments in connection with his transition from full-time employment to an
employee-consultant arrangement with the Company.</FONT></P>
<P align=justify><FONT face=sans-serif size=2><U>Mr. Friedman&#146;s Employment
Agreement and Separation Agreement</U></FONT></P>
<P align=justify><FONT face=sans-serif size=2><FONT face="Times New Roman" size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>On September 21, 2005, the Company
entered into an employment agreement with Mr. Friedman, pursuant to which Mr.
Friedman served as President of the Company&#146;s development subsidiary, Kimco
Developers, Inc. (&#147;KDI&#148;). This employment agreement was terminated by the
separation and general release agreement which the Company entered into with Mr.
Friedman on November 3, 2008. Mr. Friedman&#146;s last day of employment was December
31, 2008.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Mr.
Friedman&#146;s employment agreement entitled him to receive a base salary of
$500,000 per annum. In addition, Mr. Friedman was eligible to earn a bonus based
upon the calculation of KDI&#146;s Profits, as defined in his employment agreement.
Specifically, the employment agreement provided that the development subsidiary
Profits that were evaluated for purposes of calculating Mr. Friedman&#146;s
guaranteed minimum bonus were calculated by the Company for each development
subsidiary project that was, in whole or in part, either sold or was subject to
a written contract of sale which, in the Company&#146;s reasonable judgment, was
likely to be sold, such Profit to be determined by the Company in accordance
with the development subsidiary&#146;s books and records and also in accordance with
generally accepted accounting principles. The employment agreement further
provided that, consistent with the Company&#146;s past practice in the determination
of Profit, the Company shall determine Profit without consideration or offset
for taxes, and the Company would earn a 10% priority return on all funds
contributed to a project, whether in the form of debt or equity capital. As a
result, the development subsidiary Profits that were evaluated for purposes of
calculating Mr. Friedman&#146;s guaranteed minimum bonus reflect a deduction of the
Company&#146;s 10% priority return as well as amounts payable to any investment
partners involved in the applicable transaction. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Under Mr. Friedman&#146;s employment agreement, for each twelve month period
during the employment term in which KDI Profits are realized, Mr. Friedman was
eligible to receive a bonus, less all required deductions (&#147;Yearly Bonus&#148;). The
total Yearly Bonus during each twelve month period ending on December 31st was
an amount equal to fifteen percent (15%) of KDI Profits or $450,000, whichever
is less. The Yearly Bonus was to be paid at the end of each calendar quarter in
the amount of $112,500 for the first three calendar quarters and, at the end of
the fourth calendar quarter in an amount equal to the difference between
$337,500 and (i) fifteen percent (15%) of KDI Profits or (ii) $450,000,
whichever is less. In the event fifteen percent (15%) of KDI Profits for the
twelve month period ending on December 31st was less than the $337,500 already
received by Mr. Friedman during the first three calendar quarters, Mr. Friedman
would reimburse to the Company the overpayment. The Yearly Bonus to be earned by
Mr. Friedman was not to be in excess of $450,000 for any said twelve month
period ending on December 31st, unless the Executive Compensation Committee of
the Board so stated in writing. In the event of, and depending upon the reasons
for, a termination of Mr. Friedman&#146;s employment with the Company prior to the
expiration of the employment agreement, (i) any non-vested options would become
100% vested as of the termination date and (ii) Mr. Friedman would receive
severance in the amount equal to the base salary and bonus then in effect for
the greater of the balance of the term of the employment agreement or one
year.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
Company entered into a separation and general release agreement with Jerald
Friedman on November 3, 2008, and entered into a supplemental release with Mr.
Friedman on January 3, 2009. The separation agreement provides for a severance
payment of $625,000 (equal to fifteen months of Mr. Friedman&#146;s base salary), to
be paid by the Company over the course of fifteen months in equal weekly
installments. Mr. Friedman timely elected to continue medical coverage under the
Company&#146;s group</FONT></P>
<P align=center><FONT face=sans-serif size=2>26</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=sans-serif size=2>medical and dental plans in accordance with the continuation
requirements of COBRA, and the Company will pay his premiums under its group
medical plan for the period ending on the earlier of (i) March 31, 2010, or (ii)
the date Mr. Friedman becomes eligible for medical coverage under another
employer&#146;s plan. After such period, Mr. Friedman may elect to continue to
participate in the Company&#146;s group medical and dental coverage under COBRA at
his own expense for the remainder of the COBRA period. Finally, the Company
caused all of Mr. Friedman&#146;s stock options to fully vest and become exercisable
on December 31, 2008. Each option will remain outstanding and exercisable until
the earlier of (i) the date Mr. Friedman engages in activities &#147;in competition&#148;
with the Company (as defined in the separation agreement) or (ii) the expiration
of the original 10-year term under the applicable option separation
agreement.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Mr.
Friedman affirmed that the Company does not owe him any compensation for his
term of employment except for (i) any unused and accrued vacation and
reimbursable expenses, which were paid out to Mr. Friedman as of his last day of
employment, and (ii) the fourth installment of Mr. Friedman&#146;s 2008 bonus, which
was paid in January 2009. Mr. Friedman will continue to be covered under the
Company&#146;s directors and officer&#146;s liability insurance for activities conducted
within the scope of his employment during the term of his employment. Mr.
Friedman agrees to maintain the confidentiality of the Company&#146;s proprietary and
confidential information and that he will not assist in commencing or
prosecuting legal action against the Company. The separation agreement also
contains a broad general mutual release by both the Company and Mr. Friedman and
a mutual non-disparagement covenant.</FONT></P>
<P align=justify><B><FONT face=sans-serif size=2>Potential Payments upon
Termination or Change in Control</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Severance Agreements.</FONT></I><FONT face=sans-serif size=2> The Company
does not have any separate program or agreement that pays severance or
post-termination payments to its named executive officers. Each of the named
executive officers (other than the Company&#146;s chief executive officer, Mr. Milton
Cooper, who does not have an employment agreement with the Company) is entitled
only to such severance and post-termination payments as are specified in his
respective employment agreement. Each of these employment agreements is
individually negotiated and results from the consideration of specific facts and
circumstances at the time each employment agreement is negotiated. Since Mr.
Cooper is not a party to an employment agreement with the Company, the Company
is not obligated to provide him with severance payments or payments in the event
of a change-in-control. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Please see </FONT><I><FONT face=sans-serif size=2>&#147;Additional
Compensation Considerations &#150; Employment Agreements&#148;</FONT></I><FONT face=sans-serif size=2> above for a description of the compensation and benefits
which Messrs. Henry, Lukes, and Pappagallo would receive upon their termination
without cause, termination due to death or disability, termination for cause,
and the definitions of &#147;cause&#148; in their respective employment
agreements.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
following table was prepared as though each of the named executive officers had
been terminated without cause on December 31, 2008. The assumptions and
valuations are noted in the footnotes to the table.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="61%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Non-Equity</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="61%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Incentive</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Health
      &amp;</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="61%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><FONT face=sans-serif size=1>Stock</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Option</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Plan</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Welfare</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="61%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Salary</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Bonus</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><FONT face=sans-serif size=1>Awards</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Awards</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Compensation</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=Arial size=1>Benefits</FONT>
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><FONT face=sans-serif size=1>Total</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="61%"><FONT face=sans-serif size=1>Name</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><FONT face=sans-serif size=1>($)(4)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)(2)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)(7)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><FONT face=sans-serif size=1>($)</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="61%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Milton Cooper (6)</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>Michael V.
      Pappagallo (1)(3)</FONT> </TD>
    <TD noWrap align=right width="1%">&nbsp;</TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>1,604,167</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>-</FONT>
</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>-</FONT>
</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>39,591</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>1,643,758</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="61%" bgColor=#c0c0c0><FONT face=sans-serif size=2>David B. Henry (1)</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>1,718,750</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>1,375,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>1,371,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>96,288</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>4,561,038</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="61%"><FONT face=sans-serif size=2>David Lukes
      (1)</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>1,808,333</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>258,333</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>548,400</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>44,629</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>2,659,695</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="61%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Jerald Friedman (5)</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD></TR></TABLE><BR>


<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(1)</FONT></TD>
    <TD vAlign=top noWrap><font size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>See Executive
      Compensation and Transactions with Management and Others &#150; &#147;Employment
      Agreements&#148;.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(2)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Under employment
      contracts, termination without cause would result in acceleration of
      options. Amount was determined by subtracting the option strike price from
      the market price of the stock on December 31, 2008 ($18.28), multiplied by
      the number of shares for all unvested options as of December 31, 2008 that
      were in the money.</FONT></TD></TR>
</TABLE>



<P align=center><FONT face=sans-serif size=2>27</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(3)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Mr. Pappagallo&#146;s
      employment agreement does not have a guaranteed bonus amount.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(4)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>In accordance
      with Mr. Henry&#146;s employment agreement, he is entitled to an unrestricted
      award of 75,000 shares of Common Stock. In accordance with Mr. Lukes&#146;
      employment agreement, he is entitled to full vesting of his 30,000 shares
      of restricted stock. Amounts were determined using the market price of the
      stock on December 31, 2008 ($18.38).</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(5)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Mr. Friedman
      retired on December 31, 2008. Under the terms of his separation agreement
      with the Company, Mr. Friedman is entitled to receive $625,000 in the
      aggregate over 15 months and reimbursement of COBRA premiums until the
      earlier of March 31, 2010 or his coverage under a subsequent employer&#146;s
      plan. In addition, all of Mr. Friedman&#146;s outstanding Options vested and
      became exercisable on December 31, 2008.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(6)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Mr. Cooper is not
      a party to an employment agreement with the Company, and the Company is
      not obligated to provide him with severance payments.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(7)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Amounts are based
      on the cost of coverage during 2008.</FONT></TD></TR></TABLE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Mr.
Flynn transitioned from full-time employment to an employee-consultant
arrangement with the Company, effective January 1, 2009. The Company and Mr.
