UDR, Inc. — Director's Dealing 2009

Sep 10, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UDR, Inc. (UDR)
CIK: 0000074208
Period of Report: 2009-09-09

Reporting Person: SPANGLER THOMAS A (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-09-09	Common Stock	M	2706	$8.89	Acquired	46465	Direct
2009-09-09	Common Stock	S	2706	$13.43	Disposed	43759	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-09-09	Stock Options (Right to buy)	$8.89	M	2706	Disposed	2009-12-21	Common Stock (2706)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	863	Indirect