EPR PROPERTIES — Director's Dealing 2015

May 15, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPR PROPERTIES (EPR)
CIK: 0001045450
Period of Report: 2015-05-13

Reporting Person: BROWN PETER C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-13	Common Shares of Beneficial Interest	M	3211	—	Acquired	12397	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-13	Restricted Share Units	$58.62	D	3211	Disposed	2015-05-13	Common Shares of Beneficial Interest (3211)	Direct
2015-05-13	Restricted Share Units	$	A	1663	Acquired		Common Shares of Beneficial Interest (1663)	Direct
2015-05-13	Restricted Share Units	$	A	1279	Acquired		Common Shares of Beneficial Interest (1279)	Direct

Footnotes

F1: Restricted Share Units were 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.

F2: 100% of shares are payable on 5/13/2016.

F3: Restricted Share Units were issued to the Reporting Person pursuant to the Company's Equity Incentive Plan. Each Restricted Share Unit represents a contingent right to receive one common share of beneficial interest.