X0306 4 2019-02-01 0 0000921112 LIBERTY PROPERTY TRUST LRY 0001676152 Morrissey Mary Beth C/O LIBERTY PROPERTY TRUST 650 EAST SWEDESFORD ROAD, SUITE 400 WAYNE PA 19087 0 1 0 0 SVP & Chief Accounting Officer Common Shares of Beneficial Interest ($0.001 par value) 2019-02-01 4 S 0 6237 46.7478 D 60698 D Common Shares of Beneficial Interest ($0.001 par value) 2019-02-26 4 A 0 4672 0.00 A 65370 D Common Shares of Beneficial Interest ($0.001 par value) 2019-02-27 4 F 0 384 47.55 D 64986 D Sales effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person. Includes (i) 2,796 restricted common shares granted on February 26, 2019 that will vest on the third anniversary of the date of grant, subject to continued employment and (ii) 1,876 common shares consisting of common shares issuable pursuant to restricted share units granted in 2016, as compensation, the performance conditions relating to which have been satisfied, and shares that accrued under the Company's Dividend Reinvestment Plan with respect to such restricted share units. Received as employment compensation. Consists of shares withheld in payment of income taxes upon the vesting of shares issued pursuant to awards the vesting conditions relating to which have been satisfied, all of which such shares have been previously reported by the reporting person. Mary Beth Morrissey by Herman C. Fala as Attorney-in-Fact 2019-02-28