Flynn have entered into a consulting agreement that provides that, in
consideration for Mr. Flynn&#146;s consulting services, the Company shall pay Mr.
Flynn $250,000 per year until December 31, 2011 (for a maximum payment over the
three year term of $750,000). If the consulting agreement is terminated by the
Company for any reason or by Mr. Flynn due to the Company&#146;s failure to perform
any obligation under the agreement, Mr. Flynn shall be entitled to receive
continued payment of the consulting fees and benefits through December 31, 2011.
If Mr. Flynn dies or becomes disabled prior to December 31, 2011, he will be
entitled to receive continued payment of the consulting fees and benefits for
six months after his death or termination of employment in connection with such
disability. If Mr. Flynn voluntarily terminates the consulting agreement prior
to the end of the term, he shall not be entitled to receive any consulting
payments or benefits following such termination.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
following table was prepared as though each of the named executive officers had
been terminated due to death or disability on December 31, 2008. The assumptions
and valuations are noted in the footnotes to the table.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="63%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Non-Equity</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Incentive</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Plan</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Salary</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Bonus</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Stock
      Awards</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Option
      Awards</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Compensation</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Total</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="63%"><FONT face=sans-serif size=1>Name</FONT> </TD>
    <TD noWrap align=right width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)(4)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)(3)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)(2)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Milton Cooper (5)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>Michael V.
      Pappagallo (1)</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>350,000</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>-</FONT>
</TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>-</FONT>
</TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>350,000</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0><FONT face=sans-serif size=2>David B. Henry (1)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>375,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>375,000</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%"><FONT face=sans-serif size=2>David Lukes
      (1)</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>-</FONT>
</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>-</FONT>
</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>548,400</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>548,400</FONT>&nbsp; </TD></TR></TABLE><BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(1)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>See Executive
      Compensation and Transactions with Management and Others &#150; &#147;Employment
      Agreements&#148;.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(2)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Under employment
      contracts, termination due to death or disability would result in
      acceleration of the vesting of options. Amount was determined by
      subtracting the option strike price from the market price of the stock on
      December 31, 2008 ($18.28), multiplied by the number of shares for all
      unvested options as of December 31, 2008 that were in the
  money.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(3)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Vesting of Mr.
      Lukes&#146; restricted shares would accelerate as a result of death or
      disability.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(4)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Represents
      payments that would be made to the NEO or the NEOs beneficiary if
      terminated due to disability or death.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(5)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top width="100%"><FONT face=sans-serif size=1>Mr. Cooper is not
      a party to an employment agreement with the Company, and the Company is
      not obligated to provide him with severance
payments.</FONT></TD></TR></TABLE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Change-in-Control.</FONT></I><FONT face=sans-serif size=2> Please see
&#147;</FONT><I><FONT face=sans-serif size=2>Additional Compensation Considerations &#150;
Change-in-Control</FONT></I><FONT face=sans-serif size=2>&#148; above for a
description of the compensation and benefits which Messrs. Henry, Lukes, and
Pappagallo would receive upon their termination following a change-in-control
and the definition of &#147;change-incontrol&#148; in their respective employment
agreements.</FONT></P>
<P align=center><FONT face=sans-serif size=2>28</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
following table was prepared as though there were a change-in-control on
December 31, 2008. The assumptions and valuations are noted in the footnotes to
the table.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="58%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Salary</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Bonus</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Non-Equity</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Component</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Component</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Incentive</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Health
      &amp;</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>of
      Lump-Sum<FONT face="Times New Roman" size=3> </FONT></FONT></TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>of
      Lump-Sum</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Stock</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Option</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Plan</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Welfare</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Payment</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Payment</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Awards</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Awards<FONT face="Times New Roman" size=3> </FONT></FONT></TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Compensation<FONT face="Times New Roman" size=3> </FONT></FONT></TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Benefits</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Total</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="58%"><FONT face=sans-serif size=1>Name</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)(4)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)(2)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)(7)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)(5)</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Milton Cooper (6)</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%"><FONT face=sans-serif size=2>Michael V.
      Pappagallo (1)(3)</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>1,604,167</FONT> </TD>
    <TD noWrap align=right width="1%">&nbsp;</TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>1,145,833</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>-</FONT>
</TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>39,591</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>2,789,591</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0><FONT face=sans-serif size=2>David B. Henry (1)</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>1,718,750</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>1,787,500</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>1,371,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>96,288</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>4,973,538</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%"><FONT face=sans-serif size=2>David Lukes
      (1)</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>1,808,333</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>258,333</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>548,400</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>-</FONT>
</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>2,615,066</FONT> </TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(1)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>See Executive Compensation
      and Transactions with Management and Others &#150; &#147;Employment
      Agreements&#148;.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(2)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>Under employment contracts,
      termination without cause would result in acceleration of the vesting of
      options. Amount was determined by subtracting the option strike price from
      the market price of the stock on December 31, 2008 ($18.28), multiplied by
      the number of shares for all unvested options as of December 31, 2008 that
      were in the money.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(3)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top align=left width="100%">
      <P><FONT face=sans-serif size=1>Mr. Pappagallo&#146;s employment agreement does
      not have a guaranteed bonus amount.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(4)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>In accordance with Mr.
      Henry&#146;s employment agreement, he is entitled to an unrestricted award of
      75,000 shares of Common Stock. In accordance with Mr. Lukes&#146; employment
      agreement, he is entitled to full vesting of his 30,000 shares of
      restricted stock. Amount was determined using the market price of the
      stock on December 31, 2008 ($18.28).</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(5)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>Amounts are all subject to
      caps pursuant to Internal Revenue Service Code Section 280G, as described
      above.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(6)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>Mr. Cooper is not a party to
      an employment agreement with the Company, and the Company is not obligated
      to provide him with payments as a result of a
    change-in-control.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(7)</FONT></TD>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD vAlign=top align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>Amounts are based on the
      cost of coverage during 2008.</FONT></P></TD></TR></TABLE>
<P align=left><B><FONT face=sans-serif size=2>Equity Participation Plan
</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Description of Plan.</FONT></I><FONT face=sans-serif size=2> The Company
maintains the Second Amended and Restated 1998 Equity Participation Plan (the
&#147;Equity Participation Plan&#148;) for the benefit of its eligible employees,
consultants, and directors. The Equity Participation Plan was established for
the purpose of attracting and retaining the Company&#146;s directors, executive
officers, other employees and consultants by offering them an opportunity to own
Common Stock and/or rights which will reflect the growth, development and
financial success of the Company. The Equity Participation Plan provides that
the Executive Compensation Committee or the Board, as applicable, may from time
to time grant or issue &#147;incentive stock options&#148; (within the meaning of Section
422 of the Internal Revenue Code, the &#147;Code&#148;) and &#147;non-qualified stock options&#148;,
that vest over time and are exercisable at the &#147;fair market value&#148; (as defined
in the Equity Participation Plan) of the Common Stock at the date of grant. In
addition, the Equity Participation Plan provides for (i) the granting of
restricted stock awards that vest over time and (ii) the granting of deferred
stock (&#147;Deferred Stock&#148;). </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
exercise price and term of each option are fixed by the Executive Compensation
Committee, provided, however, that the exercise price must be at least equal to
the fair market value of the Common Stock on the date of grant and the term
cannot exceed 10 years; and further provided that, in the case of an incentive
stock option granted to an individual who owns (or is deemed to own) at least
10% of the total combined voting power of all classes of stock of the Company, a
subsidiary or a parent (within the meaning of Section 424 of the Code), such
exercise price must not be less than 110% of the fair market value of the Common
Stock on the date of grant. Incentive stock options may be granted only within
10 years from the date of adoption of the Equity Participation Plan. The
aggregate fair market value (determined at the time the option is granted) of
shares with respect to which incentive stock options may be granted under the
Equity Participation Plan, or any other plan of the Company or any parent or
subsidiary, which stock options are exercisable for the first time during any
calendar year, may not exceed $100,000. The maximum number of options that may
be granted to any one individual in any calendar year shall not exceed
1,500,000, provided that the grant of the options will not cause the Company to
fail to qualify as a real estate investment trust for Federal income tax
purposes. An optionee may, with the consent of the Executive Compensation
Committee, elect to pay for the shares to be received upon exercise of his
options in cash, shares of Common Stock or any combination thereof. </FONT></P>
<P align=center><FONT face=sans-serif size=2>29</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Option Grants and Restricted Stock Awards.</FONT></I><FONT face=sans-serif size=2> Pursuant to the Equity Participation Plan as currently
in effect, a maximum aggregate of 47,000,000 shares of Common Stock is reserved
for issuance under the Stock Option Plan (9,000,000 shares, all of which have
been issued) and the Equity Participation Plan (38,000,000 shares). Options to
acquire 2,903,475, 2,971,900, and 2,805,650 shares were granted during 2008,
2007 and 2006 at weighted average exercise prices of $37.29, $41.41, and $39.91
per share, respectively. The closing price of the Company&#146;s Common Stock on the
New York Stock Exchange on March 18, 2009 was $9.11. In addition, 70,918 shares,
1,175 shares, and 31,556 shares of restricted stock were issued during 2008,
2007 and 2006, respectively.</FONT></P>
<P align=left><B><FONT face=sans-serif size=2>Equity Compensation Plan
Information</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
following table sets forth certain information regarding the Company&#146;s equity
compensation plans as of December 31, 2008.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="65%"></TD>
    <TD noWrap align=left width="5%"></TD>
    <TD noWrap align=left width="5%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="9%" colSpan=3><FONT face=sans-serif size=1>(c)</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%"></TD>
