EPR PROPERTIES — Director's Dealing 2010

Feb 19, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENTERTAINMENT PROPERTIES TRUST (epr)
CIK: 0001045450
Period of Report: 2010-02-17

Reporting Person: EARNEST MORGAN G II (Chief Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-17	Common Shares of Beneficial Interest	A	5255	—	Acquired	11502	Direct
2010-02-17	Common Shares of Beneficial Interest	A	6156	—	Acquired	17658	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-17	Option to Purchase Common Shares of Beneficial Interest	$36.56	A	1180	Acquired	2020-01-01	Common Shares of Beneficial Interest (1180)	Direct

Footnotes

F1: At the election of the Reporting Person, the Common Shares of Beneficial Interest were issued in lieu of a cash bonus and vest in three annual installments beginning January 1, 2011.

F2: The Common Shares of Beneficial Interest were granted to the Reporting Person as long-term compensation and vest in four annual installments, beginning January 1, 2011.

F3: Options vest and become exercisable in four annual installments beginning January 1, 2011.