X0202
4
2008-04-08
0
0000790816
BRANDYWINE REALTY TRUST
BDN
0001170927
SIPZNER HOWARD
555 EAST LANCASTER AVENUE
SUITE 100
RADNOR
PA
19087
0
1
0
0
Executive Vice President & CFO
Common Shares of Beneficial Interest
2008-04-08
2008-04-08
4
A
0
15446
17.61
A
53656
D
Common Shares of Beneficial Interest
2008-04-08
2008-04-08
4
A
0
3712
14.97
A
57368
D
Common Shares of Beneficial Interese
2008-04-08
2008-04-08
5
J
0
E
3500
0.00
A
60868
D
Common Shares of Beneficial Interest
2008-04-08
2008-04-08
5
A
0
E
704
14.70
A
61572
D
Common Shares of Beneficial Interest
2008-04-08
2008-04-08
5
A
0
E
144
15.85
A
61716
D
Series D Cumulative Redeemable Preferred Shares
2008-04-08
2008-04-08
4
A
0
0
0.00
A
9500
D
Series C Cumulative Redeemable Preferred Shares
2008-04-08
2008-04-08
4
A
0
0
0.00
A
3900
D
Stock Option (Right to Buy)
20.61
2008-04-08
2008-04-08
4
A
0
100000
0.00
A
2009-04-08
2018-04-08
Common Shares of Beneficial Interest
100000
100000
D
Phantom Stock
0.00
2008-04-08
2008-04-08
5
J
0
E
3500
0.00
D
2007-02-10
2017-02-10
Common Shares of Beneficial Interest
0
0
D
Reflects the grant of restricted performance shares all of which vest (cliff vest) on April 8, 2011.
The shares acquired reflects the acquisition of shares under the Brandywine Realty Trust Executive Deferred Compensation Plan (the "Plan") pursuant to an earlier election by the reporting person to defer all or part of his annual incentive compensation performance bonus for 2007 into the Plan and invest all or part of the amount deferred into Company shares. Consistent with a policy previously adopted by the Trust's Compensation Committee with respect to employee annual incentive compensation performance bonuses, and by making such election to invest thedeferred bonus into Company shares, the reporting person was able to purchase the shares at a 15% discount. The reporting person's account in the plan was credited with the number of common shares reported, including the shares purchased at the discount, based upon the closing price per share of the common shares on April 8, 2008 ($17.61).
This Form 4 merely reflects the transfer of the Phantom Stock Units over to Table I to reflect that the Phantom Stock Units will be settled in Common Shares.
Stock acquired in a transaction exempt from Section 16(b) of the Securities Exchange Act under Brandywine Realty Trust Employee Stock Purchase Plan.
Stock acquired in a transaction exempt from Section 16(b) of the Securities Exchange Act under a dividend reinvestment plan.
No transaction on the above date. Direct ownership is being disclosed for informational purposes only.
Reflects options awarded for 2007 performance and vest ratably over a three-year period in which 1/3rd of the options vest and become exercisable on April 8, 2009; another 1/3rd of the options vest and become exercisable on April 8, 2010; and the balance of the options vest and become exercisable on April 8, 2011.
Options received as employment compensation.
Brad A. Molotsky, as Attorney-In-Fact for Howard Sipzner
2008-04-10