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UDR, Inc. Director's Dealing 2005

May 16, 2005

30426_dirs_2005-05-16_5ec0c74d-4930-427b-81ac-37a554afc131.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: 2005-05-13

Reporting Person: GIANNOTTI RICHARD A (Executive Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2005-05-13 Common Stock M 22500 Acquired 131775 Direct
2005-05-13 Common Stock S 22500 $22.87 Disposed 109275 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2005-05-13 Stock Options (Right to buy) $14.625 M 22500 Disposed 2005-12-12 Common Stock (22500) Direct