SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SIPZNER HOWARD

(Last)

(First)

(Middle)

555 EAST LANCASTER AVENUE

SUITE 100

(Street)

RADNOR

19087

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BRANDYWINE REALTY TRUST [ BDN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President & CFO

3. Date of Earliest Transaction (Month/Day/Year)
12/04/2008

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares of Beneficial Interest	12/04/2008	12/04/2008	P		30,000	A	$4	93,575	D
Common Shares of Beneficial Interest⁽¹⁾	12/04/2008⁽¹⁾	12/04/2008⁽¹⁾	J⁽¹⁾		82⁽¹⁾	A	$9.38⁽¹⁾	93,657⁽¹⁾	D
Common Shares of Beneficial Interest⁽²⁾	12/04/2008⁽²⁾	12/04/2008⁽²⁾	J⁽²⁾		1,074⁽²⁾	A	$9.57⁽²⁾	94,731⁽²⁾	D
Series D Cumulative Redeemable Preferred Shares⁽³⁾	12/04/2008⁽³⁾	12/04/2008⁽³⁾	P⁽³⁾		324⁽³⁾	A	$13.82⁽³⁾	10,071⁽³⁾	D
Series C Cumulative Redeemable Preferred Shares⁽⁴⁾	12/04/2008⁽⁴⁾	12/04/2008⁽⁴⁾	J	V	0⁽⁴⁾	A	$0.00⁽⁴⁾	5,000⁽⁴⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Includes 82 additional shares acquired under the Company's Dividend Reinvestment Plan since the Reporting Person's last Section 16 filing with a transaction price of $9.38. The information in this report is as of 12-04-2008. The DRIP Plan provides for the purchase of fractional shares. The number reported is the nearest whole number.

2. Includes 1074 additional shares of Brandywine Realty Trust acquired through a broker-administered dividend reinvestment with a transaction price between $9.54 and $9.60 with terms similar to the Brandywine Realty Trust Dividend Reinvestment Plan. The information in this report is as of 12-04-2008. The DRIP Plans provides for the purchase of fractional shares. The number reported is the nearest whole number.

3. Includes 324 additional shares of Brandywine Realty Trust Series D Cumulative Redeemable Preferred Shares acquired through broker-administered dividend reinvestment with a transaction price between $13.70 and $13.95. The information in this report is as of 12-4-2008. Price reflects average price of two dividend reinvestment transactions.

4. No transaction on the above date. Direct ownership is being disclosed for informational purposes only.

Remarks:

	Brad A. Molotsky, as Attorney in Fact for Howard Sipzner	12/04/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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