UDR, Inc. — Director's Dealing 2009

Feb 13, 2009

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: UDR, Inc. (UDR)
CIK: 0000074208
Period of Report: 2008-12-31

Reporting Person: GROVE JON A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-15	Common Stock	G	610	—	Disposed	246944	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-31	Warrants (Right to Buy - KEYSOP)	$0	J	19741	Acquired	2013-03-25	Common Stock (19741)	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.