    <TD noWrap align=left width="5%"></TD>
    <TD noWrap align=left width="5%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="9%" colSpan=3><FONT face=sans-serif size=1>Number of securities</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="15%" colSpan=3><FONT face=sans-serif size=1>(a)</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=4><FONT face=sans-serif size=1>(b)</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="9%" colSpan=3><FONT face=sans-serif size=1>remaining available for</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="15%" colSpan=3><FONT face=sans-serif size=1>Number of securities to</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=4><FONT face=sans-serif size=1>Weighted-average</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="9%" colSpan=3><FONT face=sans-serif size=1>future issuance under</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="15%" colSpan=3><FONT face=sans-serif size=1>be issued upon exercise</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=4><FONT face=sans-serif size=1>exercise price of</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="9%" colSpan=3><FONT face=sans-serif size=1>equity compensation</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="15%" colSpan=3><FONT face=sans-serif size=1>of outstanding options,</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=4><FONT face=sans-serif size=1>outstanding options,</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="9%" colSpan=3><FONT face=sans-serif size=1>plans (excluding securities</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%"></TD>
    <TD noWrap align=center width="5%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="15%" colSpan=3><FONT face=sans-serif size=1>warrants and rights</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" colSpan=4><FONT face=sans-serif size=1>warrants and rights</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="9%" colSpan=3><FONT face=sans-serif size=1>reflected in column (a))</FONT>
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Plan Category</FONT> </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR>
    <TD width="95%" colSpan=13>&nbsp;</TD>
    <TD width="5%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Equity compensation plans</FONT> </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%" bgColor=#c0c0c0><FONT face=sans-serif size=2>approved by stockholders</FONT> </TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>16,263,822</FONT> </TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=sans-serif size=2>$</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=sans-serif size=2>31.58</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>5,031,718</FONT> </TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0></TD></TR>
  <TR>
    <TD width="95%" colSpan=13>&nbsp;</TD>
    <TD width="5%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Equity compensation plans not</FONT> </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%" bgColor=#c0c0c0><FONT face=sans-serif size=2>approved by stockholders</FONT> </TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>N/A</FONT> </TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="2%" bgColor=#c0c0c0 colSpan=2><FONT face=sans-serif size=2>N/A</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>N/A</FONT> </TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="65%" bgColor=#ffffff><FONT face=sans-serif size=2>Total</FONT> </TD>
    <TD noWrap align=center width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=center width="5%" bgColor=#ffffff></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="5%" bgColor=#ffffff><FONT face=sans-serif size=2>16,263,822</FONT> </TD>
    <TD noWrap align=right width="5%" bgColor=#ffffff></TD>
    <TD noWrap align=right width="1%" bgColor=#ffffff>&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#ffffff>&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="1%" bgColor=#ffffff><FONT face=sans-serif size=2>$</FONT> </TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="1%" bgColor=#ffffff><FONT face=sans-serif size=2>31.58</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#ffffff></TD>
    <TD noWrap align=center width="1%" bgColor=#ffffff>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#ffffff></TD>
    <TD style="BORDER-BOTTOM: #000000 2pt double" noWrap align=right width="3%" bgColor=#ffffff><FONT face=sans-serif size=2>5,031,718</FONT> </TD>
    <TD noWrap align=center width="5%" bgColor=#ffffff></TD></TR></TABLE><BR>
<P align=left><B><FONT face=sans-serif size=2>401(k) Plan</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
Company maintains a 401(k) retirement plan (the &#147;401(k) Plan&#148;) covering
substantially all officers and employees of the Company. The 401(k) Plan permits
participants to defer up to a maximum of 100% of their eligible compensation,
which deferrals generally are matched concurrently by the Company up to a
maximum of 5% of the employee&#146;s eligible compensation or $8,500. Participants in
the 401(k) Plan are not subject to federal and state income tax on salary
deferral contributions or Company contributions or on the earnings thereon until
such amounts are withdrawn from the 401(k) Plan. Salary reduction contributions
are treated as wages subject to FICA and Medicare tax. Withdrawals from the
401(k) Plan may only be made upon termination of employment, or in connection
with certain provisions of the 401(k) Plan that permit hardship withdrawals,
allow in service distributions and loans, or require minimum distributions.
</FONT></P>
<P align=justify><B><FONT face=sans-serif size=2>Compensation of
Directors</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>During 2008, members of the Board of Directors and Committees thereof who
were not also employees of the Company (&#147;Non-management Directors&#148;) were
entitled to receive an annual fee of $50,000. Also, during 2008, the
Non-management Directors were entitled to receive $16,000 each as members of the
Executive Compensation Committee and Nominating and Corporate Governance
Committee. In addition, each chairman of the Executive Compensation Committee
and Nominating and Corporate Governance Committee was entitled to receive an
additional annual fee of $10,000. The Non-management Directors who are members
of the Audit Committee also are entitled to receive an annual fee of $20,000.
The chairman of the Audit Committee was entitled to an additional annual fee of
$10,000. During 2008, the Lead Director received an annual fee of $10,000. In
accordance with the Company&#146;s Equity Participation Plan, the Non-management
Directors may be granted awards of deferred stock (&#147;Deferred Stock&#148;) or
restricted stock in lieu of directors&#146; fees. Unless otherwise provided by the
Board, a </FONT></P>
<P align=center><FONT face=sans-serif size=2>30</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=sans-serif size=2>grantee of Deferred Stock shall
have no rights as a Company stockholder with respect to such Deferred Stock
until such time as the Common Stock underlying the award has been issued.
Employees of the Company who are also Directors are not paid any directors&#146;
fees. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
following table sets forth the compensation of each Non-management Director for
the calendar year 2008.</FONT></P>
<P align=center><B><FONT face=sans-serif size=2>Non-management Director
Compensation</FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="57%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Change
      in</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="57%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Pension</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="57%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Value
      and</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="57%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Fees
      Earned</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Non-Equity</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Nonqualified</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="57%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>or Paid
      in</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Stock</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Option</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Incentive
      Plan</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Deferred</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>All
      Other</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="57%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Cash</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Awards</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Awards<FONT face="Times New Roman" size=3> </FONT></FONT></TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Compensation<FONT face="Times New Roman" size=3> </FONT></FONT></TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Compensation<FONT face="Times New Roman" size=3> </FONT></FONT></TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Compensation</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>Total</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="57%"><FONT face=sans-serif size=1>Name</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)(1)</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)(2)</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>Earnings</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=sans-serif size=1>($)</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="57%"><FONT face=sans-serif size=1>(a)</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(b)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(c)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(d)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(e)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(f)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(g)</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=1>(h)</FONT>
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="57%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Richard G. Dooley</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>106,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>126,600</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>232,600</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>Joe
      Grills</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>48,000</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>48,000</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>126,600</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>222,600</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="57%" bgColor=#c0c0c0><FONT face=sans-serif size=2>F. Patrick Hughes</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>48,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>48,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>126,600</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>222,600</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>Frank
      Lourenso</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>33,000</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>33,000</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>126,600</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>192,600</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="57%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Richard Saltzman</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>66,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>126,600</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>192,600</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="57%"><FONT face=sans-serif size=2>Philip
      Coviello</FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>57,333</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>62,329</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>63,300</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=sans-serif size=2>-</FONT>
    </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=right width="5%"><FONT face=sans-serif size=2>182,962</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="57%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Martin Kimmel (3)</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>12,500</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=sans-serif size=2>12,500</FONT> </TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(1)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>Amounts reflect the value of
      deferred stock received in lieu of directors&#146; fees and meeting fees. As of
      December 31, 2008, Messrs. Dooley, Grills, Lourenso, Saltzman and Hughes
      were entitled to 19,179 shares, 17,330 shares, 14,103 shares, 8,775
      shares, and 3,548 shares of deferred stock, respectively. Additionally,
      amounts reflected for Mr. Coviello represent the receipt of options to
      acquire 10,000 shares of Common Stock at $37.39 per share, the market
      price on August 6, 2008, and 1,667 shares of restricted stock with 417
      shares vesting on August 6, 2009.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(2)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>Amounts reflect the dollar
      amount, without any reduction for risk of forfeiture, recognized for
      financial reporting purposes for the fiscal year ended December 31, 2008,
      calculated in accordance with the provision of Statement of Financial
      Accounting Standards (&#147;SFAS&#148;) No. 123 (revised 2004), Accounting for
      Stock-Based Compensation (&#147;SFAS No. 123R&#148;). The fair value of each award
      is estimated on the date of grant using the Black-Scholes option pricing
      formula. The assumptions used by the Company in calculating these amounts
      are incorporated herein by reference to Note 21 to Consolidated Financial
      Statements in the Company&#146;s 2008 Form 10-K. Specifically, the number in
      the table above includes options granted in August 2008 valued at
      $6.33.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(3)</FONT></TD>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>Mr. Kimmel, a Director,
      Chairman (Emeritus) of the Board of Directors, and founding member of the
      Company&#146;s predecessor, passed away on April 16,
  2008.</FONT></P></TD></TR></TABLE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>During each of 2007 and 2006, the Company granted Messrs. Dooley, Grills,
Hughes, Lourenso, and Saltzman options to acquire 20,000 shares each of Common
Stock at $41.06, and $40.09 per share, respectively, the market prices on the
dates of such option grants. During 2008, the Company granted Messrs. Dooley,
Grills, Hughes, Lourenso, and Saltzman options to acquire 20,000 shares each of
Common Stock at $37.39 per share, the market price on August 6, 2008, the date
of such option grants. Mr. Coviello elected to receive options to acquire 10,000
shares of Common Stock at $37.39 per share, the market price on August 6, 2008,
and 1,667 shares of restricted stock with 417 shares vesting on August 6, 2009.
As of December 31, 2008, Messrs. Coviello, Dooley, Grills, Hughes, Lourenso, and
Saltzman held options to acquire 10,000 shares, 215,000 shares, 215,000 shares,
130,626 shares, 192,500 shares and 136,250 shares, respectively; Mr. Coviello
held 1,667 shares of restricted stock. See &#147;Compensation Discussion and
Analysis&#148; for information concerning stock options granted to Mr. Cooper, Mr.
