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UDR, Inc. Director's Dealing 2003

Nov 13, 2003

30426_dirs_2003-11-13_bb954c73-75e9-4809-8a48-2cc9441b8a7c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED DOMINION REALTY TRUST INC (UDR)
CIK: 0000074208
Period of Report: 2003-11-11

Reporting Person: WOOD MARK E (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-11	Common Stock	M	8000	$9.875	Acquired	40094	Direct
2003-11-11	Common Stock	S	8000	$17.95	Disposed	32094	Direct
2003-11-11	Common Stock	M	7500	$9.625	Acquired	39594	Direct
2003-11-11	Common Stock	M	1833	$10.875	Acquired	41427	Direct
2003-11-11	Common Stock	S	9333	$17.95	Disposed	32094	Direct
2003-11-11	Common Stock	P	4095	$17.92	Acquired	36189	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-11	Stock Options (Right to buy)	$9.625	M	7500	Disposed	2009-12-21	Common Stock (7500)	Direct
2003-11-11	Stock Options (Right to buy)	$9.875	M	8000	Disposed	2010-12-05	Common Stock (8000)	Direct
2003-11-11	Stock Options (Right to buy)	$10.875	M	1833	Disposed	2008-12-08	Common Stock (1833)	Direct

Footnotes

F1: This transaction was done pursuant to a cashless exercise of options.