16.

Common Share Options

In May 2007 the Trust’s shareholders approved the Winthrop Realty Trust 2007 Long Term Incentive Plan (the “2007 Plan”) pursuant to which the Trust can issue options to acquire Common Shares and restricted share awards to its Trustees, directors and consultants. In May 2013 the Trust’s shareholders approved an amendment to the 2007 Plan increasing the number of shares issuable under the plan to 1,000,000. During 2013 the Trust 600,000 Restricted Shares pursuant to the plan amendment. There are 400,000 Common Shares reserved for issuance under the 2007 Plan as of December 31, 2013. No stock options have been issued.

In December 2003 the Board of Trustees granted 20,000 options under a Long Term Incentive Performance Plan to a Trustee who was Interim Chief Executive Officer and Interim Chief Financial Officer. The options had an exercise price of $11.15 and expired on December 16, 2013. The options were exercised on November 11, 2013 and 920 Common Shares were issued. There were no other options granted, cancelled or expired and in March 2005 the plan terminated.