Elme Communities — Director's Dealing 2006

Dec 11, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2006-12-07

Reporting Person: FRANKLIN LAURA M (S.V.P. Accounting)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-07	Common Stock	M	11084	$24.85	Acquired	64528.13	Direct
2006-12-07	Common Stock	M	1500	$25.61	Acquired	66028.13	Direct
2006-12-07	Common Stock	M	4684	$17.59	Acquired	70712.13	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-07	Incentive Stock Option (right to buy)	$17.59	M	4684	Disposed	2008-12-15	Common Stock (4684)	Direct
2006-12-07	Non-Qualified Stock Option (right to buy)	$24.85	M	11084	Disposed	2011-12-17	Common Stock (11084)	Direct
2006-12-07	Non-Qualified Stock Option (right to buy)	$25.61	M	1500	Disposed	2012-12-16	Common Stock (1500)	Direct