Flynn and Mr. Henry. The Company intends to grant Non-management Directors
options to acquire an additional 20,000 shares during 2009 at the then current
market price.</FONT></P>
<P align=center><FONT face=sans-serif size=2>31</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=sans-serif size=2>Certain Relationships and
Related Transactions</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
Company reviews all relationships and transactions in which the Company and our
directors and executive officers or their immediate family members are
participants to determine whether such persons have a direct or indirect
material interest. Our current written policies and procedures for review,
approval or ratification of relationships or transactions with related persons
are set forth in our:</FONT></P>
<UL>
  <LI><FONT face=sans-serif size=2>Code of Business Conduct and
  Ethics;<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Corporate Governance
  Guidelines;<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Nominating and Corporate Governance Committee
  Charter; and<BR>&nbsp;</FONT>
  <LI><FONT face=sans-serif size=2>Audit Committee Charter.</FONT></LI></UL>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Our
Code of Business Conduct and Ethics applies to all of our directors, officers,
associates and agents and contains general guidelines for conducting our
business consistent with the highest standards of business ethics. Any employee
who knows of or suspects a violation of this Code must immediately report the
conduct to the Vice President of Human Resources, who will work directly with
that employee to investigate the concern, or the employee may anonymously report
the known or suspected violation via our Helpline. The Code requires that
employees identify and disclose conflicts of interest, such as a significant
financial interest in a company that competes with us or the acceptance of a
gift from an individual or entity who might benefit or appear to benefit from
the employee&#146;s relation with the Company.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Our
Corporate Governance Guidelines provide that the Nominating and Corporate
Governance Committee will review annually the relationships that each director
has with the Company (either directly or as a partner, stockholder or officer of
an organization that has a relationship with the Company), in the course of
making independence determinations under the NYSE standards. Directors are
expected to avoid any action, position or interest that conflicts with the
interests of the Company or gives the appearance of a conflict. If an actual or
potential conflict of interest develops, the director should immediately report
the matter to the Chairman of the Board. Any significant conflict must be
resolved, or the director should resign. If a director has a personal interest
in a matter before the Board, the director will disclose the interest to the
Board, excuse himself or herself from discussion on the matter and not vote on
the matter. The Corporate Governance Guidelines further provide that the Board
of Directors is responsible for reviewing and, where appropriate, approving
major changes in and determinations under the Company&#146;s Guidelines, Code of
Business Conduct and Ethics and other Company policies. The Guidelines also
provide that the Board of Directors has the responsibility to ensure that the
Company&#146;s business is conducted with the highest standards of ethical conduct
and in conformity with applicable laws and regulations.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Our
Nominating and Corporate Governance Committee Charter provides that the
Committee will, at least annually, review the relationships that each director
has with the Company (either directly or as a partner, stockholder or officer of
an organization that has a relationship with the Company). In addition, the
Company&#146;s legal staff is primarily responsible for obtaining information through
questionnaires and other appropriate procedures from the directors and executive
officers with respect to related-person transactions and then determining
whether the Company or a related person has a direct or indirect material
interest in the transaction. As required under SEC rules, transactions that are
determined to be directly or indirectly material to the Company or a related
person are disclosed in the Company&#146;s proxy statement. Pursuant to the Audit
Committee&#146;s charter and its policy regarding related-person transactions, as
recorded in its minutes, the Audit Committee reviews and approves or ratifies
related-person transactions that are required to be disclosed as well as all
other related-person transactions identified to the Audit Committee by
management or the Company&#146;s internal audit function. In the course of its review
and approval or ratification of a related-party transaction for which disclosure
is required, the Audit Committee routinely considers: the nature of the
related-person&#146;s interest in the transaction; the material terms of the
transaction; the importance of the transaction to the related person and to the
Company and the extent to which such transaction would impair the judgment of a
director or executive </FONT></P>
<P align=center><FONT face=sans-serif size=2>32</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=sans-serif size=2>officer to act in the best
interest of the Company; and any other matters deemed appropriate by the Audit
Committee. All related-party transactions described in this proxy statement have
been reviewed in accordance with this policy.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Joint Ventures.</FONT></I><FONT face=sans-serif size=2> Members of the
Company&#146;s management have investments in certain real estate joint ventures or
limited partnerships which own and/or operate certain of the Company&#146;s property
interests. The Company receives various fees related to these ventures. Any
material future transactions involving these joint ventures or partnerships is
subject to the approval of a majority of disinterested directors of the
Company.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Relationship with J.P. Morgan.</FONT></I><FONT face=sans-serif size=2>
Mr. Frank Lourenso is an Executive Vice President of J.P. Morgan and has been a
Director of the Company since December 1991. The Company utilizes general cash
management services offered by J.P. Morgan and J.P. Morgan periodically provides
the Company with investment banking services. J.P. Morgan was the joint arranger
and participant with a consortium of 29 banks of the Company&#146;s $1.5 billion
unsecured revolving credit facility and is a participant in the Company&#146;s $250.0
million Canadian denominated unsecured credit facility. </FONT></P>
<P align=justify><FONT face=sans-serif size=2><FONT face="Times New Roman" size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><EM>Relationship with Latham &amp;
Watkins.</EM></FONT><FONT face=sans-serif size=2> Mr. Coviello is a retired
partner of Latham &amp; Watkins LLP and has been a Director of the Company since
May 2008. Latham &amp; Watkins provides legal services to the Company. Mr.
Coviello&#146;s retirement payments are adjusted to exclude any proportionate benefit
received from the fees paid by the Company to Latham &amp; Watkins.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Family Relationships. </FONT></I><FONT face=sans-serif size=2>Mr. Paul
Dooley, Vice President of Property Tax/Insurance of the Company, is the son of
Mr. Richard G. Dooley, a director of the Company. Mr. Paul Dooley received total
compensation of $324,380 from the Company in fiscal year 2008, calculated in the
same manner as the Summary Compensation Table. This compensation includes a cash
salary in 2008 as an employee of the Company of $260,144 with the remaining
balance comprised of (i) compensation cost to the Company in 2008 of equity
awards recognized for financial reporting purposes over the requisite service
period, calculated in accordance with the provision of SFAS No. 123R, (ii)
matching contributions under the Company&#146;s 401(k) plan, (iii) bonuses, and (iv)
various benefits. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Mr.
Patrick Flynn, Director of Real Estate of the Company, is the son of Mr. Michael
J. Flynn, Vice Chairman of the Board of the Company until his retirement on
December 31, 2008. Mr. Patrick Flynn is also the President and a director of
Blue Ridge Real Estate/Big Boulder Corporation (&#147;Blue Ridge&#148;), a consolidated
entity in which the Company has a controlling interest. Mr. Patrick Flynn
received total compensation of $621,254 from the Company, including $97,472 from
Blue Ridge, in fiscal year 2008, calculated in the same manner as the Summary
Compensation Table. This compensation includes a cash salary in 2008 as an
employee of the Company and Blue Ridge of $300,192 with the remaining balance
comprised of (i) compensation cost to the Company in 2008 of equity awards,
recognized for financial reporting purposes over the requisite service period,
calculated in accordance with the provision of SFAS No. 123R, (ii) matching
contributions under the Company&#146;s 401(k) plan, (iii) bonuses, and (iv) various
benefits.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Mr.
Connor Flynn, Vice President, Western Region, of the Company, is also the son of
Mr. Michael J. Flynn, Vice Chairman of the Board of the Company until his
retirement on December 31, 2008. Mr. Connor Flynn received total compensation of
$321,614 from the Company in fiscal year 2008, calculated in the same manner as
the Summary Compensation Table. This compensation includes a cash salary in 2008
as an employee of the Company of $192,308 with the remaining balance comprised
of (i) compensation cost to the Company in 2008 of equity awards recognized for
financial reporting purposes over the requisite service period, calculated in
accordance with the provision of SFAS No. 123R, (ii) matching contributions
under the Company&#146;s 401(k) plan, (iii) bonuses, and (iv) various
benefits.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Mr.
Ross Cooper, Director of Acquisitions, Florida, of the Company, is the grandson
of Mr. Milton Cooper, Chief Executive Officer and Chairman of the Board of
Directors of the Company. Mr. Ross Cooper received total compensation of
$197,565 from the Company in fiscal year 2008, calculated in the same manner as
the Summary Compensation Table. This compensation includes a cash salary in 2008
as an employee of the Company of $124,712 with the remaining balance comprised
</FONT></P>
<P align=center><FONT face=sans-serif size=2>33</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=sans-serif size=2>of (i) compensation cost to the
Company in 2008 of equity awards recognized for financial reporting purposes
over the requisite service period, calculated in accordance with the provision
of SFAS No. 123R, (ii) matching contributions under the Company&#146;s 401(k) plan,
(iii) bonuses, and (iv) various benefits.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Transactions with Douglas Grills (&#147;Convenience
Retailing&#148;).</FONT></I><FONT face=sans-serif size=2> Mr. Douglas Grills, a
co-owner of Convenience Retailing, is the son of Mr. Joe Grills, a Director of
the Company. Convenience Retailing subleases real property from a partnership,
in which the Company has a non-controlling ownership interest, for use as
gas/service stations. The Company believes the lease terms are no less favorable
than would be obtained in negotiations with an independent third party.
</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Transactions with Joshua P. Friedman and Associates (&#147;Friedman and
Associates&#148;).</FONT></I><FONT face=sans-serif size=2> Mr. Joshua Friedman, a
principal of Friedman and Associates, is the son of Mr. Jerald Friedman,
Executive Vice President of the Company until December 31, 2008. During 2008,
the Company paid legal fees of $184,594 to Friedman and Associates for services
rendered primarily in connection with various real estate
transactions.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Transactions with Ripco Real Estate Corporation (&#147;Ripco&#148;).
