EPR PROPERTIES — Director's Dealing 2013

May 14, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPR PROPERTIES (EPR)
CIK: 0001045450
Period of Report: 2013-05-11

Reporting Person: DRUTEN ROBERT J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-11	Common Shares of Beneficial Interest	M	680	—	Acquired	18419	Direct
2013-05-12	Common Shares of Beneficial Interest	M	722	—	Acquired	19141	Direct
2013-05-13	Common Shares of Beneficial Interest	J	0	—	Acquired	3000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-11	Restricted Share Units	$47.77	D	722	Disposed		Common Shares of Beneficial Interest (722)	Direct
2013-05-12	Restricted Share Units	$44.62	D	680	Disposed		Common Shares of Beneficial Interest (680)	Direct
2013-05-13	Option to Purchase Common Shares of Beneficial Interest	$	J	0	Acquired		Common Shares of Beneficial Interest ()	Direct

Footnotes

F1: Represents the vesting of a portion of the Restricted Share Units issued on 5/11/2011, which vesting constitute an exercise or conversion of a derivative security exempt under Rules 16b-3 and 16b-6(b).

F2: Represents the vesting of a portion of the Restricted Share Units issued on 5/12/2010, which vesting constitute an exercise or conversion of a derivative security exempt under Rules 16b-3 and 16b-6(b).

F3: These shares have already been reported and do not reflect any change.