EPR PROPERTIES — Director's Dealing 2012

Feb 6, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ENTERTAINMENT PROPERTIES TRUST (EPR)
CIK: 0001045450
Period of Report: 2012-02-02

Reporting Person: Brain David M. (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-02	Common Shares of Beneficial Interest	J	0	—	Acquired	1628	Indirect
2012-02-02	Common Shares of Beneficial Interest	A	14350	$45.2	Acquired	456506	Direct
2012-02-02	Common Shares of Beneficial Interest	A	29597	$45.2	Acquired	486103	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-02	Option to Purchase Common Shares of Beneficial Interest	$45.2	A	36193	Acquired	2022-01-01	Common Shares of Beneficial Interest (36193)	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, 2013.

F3: 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, 2013.

F4: Options vest and become exercisable in four annual installments beginning January 1, 2013.