FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SABIN GARY B 		2. Issuer Name and Ticker or Trading Symbol

Excel Trust, Inc. [ EXL ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman of the Board / CEO
(Last)          (First)          (Middle)

17140 BERNARDO CENTER DRIVE, SUITE 300 		3. Date of Earliest Transaction (MM/DD/YYYY)

1/13/2015
(Street)

SAN DIEGO, CA 92128
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

2/11/2015 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   1/13/2015     A    46000   (1) (2) A $0   492054   (3) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Grant of performance-based restricted stock that will vest subject to the Issuer's performance during fiscal 2015.
( 2)  This Amendment to Form 4 is being filed for the purpose of correcting the number of shares of restricted stock granted to the Reporting Person on January 13, 2015, as reported on the Form 4 filed on February 11, 2015. Due to typographical error, the Form 4 filed on February 11, 2015 reflected a grant of 48,000 shares of restricted stock, whereas the actual grant was for 46,000 shares of restricted stock.
( 3)  Reflects the forfeiture of an aggregate of 10,000 shares of performance-based restricted stock originally granted to the Reporting Person on March 18, 2014, which shares were forfeited pursuant to their terms on January 1, 2015 as a result of the Issuer's failure to achieve certain threshold performance levels during fiscal 2014 required for vesting of the shares subject to such restricted stock awards.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SABIN GARY B
17140 BERNARDO CENTER DRIVE
SUITE 300
SAN DIEGO, CA 92128 		X
Chairman of the Board / CEO

Signatures
/s/ S. Eric Ottesen, Attorney-in-Fact for Gary B. Sabin 3/27/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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