SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Swann Christopher

(Last)

(First)

(Middle)

C/O PENN. REAL ESTATE INVESTMENT TRUST

2005 MARKET STREET, SUITE 1000

(Street)

PHILADELPHIA

19103

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/02/2022

3. Issuer Name and Ticker or Trading Symbol
PENNSYLVANIA REAL ESTATE INVESTMENT TRUST [ PEI ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Shares of Beneficial Interest, par value $1.00 per share	66	D
Shares of Beneficial Interest, par value $1.00 per share	12,666	I	Shared ownership with the Reporting Person's spouse
Shares of Beneficial Interest, par value $1.00 per share	54,590	I	Owned by Cygnus Opportunity Fund, LLC
Shares of Beneficial Interest, par value $1.00 per share	42,021	I	Owned by Cygnus Property Fund IV, LLC
Series B Preferred Shares, par value $0.01 per share	74,398	I	Owned by Cygnus Opportunity Fund, LLC
Series B Preferred Shares, par value $0.01 per share	42,963	I	Owned by Cygnus Property Fund IV, LLC
Series B Preferred Shares, par value $0.01 per share	147,802	I	Owned by Cygnus Property Fund V, LLC
Series B Preferred Shares, par value $0.01 per share	52,923	I	Owned by Cygnus Property Fund VI, LLC
Series C Preferred Shares, par value $0.01 per share	111,416	I	Owned by Cygnus Opportunity Fund, LLC
Series C Preferred Shares, par value $0.01 per share	74,879	I	Owned by Cygnus Property Fund IV, LLC
Series C Preferred Shares, par value $0.01 per share	210,479	I	Owned by Cygnus Property Fund V, LLC
Series C Preferred Shares, par value $0.01 per share	58,750	I	Owned by Cygnus Property Fund VI, LLC
Series D Preferred Shares, par value $0.01 per share	4,000	D
Series D Preferred Shares, par value $0.01 per share	136,744	I	Owned by Cygnus Opportunity Fund, LLC
Series D Preferred Shares, par value $0.01 per share	30,749	I	Owned by Cygnus Property Fund IV, LLC
Series D Preferred Shares, par value $0.01 per share	166,000	I	Owned by Cygnus Property Fund V, LLC
Series D Preferred Shares, par value $0.01 per share	156,922	I	Owned by Cygnus Property Fund VI, LLC

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)

Explanation of Responses:

Remarks:

	/s/ Christopher Swann	08/06/2022
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.