X0306 4 2020-01-07 0 0000921112 LIBERTY PROPERTY TRUST LPT 0001271836 PAPA CHRISTOPHER J C/O LIBERTY PROPERTY TRUST 650 EAST SWEDESFORD ROAD, SUITE 400 WAYNE PA 19087 0 1 0 0 Exec. Vice President and CFO Common Shares of Beneficial Interest ($0.001 par value) 2020-01-07 4 A 0 25270 0.00 A 77073 D Common Shares of Beneficial Interest ($0.001 par value) 2020-01-07 4 F 0 8334 59.66 D 68739 D Consists of common shares issuable pursuant to restricted share units granted in 2017, 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. Reflects the purchase by the reporting person pursuant to the Company's Employee Stock Purchase Plan of aggregate of 597 shares in June 2019. Consists of shares withheld in payment of income taxes upon the vesting of the restricted share units reported in this Form 4. Christopher J. Papa by Herman C. Fala as Attorney-in-Fact 2020-01-09