BRANDYWINE REALTY TRUST — Director's Dealing 2012

Mar 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BRANDYWINE REALTY TRUST (BDN)
CIK: 0000790816
Period of Report: 2012-03-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-01	Common Shares of Beneficial Interest	M	32657	$10.86	Acquired	254605	Direct
2012-03-01	Common Shares of Beneficial Interest	A	20258	—	Acquired	274863	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: Reflects the delivery of common shares under the reporting person's 2009-2011 Restricted Performance Share Unit Award.

F2: Reflects the grant of a restricted share award which cliff vests on April 15, 2015.

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

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