EQUITY RESIDENTIAL — Director's Dealing 2010

Apr 30, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EQUITY RESIDENTIAL (EQR)
CIK: 0000906107
Period of Report: 2010-04-30

Reporting Person: WHITE B JOSEPH (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-30	Common Shares Of Beneficial Interest	M	5000	$25.865	Acquired	9220	Direct
2010-04-30	Common Shares Of Beneficial Interest	M	5000	$27.20	Acquired	14220	Direct
2010-04-30	Common Shares Of Beneficial Interest	S	10000	$45.91	Disposed	4220	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-30	Non-qualified Stock Option (Right to Buy)	$25.865	M	5000	Disposed	2011-05-15	Common Shares Of Beneficial Interest (5000)	Direct
2010-04-30	Non-qualified Stock Option (Right to Buy)	$27.20	M	5000	Disposed	2012-01-17	Common Shares Of Beneficial Interest (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares Of Beneficial Interest	56078.492	Indirect

Footnotes

F1: Direct total includes restricted shares of the Company scheduled to vest in the future.

F2: Represents shares owned by Principal Trust Company, as Trustee of the Equity Residential Supplemental Executive Retirement Plan, for the benefit of the reporting person.

F3: Represents share options scheduled to vest in approximately three equal installments on November 15, 2001, May 15, 2002 and May 15, 2003.

F4: Represents share options scheduled to vest in approximately three equal installments on July 17, 2002, January 17, 2003 and January 17, 2004.