X0202 4 2005-03-07 0 0000921112 LIBERTY PROPERTY TRUST LRY 0001248371 HANKOWSKY WILLIAM P C/O LIBERTY PROPERTY TRUST 65 VALLEY STREAM PARKWAY MALVERN PA 19355 0 1 0 0 Chairman, President & CEO Common Shares of Beneficial Interest ($0.001 par value) 2005-03-07 4 A 0 30000 0.00 A 76777 D Represents an award of restricted common shares made under the Trust's share incentive plan as an incentive enhancing the ability of the Trust to retain the services of the reporting person. The restrictions on these shares will lapse as to all such shares on the reporting person's sixty-second (62nd) birthday, provided that the reporting person continues to be employed by, or is in the service of, the Trust as of such date, subject to automatic vesting upon the reporting person's death or disability (as defined in the Trust's share incentive plan). Includes 25,542 shares subject to restrictions that were granted to the reporting person as compensation. Also includes 30 shares that were inadvertently omitted from the total number of shares owned by the reporting person as reflected in his last Form 4 filing. William P. Hankowsky by James J. Bowes as Attorney-in-Fact 2005-03-09