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GLADSTONE COMMERCIAL CORP Director's Dealing 2009

May 12, 2009

32711_dirs_2009-05-12_50e69dc1-6a1b-46a3-ac56-e87301473269.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GLADSTONE COMMERCIAL CORP (GOOD)
CIK: 0001234006
Period of Report: 2009-05-08

Reporting Person: BRUBAKER TERRY LEE (Director, COO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-05-08 Common Stock S 9658 $11.75 Disposed 72606.61 Direct
2009-05-11 Common Stock S 4501 $11.75 Disposed 68105.61 Direct

Footnotes

F1: Includes 15,715.32 shares of common stock which are held in the name of Mr. Brubakers spouse. Mr. Brubaker disclaims beneficial ownership of those 15,715.32 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.

F2: Includes 15,715.32 shares of common stock which are held in the name of Mr. Brubakers spouse. Mr. Brubaker disclaims beneficial ownership of those 15,715.32 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.