</FONT></I><FONT face=sans-serif size=2>Ripco Real Estate Corp. was formed in
1991, employs approximately 40 professionals and serves numerous retailers,
REITs and developers. Ripco&#146;s business activities include serving as a leasing
agent and representative for national and regional retailers including Target,
Best Buy, Kohls and many others, providing real estate brokerage services and
principal real estate investing. Mr. Todd Cooper, an officer and 50% shareholder
of Ripco, is a son of Mr. Milton Cooper, Chief Executive Officer and Chairman of
the Board of Directors of the Company. During 2008 the Company paid brokerage
commissions of $478,330 to Ripco for services rendered primarily as leasing
agent for various national tenants in shopping center properties owned by the
Company. The Company believes that the brokerage commissions paid were at or
below the customary rates for such leasing services. Additionally, the Company
has the following joint venture investments with Ripco.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>During April 2005, the Company acquired an operating property located in
Hillsborough, NJ, comprising approximately 0.1 million square feet of gross
leasable area, through a newly formed joint venture in which the Company and
Ripco each hold a 50% non-controlling interest. The property was acquired for
approximately $4.0 million including the assumption of approximately $1.9
million of non-recourse mortgage debt encumbering the property. Subsequent to
the purchase, the joint venture obtained a $3.2 million one-year term loan which
bore interest at LIBOR plus 0.55%. During 2008, the term of this loan was
extended to May 2009 and the interest rate was increased to LIBOR plus 1.00%.
This loan is jointly and severally guaranteed by the Company and Ripco. Proceeds
from this loan were used to repay the $1.9 million mortgage encumbering the
property.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>During May 2005, the Company acquired a $10.2 million mortgage receivable
through a newly formed joint venture in which the Company and Ripco each hold a
50% non-controlling interest. The mortgage encumbered a property located in
Derby, CT, comprising approximately 0.1 million square feet of gross leasable
area. During October 2005, the joint venture foreclosed on the property and
obtained fee title. Subsequent to obtaining fee title, the joint venture
obtained a $9.0 million term loan which bore interest at LIBOR plus 0.50%.
During 2008, the term loan was increased to $11.0 million, extended to December
2009 and the interest rate was increased to LIBOR plus 3.50%. This loan is
jointly and severally guaranteed by the Company and Ripco.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>During October 2005, the Company acquired, through a newly formed joint
venture in which the Company and Ripco each have a 50% non-controlling interest,
a parcel of land for future development located in East Northport, NY, for a
purchase price of approximately $3.9 million. Partial funding for this
acquisition was provided through a $3.2 million one-year term loan which bore
interest at LIBOR plus 0.55%. During 2008, the term of this loan was extended to
October 2009 and the interest rate was increased to LIBOR plus 1.25%. This loan
is jointly and severally guaranteed by the Company and Ripco.</FONT></P>
<P align=justify><B><FONT face=sans-serif size=2>Audit Committee
Report</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
Audit Committee of the Board of Directors of Kimco Realty Corporation (the
&#147;Audit Committee&#148;) is responsible for providing objective oversight of Kimco
Realty Corporation&#146;s (the &#147;Company&#148;) financial accounting and reporting
functions, system of internal control and audit process. During 2008, the Audit
Committee was comprised of four directors all of whom were independent as
defined under the then </FONT></P>
<P align=center><FONT face=sans-serif size=2>34</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=sans-serif size=2>current listing standards of the
New York Stock Exchange. The Audit Committee operates under a written charter
adopted by the Board of Directors of the Company (the &#147;Board of Directors&#148;). A
copy of the Audit Committee Charter, as amended, is available through the
Investor Relations/Corporate Governance/ Highlights/Committee Charters section
of the Company&#146;s website located at <U>www.kimcorealty.com.</U></FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Management of the Company is responsible for the Company&#146;s system of
internal control and its financial reporting process. The independent registered
public accountants, PricewaterhouseCoopers LLP, are responsible for performing
an independent integrated audit of the Company&#146;s consolidated financial
statements and its internal controls over financial reporting in accordance with
the standards of the Public Company Accounting Oversight Board (United States)
and to issue a report thereon. The Audit Committee is responsible for the
monitoring and oversight of these processes.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>In
connection with these responsibilities, the Audit Committee met with management
and the Company&#146;s independent registered public accounting firm to review and
discuss the December 31, 2008 audited consolidated financial statements and the
effectiveness of the Company&#146;s internal controls over financial reporting. The
Audit Committee also discussed with the independent registered public
accountants the matters required by Statement on Auditing Standards No. 61
(Communication with Audit Committees), as amended by Statement on Auditing
Standards No. 90 (Audit Committee Communications). The Audit Committee also
received written disclosures and the letter from the independent registered
public accountants required by applicable requirements of the Public Company
Accounting Oversight Board regarding the independent accountant&#146;s communications
with the Audit Committee concerning independence, and the Audit Committee
discussed with the independent registered public accountants their
independence.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Based upon the Audit Committee&#146;s discussions with management and the
independent registered public accountants and the Audit Committee&#146;s review of
the December 31, 2008 audited consolidated financial statements and the
representations of management and required communications from the Company&#146;s
independent registered public accountants, the Audit Committee recommended that
the Board of Directors include the audited consolidated financial statements in
the Company&#146;s Annual Report on Form 10-K for the year ended December 31, 2008,
filed with the Securities and Exchange Commission.</FONT></P>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 width="30%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="100%"><B><FONT face=sans-serif size=2>AUDIT
      COMMITTEE</FONT></B>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="100%"><B><FONT face=sans-serif size=2>OF THE
      BOARD OF DIRECTORS</FONT></B>&nbsp; </TD></TR>
  <TR>
    <TD width="100%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="100%"><FONT face=sans-serif size=2>F. Patrick
      Hughes, Chairman</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="100%"><FONT face=sans-serif size=2>Richard G.
      Dooley</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="100%"><FONT face=sans-serif size=2>Joe
      Grills</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="100%"><FONT face=sans-serif size=2>Philip
      Coviello</FONT>&nbsp; </TD></TR></TABLE></DIV><BR>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
foregoing report shall not be deemed incorporated by reference by any general
statement incorporating by reference this proxy statement into any filing under
the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934,
as amended, except to the extent that the Company specifically incorporates this
information by reference, and shall not otherwise be deemed filed under the
Securities Act or the Exchange Act.</FONT></P>
<P align=justify><B><FONT face=sans-serif size=2>Independent Registered Public
Accountants</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>PricewaterhouseCoopers LLP was engaged to perform the integrated audit of
the Company&#146;s consolidated financial statements and of its internal control over
financial reporting as of December 31, 2008. There are no affiliations between
the Company and PricewaterhouseCoopers LLP, its partners, associates or
employees, other than as pertaining to its engagement as independent registered
public accountants for the Company in previous years. Representatives of
PricewaterhouseCoopers LLP are expected to be present at the Meeting and will be
given the opportunity to make a statement if they so desire and to respond to
appropriate questions.</FONT></P>
<P align=center><FONT face=sans-serif size=2>35</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>The
following table provides information relating to the fees billed to the Company
by PricewaterhouseCoopers LLP for the years ended December 31, 2008 and
2007:</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="50%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="89%">&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" colSpan=2><FONT face=sans-serif size=1>2008</FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" colSpan=2><FONT face=sans-serif size=1>2007</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Audit Fees (1)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=sans-serif size=2>$</FONT> </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>1,066,320</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=sans-serif size=2>$</FONT> </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>1,134,760</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%"><FONT face=sans-serif size=2>Audit-Related Fees (2)</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="1%"><FONT face=sans-serif size=2>$</FONT> </TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>-</FONT>
</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT face=sans-serif size=2>$</FONT> </TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>230,000</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0><FONT face=sans-serif size=2>Tax Fees</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=sans-serif size=2>$</FONT> </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=sans-serif size=2>$</FONT> </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=sans-serif size=2>-</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%"><FONT face=sans-serif size=2>All Other
      Fees</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT face=sans-serif size=2>$</FONT> </TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>1,500</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"><FONT face=sans-serif size=2>$</FONT> </TD>
