X0303 4 2009-05-20 0 0001121783 AMERICAN SPECTRUM REALTY INC AQQ 0001167472 GALARDI JOHN N 7700 IRVINE CENTER SUITE 550 IRVINE CA 92618 1 0 1 0 Common Stock 2009-05-20 4 P 0 158 20.99 A 93665 D Common Stock 2009-05-21 4 P 0 158 20.99 A 93823 D Common Stock 203417 I Family Trusts Preferred Stock, Series A 55172 D Common Stock 775 D Common Stock 129618 I By CGS Real Estate Company, Inc. Common Stock 12578 I By Meadow Wood Village, Ltd. Common Stock 24573 I By No.-So., Inc. The shares reported as owned exceed the undersigned's pecuniary interest in the shares held by these entities. The shares reported are owned indirectly by Family Trusts in which Mr. Galardi is trustee. Represents shares owned jointly by John N. Galardi, William J. Carden and Timothy R. Brown as Tenants in Common. John N. Galardi 2009-05-22