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: MCKENZIE GEORGE F (Director, President, CEO & Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-30	Common Stock	M	26400	—	Acquired	150681.1711	Direct
2011-12-30	Common Stock	A	2742	—	Acquired	153423.1711	Direct
2011-12-30	Common Stock	A	16967	—	Acquired	170390.1711	Direct
2011-12-30	Common Stock	F	9280	$27.35	Disposed	161110.1711	Direct
2012-01-03	Common Stock	F	293	$27.78	Disposed	160817.1711	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-30	Restricted Stock Unit	$0	M	26400	Disposed	2011-12-30	Common Stock (26400)	Direct
2011-12-30	Restricted Stock Unit	$0	A	1461	Acquired	2014-12-30	Common Stock (1461)	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

F3: These are Restricted Share Units granted for 2011 pursuant to the Washington Real Estate Investment Trust 2007 Deferred Compensation for Officers Plan - the number of shares awarded is based on the closing price on 12/30/11 of $27.35