BRANDYWINE REALTY TRUST — Director's Dealing 2012

Oct 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BRANDYWINE REALTY TRUST (BDN)
CIK: 0000790816
Period of Report: 2012-10-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-10-04	Common Shares of Beneficial Interest	M	5000	$11.31	Acquired	340988	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-10-04	Employee Stock Option (Right to Buy)	$11.31	M	5000	Disposed	2020-03-04	Common Shares (5000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Series D Cumulative Redeemable Preferred Shares	11200	Direct

Footnotes

F1: This filing also reports in the ending balance of shares owned 1,245.02 additional common shares acquired under the Company's Employee Share Purchase Plan (ESPP). These shares were purchased following the Reporting Person's last Section 16 filing. Under the ESPP these shares were acquired on September 4, 2012 at a transaction price of $10.04 per share.

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