Elme Communities — Director's Dealing 2011

Feb 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2011-02-17

Reporting Person: Cederdahl James Bradley (Managing Dir.- Prop. Mngmt.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-17	Common Stock	A	1213	—	Acquired	13473.7893	Direct
2011-02-17	Common Stock	A	100	—	Acquired	13573.7893	Direct
2011-02-17	Common Stock	F	39	$30.91	Disposed	13534.7893	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-17	Restricted Stock Unit	$	A	3700	Acquired		Common Stock (3700)	Direct
2011-02-17	Restricted Stock Unit	$	A	5100	Acquired		Common Stock (5100)	Direct

Footnotes

F1: Restricted Share Award that vests ratably over 3 years on 1/1/12, 1/1/13 and 1/1/14.

F2: These are additional shares issued with respect to Performance Share Units awarded pursuant to the Washington Real Estate Investment Trust 2007 Omnibus Long-Term Incentive Plan for the 2008-2010 performance period based on final results (and related withholding to cover required tax.)

F3: Performance Stock Units were converted into Restricted Stock Units on February 17, 2011. 100% of the RSU award will vest on December 31, 2012.

F4: Performance Stock Units were converted into Restricted Stock Units on February 17, 2011. 100% of the RSU award will vest on December 31, 2011.