X0202 4 2006-10-05 1 0001161935 TRIZEC PROPERTIES INC TRZ 0001312890 LIPSON BRIAN C/O TRIZEC PROPERTIES, INC. 10 S. RIVERSIDE PLAZA, SUITE 1100 CHICAGO IL 60606 0 1 0 0 CIO & Executive VP Common Stock 2006-10-05 4 A 0 120603 0 A 155110 D Common Stock 2006-10-05 4 D 0 155110 29.0209 D 0 D Represents shares of restricted common stock awarded under the Trizec Properties, Inc. 2004 Outperformance Compensation Program adopted under the Trizec Properties, Inc. 2002 Long-Term Incentive Plan, as amended (the "OPP"). Includes 120,603 shares of restricted common stock awarded under the OPP, 25,814 restricted stock rights, and 1,031 shares of common stock acquired in exempt acquisitions pursuant to the issuer's Employee Stock Purchase Plan since the reporting person's last Form 4. Disposed of pursuant to an agreement and plan of merger and arrangement agreement between the issuer and affiliates of Brookfield Properties Corporation. /s/ Bansari Shah, by power of attorney 2006-10-05