BRANDYWINE REALTY TRUST — Director's Dealing 2011

Jun 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BRANDYWINE REALTY TRUST (BDN)
CIK: 0000790816
Period of Report: 2011-06-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-28	Common Shares of Beneficial Interest	M	51046	$2.91	Acquired	221111	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-28	Employee Stock Option (Right to Buy)	$2.91	M	51046	Disposed	2019-04-01	Common Shares (76569)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series C Cumulative Redeemable Preferred Shares	5000	Direct
Series D Cumulative Redeemable Preferred Shares	11200	Direct

Footnotes

F1: This filing also reports 519.75 additional common shares acquired on June 8,2011, under the Company's Employee Share Purchase Plan (ESPP). The shares were purchased following the Reporting Person's last Section 16 filing and were executed at a transaction price of $10.29 per share. The ESPP provides for the purchase of fractional shares, the number reported is rounded to the nearest whole number.

F2: There was no Series C transaction on the above date. The Series C ownership is being disclosed for informational purposes only.

F3: There was no Series D transaction on the above date. The Series D ownership is being disclosed for informational purposes only.