    <TD noWrap align=right width="3%"><FONT face=sans-serif size=2>1,500</FONT> </TD></TR></TABLE></DIV><BR>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(1)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>Audit fees include all fees
      for services in connection with (i) the annual integrated audit of the
      Company&#146;s fiscal 2008 and 2007 financial statements and internal controls
      over financial reporting included in its annual reports on Form 10-K, (ii)
      the review of the financial statements included in the Company&#146;s quarterly
      reports on Form 10-Q, (iii) as applicable, the consents and comfort
      letters issued in connection with debt and equity offerings and filings of
      the Company&#146;s shelf registration statements, current reports on Form 8-K
      and proxy statements during 2008 and 2007 (iv) ongoing consultations
      regarding accounting for new transactions and pronouncements and (v) out
      of pocket expenses.</FONT></P></TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>(2)</FONT></TD>
    <TD vAlign=top noWrap><FONT face=sans-serif size=1>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></TD>
    <TD align=left width="100%">
      <P align=justify><FONT face=sans-serif size=1>Audit-Related Fees include
      the SEC Regulation S-X Rule 314 audits of the Selected Acquisition
      Properties in 2007.</FONT></P></TD></TR></TABLE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Policy on Audit Committee Pre-Approval of Audit and Non-Audit Services of
Independent Registered Public Accountants.</FONT></I><FONT face=sans-serif size=2> The Audit Committee is responsible for appointing, setting compensation
and overseeing the work of the independent registered public accountants. The
Audit Committee has established a policy regarding pre-approval of all audit and
non-audit services provided by the independent registered public
accountants.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>On
an ongoing basis, management communicates specific projects and categories of
services for which the advance approval of the Audit Committee is requested. The
Audit Committee reviews these requests and advises management if the Audit
Committee approves the engagement of the independent registered public
accountants. On a periodic basis, management reports to the Audit Committee
regarding the actual spending for such projects and services as compared to the
approved amounts. The Audit Committee may also delegate the ability to
pre-approve audit and permitted non-audit services to a subcommittee consisting
of one or more members, provided that such pre-approvals are reported on at a
subsequent Audit Committee meeting. All services performed for 2008 and 2007
were pre-approved by the Committee.</FONT></P>
<P align=center><B><FONT face=sans-serif size=2>PROPOSAL
2<BR></FONT></B><B><FONT face=sans-serif size=2>Ratification of the Appointment
of PricewaterhouseCoopers LLP as the Company&#146;s <BR>Independent Registered Public
Accounting Firm</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>In
accordance with its charter, the Audit Committee has selected the firm of
PricewaterhouseCoopers LLP, an independent registered public accounting firm, to
be the Company&#146;s auditors for the year 2009 and with the endorsement of the
Board of Directors, recommends to stockholders that they ratify that
appointment. PricewaterhouseCoopers LLP has been the Company&#146;s independent
registered public accountants since 1986.</FONT></P>
<P align=justify><B><FONT face=sans-serif size=2>Vote Required</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Assuming the presence of a quorum, the affirmative vote of a majority of
the votes cast at the Meeting is required for the ratification of the
appointment of PricewaterhouseCoopers LLP as the Company&#146;s independent
registered public accounting firm. Accordingly, abstentions or broker non-votes
will not affect the results of this vote.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=sans-serif size=2>THE BOARD OF DIRECTORS AND THE AUDIT COMMITTEE UNANIMOUSLY RECOMMEND A
VOTE FOR THIS PROPOSAL.</FONT></B></P>
<P align=center><FONT face=sans-serif size=2>36</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=sans-serif size=2>Other Matters </FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Section 16(a) Beneficial Ownership Reporting Compliance. </FONT></I><FONT face=sans-serif size=2>Section 16(a) of the Exchange Act requires the Company&#146;s
officers and directors and persons who own more than ten percent of a registered
class of the Company&#146;s equity securities, to file reports (Forms 3, 4 and 5) of
the ownership and changes in the ownership of such equity securities with the
SEC and the New York Stock Exchange. Officers, directors and beneficial owners
of more than ten percent of the Company&#146;s stock are required by SEC regulation
to furnish the Company with copies of all such forms which they file.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Based solely on the Company&#146;s review of the copies of Forms 3, 4 and 5
and amendments thereto received by it for the year ended December 31, 2008, or
written representations from certain reporting persons that no such forms were
required to be filed by those persons, the Company believes that during the year
ended December 31, 2008, all such filings under Section 16(a) of the Exchange
Act were filed on a timely basis by its officers, directors, beneficial owners
of more than ten percent of the Company&#146;s stock and other persons subject to
Section 16(a) of the Exchange Act.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>Reference should be made to the Company&#146;s annual report on Form 10-K for
the year ended December 31, 2008 and the Company&#146;s Annual Report delivered
together with this Proxy Statement, such documents incorporated herein by
reference, for financial information and related disclosures required to be
included herein.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Stockholder Nominees for Director and Other Stockholder
Proposals.</FONT></I><FONT face=sans-serif size=2> Stockholders interested in
presenting a proposal for inclusion in the Proxy Statement for the 2010 Annual
Meeting of Stockholders may do so by following the procedures in Rule 14a-8
under the Exchange Act. To be eligible for inclusion, stockholder proposals must
be received by Company at its principal executive offices no later than 120 days
prior to the first anniversary of the date of the proxy statement for the
preceding year&#146;s annual meeting. Under our current Bylaws, nominations of
individuals for election to the Board of Directors and the proposal of other
business to be considered by the stockholders at our 2010 Annual Meeting, but
not included in Company&#146;s proxy statement, may be made by a stockholder of
record at the time of giving notice and at the time of the Annual Meeting who
delivers notice along with the additional information and materials required by
our current bylaws to our Secretary at the principal executive office of the
Company not earlier than 150 days and not later than 120 days prior to the first
anniversary of the date of the proxy statement for the 2009 Annual Meeting. In
order for a nomination to be considered, the notice must include the information
as to such nominee and submitting stockholder that would be required to be
included in a proxy statement under the proxy rules of the SEC if such
stockholder were to solicit proxies from all stockholders of the Company for the
election of such nominee as a director and if such solicitation were one to
which Regulation 14A under the Exchange Act applied. In addition, proponents
must provide all of the information required by our current bylaws. We also may
require any proposed nominee to furnish such other information as may be
reasonably required to determine whether the proposed nominee is eligible to
serve as an independent director or that could be material to a reasonable
stockholder&#146;s understanding of the nominee&#146;s independence or lack thereof. You
can obtain a copy of the full text of the bylaw provision noted above by writing
to our Secretary at our address listed on the cover of this Proxy Statement. Our
current bylaws were filed with the SEC as an exhibit to our Annual Report on
Form 10-K for the year ended December 31, 2008.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Code of Business Conduct and Ethics.</FONT></I><FONT face=sans-serif size=2> The Board of Directors has adopted a written Code of Ethics for the
Company that applies to all directors and employees. A copy of the Company&#146;s
Code of Ethics is available through the Investor Relations/Corporate
Governance/Highlights/ Governance Documents section of the Company&#146;s website
located at <U>www.kimcorealty.com</U> and is available in print to any
stockholder who requests it.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Corporate Governance Guidelines.</FONT></I><FONT face=sans-serif size=2>
The Board of Directors has adopted written Corporate Governance Guidelines in
accordance with the New York Stock Exchange listing requirements. A copy of the
Company&#146;s Corporate Governance Guidelines is available through the Investor
Relations/ Corporate Governance/Highlights/Governance Documents section of the
Company&#146;s website located at <U>www.kimcorealty.com</U> and is available in
print to any stockholder who requests it.</FONT></P>
<P align=center><FONT face=sans-serif size=2>37</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Documents Incorporated by Reference.</FONT></I><FONT face=sans-serif size=2> This Proxy Statement incorporates documents by reference which are not
presented herein or delivered herewith. These documents (except for certain
exhibits to such documents, unless such exhibits are specifically incorporated
herein) are available upon request without charge. Requests may be oral or
written and should be directed to the attention of the Secretary of the Company
at the principal executive offices of the Company. In addition, within the
Investor Relations section of the Company&#146;s website located at
<U>www.kimcorealty.com</U>, you can obtain, free of charge, a copy of the
Company&#146;s annual report on Form 10-K, quarterly reports on Form 10-Q, current
reports on Form 8-K, and amendments to those reports filed or furnished pursuant
to Section 13(a) or 15(d) of the Exchange Act of 1934, as amended, as soon as
reasonably practicable after we file such material electronically with, or
furnish it to, the SEC.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=sans-serif size=2>All
documents filed by the Company pursuant to Section 13(a), 13(c), 14 or 15(d) of
the Exchange Act subsequent to the date hereof and prior to the date of the
Meeting shall be deemed incorporated by reference into this Proxy Statement and
shall be deemed a part hereof from the date of filing of such documents. Any
statement contained in a document incorporated by reference herein shall be
deemed to be modified or superseded for purposes of this Proxy Statement to the
extent that a statement contained herein (or subsequently filed document which
