SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
DEBROVNER MARTIN

(Last) (First) (Middle)
2600 CITADEL PLAZA DR
#300

(Street)
HOUSTON TX 77008-

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WEINGARTEN REALTY INVESTORS /TX/ [ WRI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VICE CHAIRMAN/COO
3. Date of Earliest Transaction (Month/Day/Year)
05/02/2005
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/02/2005 M 3,714 A $18.9467 329,921.8325 D
Common Stock 05/02/2005 M 2,351 A $21.7955 332,272.8325 D
Common Stock 05/02/2005 S 6,065 D $35.72 326,207.8325 D
Common Stock 05/02/2005 J 5,401.5 A $0 331,609.3325 D
Common Stock 225 I IRA FOR SPOUSE
Common Stock 40,358.25 I VARIOUS ACCOUNTS FOR CHILDREN
Common Stock 157.6425 I Employee Stock Purchase Plan
IRA 1,239.75 D
IRA 356.7435 I IRA FOR SPOUSE
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to buy) $18.9467 05/02/2005 M 12,333 12/08/2003 12/08/2010 Common Stock 12,333 $18.9467 40,779 D
Stock Option $0 05/02/2005 M 9,374 12/18/2001 12/18/2011 Common Stock 2,351 $21.7955 49,564.75 D
SHARE AWARDS $0 05/02/2005 J(1) 5,401.5 12/16/2003 12/16/2013 Common Stock 5,401.5 $0 0 D
Explanation of Responses:
1. The number of shares reflected in the amount of securities beneficially owned has been increased to reflect 5,402 restricted shares previously granted to the registrant which were erroneously characterized and reported as derivitave securities in previous timely filed Form 4.
MARTIN DEBROVNER 05/03/2005
** 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 4 (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.