EPR PROPERTIES — Director's Dealing 2011

Jan 26, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENTERTAINMENT PROPERTIES TRUST (EPR)
CIK: 0001045450
Period of Report: 2011-01-24

Reporting Person: Peterson Mark Alan (Vice President and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-24	Common Shares of Beneficial Interest	J	0	—	Acquired	37160	Indirect
2011-01-24	Common Shares of Beneficial Interest	A	10074	—	Acquired	55654	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-24	Option to Purchase Common Shares of Beneficial Interest	$	J	0	Acquired		Option to Purchase Common Shares of Beneficial Interest ()	Direct

Footnotes

F1: These shares have already been reported and do not reflect any change.

F2: 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, 2012.