is also incorporated by reference herein) modifies or supersedes such statement.
Any statement so modified or superseded shall not be deemed to constitute a part
of this Proxy Statement, except as so modified or superseded.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=sans-serif size=2>Other Business.</FONT></I><FONT face=sans-serif size=2> All shares
represented by the accompanying proxy will be voted in accordance with the
proxy. The Company knows of no other business which will come before the Meeting
for action. However, as to any such business, the persons designated as proxies
will have authority to act in their discretion.</FONT></P>
<P align=center><FONT face=sans-serif size=2>38</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<DIV style="PADDING-RIGHT: 0.5in; PADDING-LEFT: 0.5in; WIDTH: 100%; HEIGHT: 40%">
<TABLE style="FONT-SIZE: 10pt; FLOAT: left; FONT-FAMILY: sans-serif; TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 width="20%" border=0>

  <TR>
    <TD width="100%"><IMG src="proxyx1x1.jpg" border=0></TD></TR>
  <TR>
    <TD noWrap width="100%"><B><I>3333 NEW HYDE PARK ROAD<BR>STE 100<BR>NEW
      HYDE PARK, NY 11042</I></B></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 8pt; FLOAT: right; FONT-FAMILY: sans-serif; BORDER-COLLAPSE: collapse; TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 width="45%" border=0>

  <TR vAlign=bottom>
    <TD width="100%"><B>VOTE BY INTERNET - <U>www.proxyvote.com</U></B></TD></TR>
  <TR vAlign=bottom>
    <TD width="100%">Use the Internet to transmit your voting instructions and
      for electronic delivery of information up until 11:59 P.M. Eastern Time on
      5/11/09. Have your proxy card in hand when you access the web site and
      follow the instructions to obtain your records and to create an electronic
      voting instruction form.</TD></TR>
  <TR>
    <TD width="100%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap width="100%"><B>ELECTRONIC DELIVERY OF FUTURE PROXY
      MATERIALS</B></TD></TR>
  <TR vAlign=bottom>
    <TD width="100%">If you would like to reduce the costs incurred by our
      company in mailing proxy materials, you can consent to receiving all
      future proxy statements, proxy cards and annual reports electronically via
      e-mail or the Internet. To sign up for electronic delivery, please follow
      the instructions above to vote using the Internet and, when prompted,
      indicate that you agree to receive or access proxy materials
      electronically in future years.</TD></TR>
  <TR>
    <TD width="100%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD width="100%"><B>VOTE BY PHONE - 1-800-690-6903</B></TD></TR>
  <TR vAlign=bottom>
    <TD width="100%">Use any touch-tone telephone to transmit your voting
      instructions up until 11:59 P.M. Eastern Time on 5/11/09. Have your proxy
      card in hand when you call and then follow the instructions.</TD></TR>
  <TR>
    <TD width="100%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD width="100%"><B>VOTE BY MAIL</B></TD></TR>
  <TR vAlign=bottom>
    <TD width="100%">Mark, sign and date your proxy card and return it in the
      postage-paid envelope we have provided or return it to Vote Processing,
      c/o Broadridge, 51 Mercedes Way, Edgewood, NY
11717.</TD></TR></TABLE></DIV><BR clear=all>&nbsp;
<TABLE style="FONT-SIZE: 8pt; FONT-FAMILY: sans-serif; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt dashed" noWrap align=left width="71%">TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK AS FOLLOWS:</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt dashed" noWrap align=left width="1%">M11412</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt dashed" noWrap align=left width="1%"><DIV style="WIDTH: 30pt"></DIV></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt dashed" noWrap align=right width="26%">KEEP THIS PORTION FOR YOUR RECORDS</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="73%" colSpan=3>&nbsp;</TD>
    <TD noWrap align=right width="26%">DETACH AND RETURN THIS PORTION
  ONLY</TD></TR>
  <TR>
    <TD style="FONT-SIZE: 8pt; FONT-FAMILY: sans-serif" noWrap align=center width="99%" colSpan=4><B>THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND
      DATED.</B></TD></TR></TABLE>
<DIV style="BORDER-RIGHT: #000000 2.25pt solid; PADDING-RIGHT: 4pt; BORDER-TOP: #000000 2.25pt solid; PADDING-LEFT: 4pt; FONT-SIZE: 8pt; PADDING-BOTTOM: 4pt; BORDER-LEFT: #000000 2.25pt solid; WIDTH: 100%; PADDING-TOP: 4pt; BORDER-BOTTOM: #000000 2.25pt solid; FONT-FAMILY: sans-serif; TEXT-ALIGN: justify">
<TABLE style="FONT-SIZE: 8pt; FLOAT: left; FONT-FAMILY: sans-serif; BORDER-COLLAPSE: collapse; TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 width="49%" border=0>

  <TR vAlign=bottom>
    <TD noWrap width="100%" colSpan=7><B>KIMCO REALTY CORPORATION</B></TD></TR>
  <TR>
    <TD vAlign=top width="1%">&nbsp;</TD>
    <TD width="99%" colSpan=6></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="89%" colSpan=5><B>The Board Recommends a vote "For"
      elections of the following nominees</B></TD>
    <TD vAlign=top width="10%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="1%"></TD>
    <TD vAlign=top width="89%" colSpan=5>&nbsp;</TD>
    <TD vAlign=top width="10%"></TD></TR>
  <TR>
    <TD vAlign=top width="1%"></TD>
    <TD vAlign=top width="89%" colSpan=5><STRONG><U>DIRECTORS</U></STRONG></TD>
    <TD vAlign=top width="10%"></TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=top noWrap width="1%"></TD>
    <TD vAlign=top noWrap width="2%">1-&nbsp;&nbsp; </TD>
    <TD vAlign=top noWrap width="97%" colSpan=5>DIRECTORS RECOMMEND: A VOTE
      <STRONG>FOR</STRONG> <BR>ELECTION OF THE FOLLOWING NOMINEES</TD></TR>
  <TR>
    <TD vAlign=top noWrap width="1%"></TD>
    <TD noWrap width="2%"></TD>
    <TD noWrap width="97%" colSpan=5>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=left width="1%">01 -&nbsp; </TD>
    <TD noWrap width="42%">M. Cooper</TD>
    <TD noWrap width="1%">05 -&nbsp; </TD>
    <TD noWrap width="43%">F. P. Hughes</TD>
    <TD noWrap width="10%"></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=left width="1%">02 -&nbsp; </TD>
    <TD noWrap width="42%">R. Dooley</TD>
    <TD noWrap width="1%">06 -&nbsp; </TD>
    <TD noWrap width="43%">F. Lourenso</TD>
    <TD noWrap width="10%"></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=left width="1%">03 -&nbsp; </TD>
    <TD noWrap width="42%">J. Grills</TD>
    <TD noWrap width="1%">07 -&nbsp; </TD>
    <TD noWrap width="43%">R. Saltzman</TD>
    <TD noWrap width="10%"></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=left width="1%">04 -&nbsp; </TD>
    <TD noWrap width="42%">D. Henry</TD>
    <TD noWrap width="1%">08 -&nbsp; </TD>
    <TD noWrap width="43%">P. Coviello</TD>
    <TD noWrap width="10%"></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 8pt; FLOAT: right; WIDTH: 49%; FONT-FAMILY: sans-serif; BORDER-COLLAPSE: collapse; TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR style="FONT-SIZE: 6pt" vAlign=bottom>
    <TD vAlign=top noWrap align=center width="1%">&nbsp;</TD>
    <TD vAlign=top noWrap align=center width="1%"></TD>
    <TD vAlign=top noWrap align=center width="1%"></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top width="75%"></TD>
    <TD vAlign=top width="17%">&nbsp;</TD>
    <TD vAlign=top width="1%"></TD>
    <TD vAlign=top width="2%"></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=center width="1%">&nbsp;</TD>
    <TD vAlign=top noWrap align=center width="1%"></TD>
    <TD vAlign=top noWrap align=center width="1%"></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top width="75%"></TD>
    <TD style="BORDER-RIGHT: #000000 2.25pt solid; BORDER-TOP: #000000 2.25pt solid" vAlign=top width="17%"></TD>
    <TD vAlign=top width="1%"></TD>
    <TD vAlign=top width="2%"></TD></TR>
  <TR vAlign=bottom>
    <TD style="PADDING-RIGHT: 4pt; PADDING-LEFT: 0pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" vAlign=top noWrap align=center width="1%" rowSpan=2><B>For<BR>All</B></TD>
    <TD style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" vAlign=top noWrap align=center width="1%" rowSpan=2><B>Withhold<BR>All</B></TD>
    <TD style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt; PADDING-BOTTOM: 0pt; PADDING-TOP: 0pt" vAlign=top noWrap align=center width="1%" rowSpan=2><B>For
      All<BR>Except</B></TD>
    <TD vAlign=top noWrap align=left width="1%" rowSpan=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top width="75%" rowSpan=2>To withhold authority to vote for any
      individual nominee(s), mark &#147;For All Except&#148; and write the number(s) of
      the nominee(s) on the line below.<BR>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 2.25pt solid" vAlign=top noWrap width="17%">
      <DIV style="WIDTH: 20pt"></DIV></TD>
    <TD vAlign=top noWrap width="1%" rowSpan=2>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top noWrap width="2%" rowSpan=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </TD></TR>
  <TR>
    <TD vAlign=top noWrap width="17%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD vAlign=bottom align=center width="1%"><FONT style="LINE-HEIGHT: 9pt" face=WINGDINGS size=2>o</FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT style="LINE-HEIGHT: 9pt" face=WINGDINGS size=2>o<FONT face=Arial size=1></FONT></FONT></TD>
    <TD vAlign=bottom align=center width="1%"><FONT style="LINE-HEIGHT: 9pt" face=WINGDINGS size=2>o<FONT face=Arial size=1></FONT></FONT></TD>
    <TD align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="92%" colSpan=2>
      <P>&nbsp;</P></TD>
    <TD align=left width="1%"></TD>
    <TD align=left width="2%"></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 8pt; FONT-FAMILY: sans-serif; BORDER-COLLAPSE: collapse; TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD noWrap width="1%"></TD>
    <TD width="87%" colSpan=2></TD>
    <TD noWrap width="6%"></TD>
    <TD noWrap width="3%"></TD>
    <TD noWrap align=center width="3%" colSpan=3><STRONG><U>The Board
      Recommends</U></STRONG></TD></TR>
  <TR>
    <TD noWrap width="1%"></TD>
    <TD width="87%" colSpan=2></TD>
    <TD noWrap width="6%"></TD>
    <TD noWrap width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD></TR>
  <TR>
    <TD noWrap width="1%"></TD>
    <TD width="87%" colSpan=2></TD>
    <TD noWrap width="6%"></TD>
    <TD noWrap width="3%"></TD>
    <TD noWrap align=center width="1%"><FONT face=Wingdings size=1>&#234;</FONT></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD></TR>
  <TR>
    <TD noWrap width="1%"></TD>
    <TD width="87%" colSpan=2></TD>
    <TD noWrap width="6%"></TD>
    <TD noWrap width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD width="87%" colSpan=2><B><U>PROPOSAL(S)</U></B></TD>
    <TD noWrap width="6%"></TD>
    <TD noWrap width="3%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt" noWrap align=center width="1%"><B>For</B></TD>
    <TD style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt" noWrap align=center width="1%"><B>Against</B></TD>
