X0202 4 2005-02-01 0 0000077281 PENNSYLVANIA REAL ESTATE INVESTMENT TRUST PEI 0001174322 RUBIN RONALD PENNSYLVANIA REAL ESTATE INVESTMENT TR THE BELLEVUE 200 S BROAD STREET PHILADELPHIA PA 19102 1 1 0 0 Chairman and CEO Units of Class A Limited Partnership Interest 2005-02-01 4 J 0 107852 A Shares of beneficial interest, par value $1.00 per share 107852 941387 D Units of Class A Limited Partnership Interest 2005-02-01 4 J 0 45853 A Shares of beneficial interest, par value $1.00 per share 45853 266934 I By the Non-QTIP Marital Trust U/W of Richard I. Rubin Units of Class A Limited Partnership Interest Shares of beneficial interest, par value $1.00 per share 3685 3685 I By Pan American Office Investments, L.P. Units of Class A Limited Partnership Interest Shares of beneficial interest, par value $1.00 per share 2776 2776 I By Roosevelt Blvd. Co., Inc. Units of Class A Limited Partnership interests (the "Units") in PREIT Associates, L.P. (the "Partnership"); the Units are generally redeemable one year from the date of issuance 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. The Units issued in connection with the acquisition of Cumberland Mall Associates are redeemable beginning 02/01/2006. Acquired as part of the consideration for the Trust's acquisition of Cumberland Mall Associates. There is no expiration date. The Non-QTIP Marital Trust U/W of Richard I. Rubin (the "Marital Trust") is the holder of these securities. Mr. Rubin is a beneficiary of the Marital Trust. Mr. Rubin disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Pan American Office Investments, L.P. is the holder of these securities. Mr. Rubin is the sole shareholder of Pan American Office Investment - GP, Inc., which in turn is the general partner of Pan American Office Investments, L.P. In addition, Mr. Rubin directly holds a limited partnership interest in Pan American Office Investments, L.P. Roosevelt Blvd. Co., Inc. is the holder of these securities. Mr. Rubin is the sole shareholder of Roosevelt Blvd. Co., Inc. Ronald Rubin 2005-02-03