X0202 4 2005-06-17 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 Vice Chairman Shares of Beneficial Interest, par value $1.00 per share 2005-06-17 4 F 0 35884 47.715 D 51815 D Shares of Beneficial Interest, par value $1.00 per share 2005-06-17 4 M 0 50000 25.41 A 101815 D Shares of Beneficial Interest, par value $1.00 per share 7835 I By Trust. Shares of Beneficial Interest, par value $1.00 per share 900 I By Trust. Shares of Beneficial Interest, par value $1.00 per share 500 I By Spouse. Employee Stock Option (Right to Buy) 25.41 2005-06-17 4 M 0 50000 0 D 2007-09-29 Shares of Beneficial Interest 50000 25000 D Held by a trust of which Mr. Rubin is a trustee. Held by a trust the beneficiary of which is Mr. Rubin's daughter. Mr. Rubin dislcaims beneficial ownership of these shares. Held by Mr. Rubin's spouse. Mr. Rubin disclaims beneficial ownership of these shares. The options became exercisable in four equal annual installments of 18,750 shares each beginning January 1, 1999 and on each of the first three anniversaries of such date. George F. Rubin 2005-06-21