Elme Communities — Director's Dealing 2010

Mar 9, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2010-03-08

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-08	Common Stock	M	2735	$21.344	Acquired	82713.9167	Direct
2010-03-08	Common Stock	S	6400	$29.2709	Disposed	76313.9167	Direct
2010-03-08	Common Stock	M	2000	$24.845	Acquired	78313.9167	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-08	Incentive Stock Option (right to buy)	$21.344	M	2735	Disposed	2010-12-15	Common Stock (2735)	Direct
2010-03-08	Incentive Stock Option (right to buy)	$24.845	M	2000	Disposed	2011-12-17	Common Stock (2000)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $29.2700 to $29.2800. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.