EPR PROPERTIES — Director's Dealing 2014

Feb 20, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPR PROPERTIES (EPR)
CIK: 0001045450
Period of Report: 2014-02-18

Reporting Person: Earnest Morgan G II (SVP and CIO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-18	Common Shares of Beneficial Interest	A	12188	—	Acquired	60470	Direct
2014-02-18	Common Shares of Beneficial Interest	A	23408	—	Acquired	83878	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-18	Option to Purchase Common Shares of Beneficial Interest	$51.64	A	21914	Acquired	2025-01-01	Common Shares of Beneficial Interest (21914)	Direct

Footnotes

F1: 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, 2015.

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, 2015.

F3: Options vest and become exercisable in four annual installments beginning January 1, 2015.