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UDR, Inc. Director's Dealing 2009

Mar 18, 2009

30426_dirs_2009-03-18_85c13518-cf5b-438a-bca2-f7aa863c7ed8.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UDR, Inc. (UDR)
CIK: 0000074208
Period of Report: 2006-05-10

Reporting Person: WALLIS W MARK (Sr Exec Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-03-05 Common Stock J 263904 Acquired 424099 Direct
2009-03-05 Common Stock J 32679 Acquired 32679 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-05-10 LLC Units $0 D 2407 Disposed Common Stock (3632) Direct
2007-01-02 LLC Units $0 D 3933 Disposed Common Stock (5935) Direct
2009-01-29 LLC Units $0 J 13363 Acquired Common Stock (20167) Direct
2009-03-05 LLC Units $0 J 174872 Disposed Common Stock (263904) Direct
2009-01-29 LLC Units $0 J 1654 Acquired Common Stock (2497) Indirect
2009-03-05 LLC Units $0 J 21654 Disposed Common Stock (32679) Indirect

Footnotes

F1: There is no conversion price for these securities.

F2: On May 10, 2006, the reporting person exchanged 2,407 Series A OPPS for 150,000 Series D OPPS, which never vested.

F3: There is no expiration date for these securities.

F4: On January 2, 2007, the reporting person exchanged 3,933 Series A OPPS for 172,500 Series E OPPS which will be valued for vesting on December 31, 2009.

F5: As a result of a special dividend declared November 10, 2008, and paid January 29, 2009, to all stockholders of record on December 9, 2008, the reporting person received these additional limited partnership units of United Dominion Realty, L.P. ("UDRLP"), which the reporting person received in connection with the dissolution of UDR Out-Performance I, LLC in December 2007.

F6: On March 5, 2009, the reporting person received 263,904 shares of common stock upon the conversion of 174,872 limited partnership units of UDRLP, which the reporting person received in connection with the dissolution of UDR Out-Performance I, LLC in December 2007.

F7: As a result of a special dividend declared November 10, 2008, and paid January 29, 2009, to all stockholders of record on December 9, 2008, the reporting person received these additional limited partnership units of UDRLP.

F8: On March 5, 2009, the reporting person received 32,679 shares of common stock upon the conversion of 21,654 limited partnership units of UDRLP, which the reporting person received in connection with the dissolution of UDR Out-Performance I, LLC in December 2007.