GLADSTONE COMMERCIAL CORP — Director's Dealing 2003

Aug 13, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLADSTONE COMMERCIAL CORP (GOOD)
CIK: 0001234006
Period of Report: 2003-08-12

Reporting Person: BRUBAKER TERRY LEE (Director, President, Secretary and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-12	Common Stock	P	8050	$13.95	Acquired	8050	Direct
2003-08-12	Common Stock	P	12500	$13.95	Acquired	12500	Indirect

Footnotes

F1: Mr. Brubaker disclaims beneficial ownership of these 12,500 shares and this report shall not be deemed an admission that Mr. Brubaker is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.