X0201 4 2003-12-29 0 0000077281 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST PEI 0001203113 RUBIN GEORGE F C/O PENN. REAL ESTATE INVESTMENT TRUST 200 S. BROAD ST., THE BELLEVUE PHILADEPHIA PA 19102 1 1 0 0 President of PREIT-Rubin, Inc. Units of Class A Limited Partnership Interest 2003-12-29 4 J 0 1738.33 A Shares of Beneficial Interest 1738.33 1738.33 D Units of Class A limited partnership interest in PREIT Associates, L.P.; redeemable beginning 12/29/2004 for cash equal to contemporaneous market prices for shares of beneficial interest in Pennsylvania Real Estate Investment Trust (the "Trust") or, at the option of the Trust, for a like number of shares of beneficial interest in the Trust. Acquired under an agreement among the Trust, the reporting person and others dated July 31, 1997, as amended, providing for the post-closing payment of additional consideration in the event of the Trust's acquisition of certain properties. There is no expiration date. George F. Rubin 2003-12-30