    <TD style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt" noWrap align=center width="1%"><B>Abstain</B></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD width="99%" colSpan=7>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap width="1%">&nbsp;</TD>
    <TD vAlign=top noWrap width="1%">2-&nbsp;&nbsp; </TD>
    <TD vAlign=top width="86%">DIRECTORS RECOMMEND: A VOTE
      <STRONG>FOR</STRONG> THE RATIFICATION OF THE APPOINTMENT OF
      PRICEWATERHOUSECOOPERS LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC
      ACCOUNTING FIRM FOR 2009.</TD>
    <TD vAlign=top noWrap width="6%">&nbsp;</TD>
    <TD vAlign=top noWrap width="3%"></TD>
    <TD vAlign=top noWrap align=center width="1%"><FONT face=WINGDINGS size=2>o</FONT></TD>
    <TD vAlign=top noWrap align=center width="1%"><FONT face=WINGDINGS size=2>o</FONT></TD>
    <TD vAlign=top noWrap align=center width="1%"><FONT face=WINGDINGS size=2>o</FONT></TD></TR>
  <TR>
    <TD noWrap width="1%"></TD>
    <TD vAlign=top noWrap width="1%"></TD>
    <TD vAlign=top width="86%">&nbsp;</TD>
    <TD noWrap width="6%"></TD>
    <TD noWrap width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD></TR>
  <TR>
    <TD noWrap width="1%"></TD>
    <TD vAlign=top noWrap width="1%">3-&nbsp;&nbsp; </TD>
    <TD vAlign=top width="86%">TO VOTE AND OTHERWISE REPRESENT THE UNDERSIGNED
      ON ANY OTHER MATTER THAT MAY PROPERLY COME BEFORE THE MEETING OR ANY
      ADJOURNMENT OR POSTPONEMENT THEREOF.</TD>
    <TD noWrap width="6%"></TD>
    <TD noWrap width="3%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD width="99%" colSpan=7>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD width="1%"></TD>
    <TD width="87%" colSpan=2><B></B></TD>
    <TD noWrap width="6%"></TD>
    <TD noWrap width="3%">&nbsp;</TD>
    <TD noWrap width="1%">&nbsp;</TD>
    <TD noWrap width="1%">&nbsp;</TD>
    <TD noWrap width="1%">&nbsp;</TD></TR></TABLE>
<TABLE style="FONT-SIZE: 8pt; FONT-FAMILY: sans-serif; BORDER-COLLAPSE: collapse; TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD noWrap align=left width="49%" colSpan=5>&nbsp;</TD>
    <TD noWrap align=left width="50%"></TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD align=JUSTIFY width="43%" colSpan=3>For address changes and/or
      comments, please check this box and write them on the back where
    indicated.</TD>
    <TD vAlign=top noWrap align=center width="5%"><FONT face=Wingdings size=2>o</FONT></TD>
    <TD noWrap align=left width="50%">&nbsp;</TD></TR>
  <TR>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="34%">&nbsp;</TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="5%">&nbsp;</TD>
    <TD noWrap align=left width="50%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=left width="34%">&nbsp;</TD>
    <TD style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt" noWrap align=center width="5%"><B>Yes</B></TD>
    <TD style="PADDING-RIGHT: 4pt; PADDING-LEFT: 4pt" noWrap align=center width="4%"><B>No</B></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=left width="50%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"></TD>
    <TD align=justify width="34%">Please indicate if you plan to attend this
      meeting.</TD>
    <TD noWrap align=center width="5%"><FONT style="LINE-HEIGHT: 9pt" face=WINGDINGS size=2>o</FONT></TD>
    <TD noWrap align=center width="4%"><FONT style="LINE-HEIGHT: 9pt" face=WINGDINGS size=2>o</FONT></TD>
    <TD noWrap align=center width="5%"></TD>
    <TD noWrap align=left width="50%"></TD></TR></TABLE>
<TABLE style="FONT-SIZE: 8pt; FONT-FAMILY: sans-serif; BORDER-COLLAPSE: collapse; TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD width="1%"></TD>
    <TD width="48%" colSpan=3>&nbsp;</TD>
    <TD noWrap width="1%"></TD>
    <TD width="49%" colSpan=3></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD width="48%" colSpan=3>&nbsp; </TD>
    <TD noWrap width="1%"></TD>
    <TD width="49%" colSpan=3></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD width="48%" colSpan=3>Please sign exactly as name appears on the
      records of the company and date. If the shares are held jointly, each
      holder should sign. When signing as an attorney, executor, administrator,
      trustee, guardian, officer of a corporation or other entity or in another
      capacity, please give the full title under signature(s).</TD>
    <TD noWrap width="1%"></TD>
    <TD width="49%" colSpan=3></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD width="48%" colSpan=3>&nbsp;</TD>
    <TD noWrap width="1%"></TD>
    <TD width="49%" colSpan=3></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD width="48%" colSpan=3>&nbsp;&nbsp;</TD>
    <TD noWrap width="1%"></TD>
    <TD width="49%" colSpan=3></TD></TR>
  <TR style="HEIGHT: 20pt">
    <TD width="1%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; PADDING-LEFT: 2.5in; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1.25pt solid" width="1%"><BR></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; PADDING-LEFT: 0.5in; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1.25pt solid" width="1%"></TD>
    <TD width="46%">&nbsp;</TD>
    <TD style="PADDING-LEFT: 2%" noWrap width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; PADDING-LEFT: 2.5in; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1.25pt solid" width="1%"></TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; PADDING-LEFT: 0.5in; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1.25pt solid" width="1%"></TD>
    <TD width="47%">&nbsp;</TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD width="1%">Signature [PLEASE SIGN WITHIN BOX]</TD>
    <TD width="1%">Date</TD>
    <TD width="46%"></TD>
    <TD noWrap width="1%"></TD>
    <TD width="1%">Signature (Joint Owners)</TD>
    <TD width="1%">Date</TD>
    <TD width="47%"></TD></TR></TABLE></DIV><BR>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P>&nbsp;</P>
<P>&nbsp;</P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=5 width="70%" border=0>

  <TR>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=center width="100%">
      <P align=center><B><FONT face=sans-serif size=2>ADMISSION
      TICKET</FONT></B></P>
      <P align=center><FONT face=sans-serif size=2>For security purposes, please
      bring this ticket and a valid picture identification <BR>with you if you
      are attending the meeting.</FONT></P></TD></TR></TABLE></DIV>
<P align=justify><B><FONT face=sans-serif size=2></FONT></B>&nbsp;</P>
<P align=justify><B><FONT face=sans-serif size=2></FONT></B>&nbsp;</P>
<P align=justify><B><FONT face=sans-serif size=2></FONT></B>&nbsp;</P>
<P align=center><B><FONT face=sans-serif size=2>Important Notice Regarding the
Availability of Proxy Materials for the Annual Meeting:<BR></FONT></B><FONT face=sans-serif size=2>The Notice and Proxy Statement and Annual Report are
available at www.proxyvote.com.</FONT></P>
<P align=justify><FONT face=Arial size=2></FONT>&nbsp;</P>
<P align=justify><FONT face=Arial size=2></FONT>&nbsp;</P>
<TABLE style="LINE-HEIGHT: 10pt; BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD style="BORDER-TOP: #000000 1pt dashed" align=right width="100%">
      <P style="PADDING-RIGHT: 15pt" align=right><FONT face=sans-serif size=1>M11413</FONT></P></TD></TR>
  <TR>
    <TD align=right width="100%"><FONT face=sans-serif size=1>&nbsp;</FONT></TD></TR></TABLE>
<DIV style="BORDER-RIGHT: #000000 2.25pt solid; PADDING-RIGHT: 15pt; BORDER-TOP: #000000 2.25pt solid; PADDING-LEFT: 15pt; FONT-SIZE: 8pt; PADDING-BOTTOM: 15pt; BORDER-LEFT: #000000 2.25pt solid; WIDTH: 100%; PADDING-TOP: 15pt; BORDER-BOTTOM: #000000 2.25pt solid; FONT-FAMILY: serif; TEXT-ALIGN: justify">
<P align=center><B><FONT face=sans-serif size=2><FONT face=sans-serif size=3>KIMCO REALTY CORPORATION</FONT></FONT></B></P>
<P align=center><B><FONT face=sans-serif size=2>PROXY</FONT></B></P>
<P align=center><B><FONT face=sans-serif size=2>This Proxy is Solicited on
Behalf of the Board of Directors of Kimco Realty Corporation</FONT></B></P>
<P align=justify><FONT face=sans-serif size=2>The undersigned stockholder of
Kimco Realty Corporation, a Maryland corporation, hereby appoints Milton Cooper
and Bruce Rubenstein, or either of them as Proxies, each with the power to
appoint his substitute, and hereby authorizes them to represent the undersigned
with all powers possessed by the undersigned if personally at the meeting, and
to vote all of the shares of Common Stock of Kimco Realty Corporation held of
record by the undersigned at the close of business on March 18, 2009, at the
Annual Meeting of Stockholders to be held on May 12, 2009, at 10:00 a.m. local
time or any adjournment(s) or postponement(s) thereof. The undersigned hereby
acknowledges receipt of the Notice of the Annual Meeting of Stockholders and the
accompanying Proxy Statement, the terms of which are incorporated by reference
into this Proxy.</FONT></P>
<P align=justify><FONT face=sans-serif size=2>The Board of Directors recommends
a vote (1)</FONT> <B><FONT face=sans-serif size=2>FOR</FONT></B> <FONT face=sans-serif size=2>all of the nominees for director, (2)</FONT> <B><FONT face=sans-serif size=2>FOR</FONT></B> <FONT face=sans-serif size=2>the proposal
to ratify the appointment of PricewaterhouseCoopers LLP as the Company's
independent registered public accounting firm for 2009.</FONT></P>
<P align=justify><FONT face=sans-serif size=2>This proxy, when properly
executed, will be voted in the manner directed herein by the undersigned
stockholder and in the discretion of the Proxies upon such other business as may
properly come before the meeting.</FONT> <B><FONT face=sans-serif size=2>If
properly executed, but no direction is made, this proxy will be voted FOR the
election of all nominees for director, FOR ratification of the appointment of
PricewaterhouseCoopers LLP as the Company's independent registered public
accounting firm for 2009 and in the discretion of the Proxies upon such other
business as may properly come before the Meeting or any adjournment or
postponement thereof. By executing this proxy, the undersigned hereby revokes
all prior proxies.</FONT></B></P>
<CENTER>
<DIV style="BORDER-RIGHT: #000000 1pt solid; PADDING-RIGHT: 4pt; BORDER-TOP: #000000 1pt solid; PADDING-LEFT: 4pt; PADDING-BOTTOM: 4pt; BORDER-LEFT: #000000 1pt solid; WIDTH: 90%; PADDING-TOP: 4pt; BORDER-BOTTOM: #000000 1pt solid">
<TABLE style="FONT-SIZE: 8pt; FONT-FAMILY: sans-serif; TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD noWrap width="1%"><B>Address Changes/Comments:&nbsp;</B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" width="99%">&nbsp;</TD></TR>
  <TR>
    <TD style="BORDER-BOTTOM: #000000 1pt solid; HEIGHT: 14pt" width="100%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD width="100%" colSpan=2>&nbsp;</TD></TR></TABLE></DIV><FONT face=sans-serif size=1>(If you noted any Address Changes/Comments above, please
mark corresponding box on the reverse side.)</FONT></CENTER>
<P align=center><B><FONT face=sans-serif size=2>CONTINUED AND TO BE SIGNED ON
REVERSE SIDE</FONT></B></P></DIV><BR>
<HR align=center width="100%" noShade SIZE=2>

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</SUBMISSION>
