SEC FORM 4

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

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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^*

TAIT AMY L

(Last)

(First)

(Middle)

C/O HOME PROPERTIES, INC.

850 CLINTON SQUARE

(Street)

ROCHESTER

14604

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
HOME PROPERTIES INC [ HME ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/08/2012

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, Par Value $.01	11/08/2012		M		3,166	A	$52.56	30,471	D
Common Stock, Par Value $.01	11/08/2012		S		3,166	D	$60.7148⁽¹⁾	27,305	D
Common Stock, Par Value $.01	11/08/2012		M		1,200	A	$33.9	28,505	D
Common Stock, Par Value $.01	11/08/2012		S		1,200	D	$60.8057⁽²⁾	27,305	D
Common Stock, Par Value $.01	11/08/2012		M		3,747	A	$55.5	31,052	D
Common Stock, Par Value $.01	11/08/2012		S		3,747	D	$60.7984⁽³⁾	27,305	D
Common Stock, Par Value $.01	11/08/2012		M		1,940	A	$49.35	29,245	D
Common Stock, Par Value $.01	11/08/2012		S		1,940	D	$60.8292⁽⁴⁾	27,305	D
Common Stock, Par Value $.01	11/08/2012		M		4,000	A	$51.06	31,305	D
Common Stock, Par Value $.01	11/08/2012		S		4,000	D	$60.8865⁽⁵⁾	27,305	D
Common Stock, Par Value $.01	11/09/2012		S		940	D	$61.1604⁽⁶⁾	26,365	D
Common Stock, Par Value $.01	11/08/2012		C		11,195	A	$0⁽⁷⁾	37,560	D
Common Stock, Par Value $.01	11/08/2012		C		2,548⁽⁸⁾	A	$0⁽⁷⁾	40,108	D
Common Stock, Par Value $.01	11/13/2012		S		13,743	D	$59.0084	26,365	D
Common Stock, Par Value $.01								1,436	I	Shares in custodial account for minor children
Common Stock, Par Value $.01								2,115	I	By spouse
Common Stock, Par Value $.01								5,000	D⁽⁸⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option to Purchase Common Stock	$52.56	11/08/2012		M			3,166	05/01/2009	05/01/2018	Common Stock	3,166	$0	791	D
Option to Purchase Common Stock	$33.9	11/08/2012		M			1,200	05/11/2010	05/11/2019	Common Stock	1,200	$0	2,400	D
Option to Purchase Common Stock	$55.5	11/08/2012		M			3,747	05/01/2008	05/01/2017	Common Stock	3,747	$0	0	D
Option to Purchase Common Stock	$49.35	11/08/2012		M			1,940	05/11/2011	05/11/2020	Common Stock	1,940	$0	2,909	D
Option to Purchase Common Stock	$51.06	11/08/2012		M			4,000	05/04/2007	05/04/2016	Common Stock	4,000	$0	0	D
Units of Limited Partnership	$0⁽⁷⁾	11/08/2012		C			11,195	⁽⁷⁾	⁽⁷⁾	Common Stock	11,195	$0	0	D
Units of Limited Partnership	$0⁽⁷⁾	11/08/2012		C			2,548	⁽⁷⁾	⁽⁷⁾	Common Stock	2,548	$0	0	D⁽⁸⁾

Explanation of Responses:

1. Represents weighted average sales price with shares sold at prices ranging from $60.70 to $60.80. Upon request by the commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each individual price.

2. Represents weighted average sales price with shares sold at prices ranging from $60.7700 to $60.8850. Upon request by the commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each individual price.

3. Represents weighted average sales price with shares sold at prices ranging from $60.75 to $60.84. Upon request by the commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each individual price.

4. Represents weighted average sales price with shares sold at prices ranging from $60.71 to $60.91. Upon request by the commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each individual price.

5. Represents weighted average sales price with shares sold at prices ranging from $60.83 to $60.98. Upon request by the commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each individual price.

6. Represents weighted average sales price with shares sold at prices ranging from $61.12 to $61.18. Upon request by the commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each individual price.

7. The Reporting Person redeemed units of limited partnership interest ("Units") of Home Properties, L.P., of which the Issuer is the general partner. Units are redeemable for an equal number of shares of the Issuer's Common Stock, or at the election of the Issuer, cash equal to the fair market value of such shares. The Issuer elected to redeem the Reporting Person's Units with Common Stock. Units have no expiration date.

8. Jointly with spouse.

Remarks:

	/s/ Amy L. Tait, By Ann M. McCormick, attorney-in-fact	11/13/2012
	** 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.