EPR PROPERTIES — Director's Dealing 2011

Jan 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENTERTAINMENT PROPERTIES TRUST (EPR)
CIK: 0001045450
Period of Report: 2011-01-14

Reporting Person: Silvers Gregory K (Vice President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-14	Common Shares of Beneficial Interest	J	0	—	Acquired	20000	Indirect
2011-01-14	Common Shares of Beneficial Interest	A	12822	—	Acquired	172195	Direct
2011-01-14	Option to Purchase Common Shares of Beneficial Interest	A	9410	$45.73	Acquired	126814	Direct

Footnotes

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

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, 2012.

F3: Options vest and become exercisable in four annual installments beginning January 1, 2012.