EPR PROPERTIES — Director's Dealing 2016

May 10, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPR PROPERTIES (EPR)
CIK: 0001045450
Period of Report: 2016-05-06

Reporting Person: Peterson Mark Alan (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-06	Common Shares of Beneficial Interest	M	5780	$65.5	Acquired	88109	Direct
2016-05-06	Common Shares of Beneficial Interest	M	4023	$65.5	Acquired	92132	Direct
2016-05-06	Common Shares of Beneficial Interest	M	3282	$45.73	Acquired	95414	Direct
2016-05-06	Common Shares of Beneficial Interest	F	11439	$70.49	Disposed	83975	Direct
2016-05-06	Common Shares of Beneficial Interest	J	1647	—	Disposed	82328	Direct
2016-05-06	Common Shares of Beneficial Interest	J	1647	—	Acquired	29219	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-06	Option to Purchase Common Shares of Beneficial Interest	$65.5	M	5780	Disposed	2017-01-01	Common Shares of Beneficial Interest (5780)	Direct
2016-05-06	Option to Purchase Common Shares of Beneficial Interest	$65.5	M	4023	Disposed	2017-01-01	Common Shares of Beneficial Interest (4023)	Direct
2016-05-06	Option to Purchase Common Shares of Beneficial Interest	$45.73	M	3282	Disposed	2021-01-01	Common Shares of Beneficial Interest (3282)	Direct

Footnotes

F1: These shares were assigned to the Company in payment of exercise prices and associated taxes.

F2: These shares were transferred from direct ownership to indirect ownership.