BRANDYWINE REALTY TRUST — Director's Dealing 2011

Apr 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BRANDYWINE REALTY TRUST (BDN)
CIK: 0000790816
Period of Report: 2011-04-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-08	Common Shares of Beneficial Interest	F	4572	$11.82	Disposed	208311	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: Shares redeemed to satisfy payroll taxes for performance shares vesting on April 8, 2011.

F2: This filing also reports 338.11 additional common shares acquired on March 7, 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 $9.76 per share. The ESPP provides for the purchase of fractional shares. The number reported is rounded to the nearest whole number.

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

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