SITE Centers Corp. — Director's Dealing 2011

Feb 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DEVELOPERS DIVERSIFIED REALTY CORP (DDR)
CIK: 0000894315
Period of Report: 2011-02-22

Reporting Person: Oakes David (Sr. Exec. VP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-22	Common Shares	A	55100	$0.00	Acquired	435537.2	Direct
2011-02-22	Common Shares	F	4632	$13.83	Disposed	430905.2	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-22	Stock Options	$13.83	A	45132	Acquired	2021-02-22	Common Shares (45132)	Direct

Footnotes

F1: Pursuant to a plan, to vest 1/3 per year.