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*
ROSENBERG SHELI Z
(Last) (First) (Middle)
TWO NORTH RIVERSIDE PLAZA
SUITE 600
(Street)
CHICAGO IL 60606
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
EQUITY RESIDENTIAL [ EQR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
11/09/2005
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)
Code V Amount (A) or (D) Price
Common Shares of Beneficial Interest 11/09/2005 M 40,000 A $20.0938 227,629.03 D
Common Shares of Beneficial Interest 11/09/2005 M 100,000 A $25.3438 327,629.03 D
Common Shares of Beneficial Interest 11/09/2005 S 100,000 D $38.1875 227,629.03 D
Common Shares of Beneficial Interest 11/09/2005 S 40,000 D $38.1875 187,629.03 D
Common Shares of Beneficial Interest 46,399(1) I SERP Account
Common Shares of Beneficial Interest 59,342(2) I Spouse
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $22.9688 11/16/2000 05/16/2010 Common Shares of Beneficial Interest 10,000 10,000(3) D
Non-Qualified Stock Option (right to buy) $23.375 05/17/2001 05/17/2009 Common Shares of Beneficial Interest 10,000 10,000(4) D
Non-Qualified Stock Option (right to buy) $23.55 08/07/2003 02/07/2013 Common Shares of Beneficial Interest 5,921 5,921(5) D
Non-Qualified Stock Option (right to buy) $24.625 05/14/2000 05/14/2008 Common Shares of Beneficial Interest 10,000 10,000(6) D
Non-Qualified Stock Option (right to buy) $25.75 01/28/2000 01/28/2007 Common Shares of Beneficial Interest 10,000 10,000(7) D
Non-Qualified Stock Option (right to buy) $25.865 11/15/2001 05/15/2011 Common Shares of Beneficial Interest 10,000 10,000(8) D
Non-Qualified Stock Option (right to buy) $27.2 01/17/2003 01/17/2012 Common Shares of Beneficial Interest 5,000 5,000(9) D
Non-Qualified Stock Option (right to buy) $29.25 01/27/2004 01/27/2014 Common Shares of Beneficial Interest 5,532 5,532(10) D
Non-Qualified Stock Option (right to buy) $31.76 02/03/2005 02/03/2015 Common Shares of Beneficial Interest 4,743 4,743(11) D
Non-Qualified Stock Option (right to buy) $20.0938 11/09/2005 M 40,000 01/18/2000 01/18/2009 Common Shares of Beneficial Interest 40,000 $38.1875 0(12) D
Non-Qualified Stock Option (right to buy) $25.3438 11/09/2005 M 100,000 01/07/2001 01/07/2008 Common Shares of Beneficial Interest 100,000 $38.1875 0(13) D
Operating Partnership Units $0 08/12/1993 08/08/1988 Common Shares of Beneficial Interest 3,056 3,056 D
Explanation of Responses:
1. Shares reported herein are owned by The Security Trust Company, as Trustee of the Equity Residential Supplemental Retirement Plan for the benefit of the reporting person and were acquired through Equity Residential's Employee Share Purchase Plan.
2. Shares reported herein are beneficially owned by Ms. Rosenberg's spouse. Ms. Rosenberg disclaims beneficial ownership of the shares owned by her spouse.
3. Share options reported on this line are fully exercisable.
4. Share options reported on this line are fully exercisable.
5. 1,974 share options reported herein will become exercisable on February 7, 2004; 1,974 share options will become exercisable on February 7, 2005; and 1,973 share options will become exercisable on February 7, 2006.
6. Share options reported on this line are fully exercisable.
7. Share options reported on this line are fully exercisable.
8. 6,668 share options reported herein are currently exercisable; and 3,332 share options will become exercisable on May 15, 2003.
9. 3,333 share options reported herein are exercisable; 1,667 will become exercisable on January 17, 2004.
10. Share options reported on this line will become exercisable in three equal installments on July 27, 2004; January 27, 2005 and January 27, 2006.
11. Share options reported on this line will become exercisable in three equal installments on August 3, 2005; February 3, 2006 and February 3, 2007.
12. Share options reported on this line are fully exercisable.
13. Share options reported on this line are fully exercisable.
By: Barbara Shuman, Attorney-in-fact 11/14/2005
** 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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