Elme Communities — Director's Dealing 2012

Jan 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WASHINGTON REAL ESTATE INVESTMENT TRUST (WRE)
CIK: 0000104894
Period of Report: 2011-12-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-30	Common Stock	A	1410	—	Acquired	11362.8504	Direct
2011-12-30	Common Stock	A	3269	—	Acquired	14631.8504	Direct
2011-12-30	Common Stock	F	1781	$27.35	Disposed	12850.8504	Direct
2011-12-30	Common Stock	M	5100	—	Acquired	17950.8504	Direct
2012-01-03	Common Stock	F	159	$27.78	Disposed	17791.8504	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-30	Restricted Stock Unit	$0	M	5100	Disposed	2011-12-30	Common Stock (5100)	Direct

Footnotes

F1: Restricted Share Award that vests ratably over 3 years on 12/31/12, 12/31/13 and 12/31/14.

F2: one for one