EPR PROPERTIES — Director's Dealing 2011

Mar 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENTERTAINMENT PROPERTIES TRUST (EPR)
CIK: 0001045450
Period of Report: 2011-03-03

Reporting Person: Peterson Mark Alan (VP and Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-03	Common Shares of Beneficial Interest	M	4000	$33.58	Acquired	41160	Indirect
2011-03-03	Common Shares of Beneficial Interest	M	16950	$18.18	Acquired	58110	Indirect
2011-03-03	Common Shares of Beneficial Interest	M	14126	—	Disposed	43894	Indirect
2011-03-04	Common Shares of Beneficial Interest	S	15000	$46	Disposed	28984	Indirect
2011-03-04	Common Shares of Beneficial Interest	J	0	—	Acquired	55654	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-03	Option to Purchase Common Shares of Beneficial Interest	$33.58	M	4000	Disposed	2014-06-14	Common Shares of Beneficial Interest (4000)	Direct
2011-03-03	Option to Purchase Common Shares of Beneficial Interest	$18.18	M	16950	Disposed	2019-01-01	Common Shares of Beneficial Interest (16950)	Direct

Footnotes

F1: These shares were assigned to the Company in payment of exercise price and associated taxes.

F2: These shares have already been reported and do not reflect any change.