X0202 4 2005-09-14 0 0001193558 AMERICAN FINANCIAL REALTY TRUST AFR 0001248586 HUFFMAN SONYA A C/O AMERICAN FINANCIAL REALTY TRUST 1725 THE FAIRWAY JENKINTOWN PA 19046 0 1 0 0 Senior VP - Operations Common Shares 2005-09-14 4 S 0 2756 14.56 D 115336 D Stock Option (right to buy) 10.00 2012-09-10 Common Shares 125000 125000 D Partnership Units Common Shares 500 500 D Shares sold pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on August 30, 2005 principally for the purpose of applying the proceeds from sales under such plan to the taxes that become payable at periodic vesting of the Reporting Person's restricted share awards. This amount includes: (i) 16,092 restricted common shares issued on January 4, 2005 pursuant to the Issuer's 2002 Equity Incentive Plan (Plan), which shares vest 25% on the first anniversary of the date of issuance and in equal installments of 6.25% at the end of each quarter thereafter; (ii) 30,000 restricted common shares issued on January 2, 2004 pursuant to the Issuer's Plan, which shares which shares vest 25% on the first anniversary of the date of issuance and in equal installments of 6.25% at the end of each quarter thereafter; and (iii) 72,000 restricted common shares issued on July 1, 2003 pursuant to the Issuer's Plan, which shares vest 33.33% on the first anniversary of the date of issuance and in equal installments of 8.33% at the end of each quarter thereafter. The Reporting Person has sold a portion of the vested shares as reported in this Form 4. This option was granted on September 10, 2002 under the Issuer's 2002 Equity Incentive Plan. The option will vest and become exercisable at a rate of 25% on the first anniversary of the date of grant and in equal installments of 6.25% at the end of each quarter thereafter. Pursuant to Section 8.04 of the Amended and Restated Agreement of Limited Partnership of First States Group, L.P., the issuer's operating partnership, units of the operating partnership may be converted into common shares on a one-for-one basis, subject to adjustments for stock splits, dividends, recapitalizations and similar events or, at the issuer's option, redeemed for a cash amount equal to the value of common shares for which the units would otherwise be converted. /s/ Edward J. Matey Jr. By: Edward J. Matey Jr. as Attorney-in-fact for Sonya A. Huffman 2005-09-16