UDR, Inc. — Director's Dealing 2003

Nov 10, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED DOMINION REALTY TRUST INC (UDR)
CIK: 0000074208
Period of Report: 2003-11-07

Reporting Person: WALLIS W MARK (Senior Executive Vice Presiden)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-07	Common Stock	M	8704	$12.23	Acquired	53339	Direct
2003-11-07	Common Stock	G	6200	—	Disposed	47139	Direct
2003-11-07	Common Stock	G	2250	—	Disposed	44889	Direct
2003-11-07	Common Stock	P	1700	$17.96	Acquired	1700	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-07	Stock Options (Right to buy)	$12.23	M	8704	Disposed	2011-04-02	Common Stock (8704)	Direct

Footnotes

F1: Gifted to Littleton Church of Christ

F2: Gifted to Harding University