EPR PROPERTIES — Director's Dealing 2012

May 8, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENTERTAINMENT PROPERTIES TRUST (EPR)
CIK: 0001045450
Period of Report: 2012-05-04

Reporting Person: DRUTEN ROBERT J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-04	Common Shares of Beneficial Interest	M	3333	$22.89	Acquired	9586	Direct
2012-05-04	Common Shares of Beneficial Interest	F	1711	$44.59	Acquired	7875	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-04	Option to Purchase Common Shares of Beneficial Interest	$22.89	M	3333	Disposed	2012-05-15	Common Shares of Beneficial Interest (3333)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares of Beneficial Interest	3000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Share Units	$0		Common Shares of Beneficial Interest (0)	8613	Direct

Footnotes

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