BRANDYWINE REALTY TRUST — Director's Dealing 2010

Jan 20, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BRANDYWINE REALTY TRUST (BDN)
CIK: 0000790816
Period of Report: 2010-01-15

Reporting Person: SIPZNER HOWARD (Executive Vice President & CFO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	157137	Direct
Series C Cumulative Redeemable Preferred Shares	5000	Direct
Series D Cumulative Redeemable Preferred Shares	11200	Direct

Footnotes

F1: This Form 4 is being filed to solely and voluntarily report the acquisition of 8,619 shares: 185 common shares acquired under the Brandywine Realty Trust Dividend Reinvestment Plan (Company DRIP); 5,008 common shares acquired under the Company's Employee Share Purchase Plan (ESPP); 2,704 common shares acquired under a broker-administered dividend reinvestment plan (Broker Common DRIP) with terms similar to the Company DRIP; and 722 Series D Cumulative Redeemable Preferred Shares acquired under a broker-administered dividend reinvestment plan (Broker D DRIP) with terms similar to the Company DRIP. The shares were purchased following the Reporting Person's last Section 16 filing. The Company DRIP, the Broker Common DRIP, the Broker D DRIP and the ESPP provide for the purchase of fractional shares. The number reported which is included in the final balance of shares owned is the nearest whole number. The details of these acquisitions are reflected in footnotes 2, 3 and 5 herein.

F2: The Company DRIP shares were executed at the following prices and amounts: 39.911081 shares acquired on April 17, 2009, at a transaction price of $4.7909 per share; 78.438545 shares acquired on July 17, 2009, at a transaction price of $7.2996 per share; and 65.991163 shares acquired on October 19, 2009, at a transaction price of $10.3429 per share. The ESPP shares were executed at the following prices and amounts: 3,773.62963 shares acquired on June 9, 2009, at a transaction price of $4.05 per share; 1,021.310541 shares acquired on September 2, 2009, at a transaction price of $7.02 per share; and 213.332577 shares acquired on December 7, 2009, at a transaction price of $8.81 per share.

F3: The Broker Common DRIP shares were executed at the following prices and amounts: 1,498.893 shares acquired on April 20, 2009, at a transaction price of $4.85 per share; 129.7845 shares acquired on April 20, 2009, at a transaction price of $4.78 per share; 990.63 shares acquired on July 20, 2009, at a transaction price of $7.49 per share; and 84.695 shares acquired on July 20, 2009, at a transaction price of $7.48 per share.

F4: There was no Series C activity on the above date. The Series C ownership is being disclosed for informational purposes only.

F5: There was no Series D activity on the above date other than to report in the ending balance of shares owned the Series D shares acquired under the Broker D DRIP. The Broker D DRIP shares were executed at the following prices and amounts: 181.661 shares acquired on April 16, 2009, at a transaction price of $11.20 per share; 249.742 shares acquired on April 16, 2009, at a transaction price of $11.19 per share; 168.189 shares acquired on July 16, 2009, at a transaction price of $17.30 per share; and 122.472 shares acquired on July 16, 2009, at a transaction price of $17.30 per share.