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: DERRICK JOHN M JR (Trustee)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-07	Common Stock	M	2000	$29.55	Acquired	15497	Direct
2006-12-07	Common Stock	M	2000	$24.85	Acquired	17497	Direct
2006-12-07	Common Stock	M	2000	$25.61	Acquired	19497	Direct
2006-12-07	Common Stock	M	2000	$33.09	Acquired	21497	Direct
2006-12-08	Common Stock	S	5000	$40.59	Disposed	16497	Direct
2006-12-11	Common Stock	S	3000	$40.57	Disposed	13497	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-07	Non-Qualified Stock Option (right to buy)	$24.85	M	2000	Disposed	2011-12-17	Common Stock (2000)	Direct
2006-12-07	Non-Qualified Stock Option (right to buy)	$25.61	M	2000	Disposed	2012-12-16	Common Stock (2000)	Direct
2006-12-07	Non-Qualified Stock Option (right to buy)	$29.55	M	2000	Disposed	2013-12-16	Common Stock (2000)	Direct
2006-12-07	Non-Qualified Stock Option (right to buy)	$33.09	M	2000	Disposed	2014-12-13	Common Stock (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1542	Indirect