UDR, Inc. — Director's Dealing 2008

Feb 14, 2008

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: UDR, Inc. (UDR)
CIK: 0000074208
Period of Report: 2007-12-31

Reporting Person: GROVE JON A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-31	Warrants (Right to Buy - KEYSOP)	$0	J	15793	Acquired	2013-03-25	Common Stock (15793)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	246049	Direct

Footnotes

F1: These shares were acquired through dividend reinvestment at various prices when dividends were declared.

F2: KEYSOP Shares acquired through Dividend Reinvestment Plan

F3: These options were acquired through Dividend Reinvestment and are exercisable upon acquisition.