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UDR, Inc. Director's Dealing 2003

Aug 25, 2003

30426_dirs_2003-08-25_ee7ebe14-e8b9-476f-a378-2b7be98ddac4.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: 2003-08-21

Reporting Person: CORCORAN THOMAS JAMES (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-21	Common Stock	M	22500	$9.625	Acquired	60755	Direct
2003-08-21	Common Stock	F	11978	$18.08	Disposed	48777	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-21	Stock Options (Right to buy)	$9.625	M	22500	Disposed	2009-12-21	Common Stock (22500)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options (Right to buy)	$9.875	2010-12-05	Common Stock (22500)	22500	Direct
Stock Options (Right to buy)	$10.875	2008-12-08	Common Stock (15000)	15000	Direct
Stock Options (Right to buy)	$13.5	2007-01-02	Common Stock (6000)	6000	Direct
Stock Options (Right to buy)	$14.25	2007-12-09	Common Stock (6667)	6667	Direct
LLC Units	$0	1988-08-08	Common Stock (13000)	13000	Direct