EPR PROPERTIES — Director's Dealing 2013

May 18, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPR PROPERTIES (EPR)
CIK: 0001045450
Period of Report: 2013-05-15

Reporting Person: DRUTEN ROBERT J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-15	Common Shares of Beneficial Interest	J	0	—	Acquired	19141	Direct
2013-05-15	Common Shares of Beneficial Interest	J	0	—	Acquired	3000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-15	Restricted Share Units	$	A	2175	Acquired		Common Shares of Beneficial Interest (2175)	Direct
2013-05-15	Restricted Share Units	$	A	1359	Acquired		Common Shares of Beneficial Interest (1359)	Direct
2013-05-15	Option to Purchase Common Shares of Beneficial Interest	$	J	0	Acquired		Common Shares of Beneficial Interest (0)	Direct

Footnotes

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

F2: Restricted Share Units wee issued to Reporting Person in lieu of the Reporting Person's Annual Trustee Retainer Fee. Each Restricted Share Unit represents a contingent right to receive one common share of beneficial interest.

F3: 34% of shares vest and are payable on 5/15/2014; 33% of shares vest and are payable on 5/15/2015; 33% of shares vest and are payable on 5/15/2016.

F4: Restricted Share Units were issued to the Reporting Person pursuant to Company's Equity Incentive Plan. Each Restricted Share Unit represents a contingent right to receive one common share of beneficial interest.