UDR, Inc. — Director's Dealing 2009

Nov 12, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UDR, Inc. (UDR)
CIK: 0000074208
Period of Report: 2009-11-11

Reporting Person: SAGALYN LYNNE B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-11	Common Stock	M	14508	$9.18	Acquired	79527	Direct
2009-11-11	Common Stock	S	14508	$15.133	Disposed	65019	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-11	Stock Options (Right to buy)	$9.18	M	14508	Disposed	2010-01-03	Common Stock (14508)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1296	Indirect

Footnotes

F1: The stock options reported by the reporting person on this Form 4 reflect stock options previously reported by the reporting person with adjustments to the exercise price and number of shares as a result of the special dividend declared on November 10, 2008, and paid January 29, 2009, to all stockholders of record on December 9, 2008.