UDR, Inc. — Director's Dealing 2003

Dec 3, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED DOMINION REALTY TRUST INC (UDR)
CIK: 0000074208
Period of Report: 2003-10-20

Reporting Person: MCCABE KEVIN M (Former Officer-Senior VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-20	Common Stock	J	0	—	Acquired	28446	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-20	Employee Stock Option (Right to Buy)	$13.96	J	0	Acquired	2004-01-20	Common Stock (33333)	Direct

Footnotes

F1: This report is being filed solely to note the termination of Mr. McCabe's insider status. The reported holdings reflect Mr. McCabe's beneficial ownership as of the date of termination of service.

F2: The option is currently exercisable.