sv8
As filed with the Securities and Exchange Commission on May 9, 2007
Registration
No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
BRANDYWINE REALTY TRUST
(Exact Name of Registrant as Specified in Its Charter)
Maryland
(State or Other Jurisdiction of Incorporation or Organization)
23-2413352
(I.R.S. Employer Identification No.)
555 East Lancaster Avenue, Suite 100
Radnor, Pennsylvania 19087
(Address of Principal Executive Offices)
19462
(Zip Code)
AMENDED AND RESTATED 1997 LONG-TERM INCENTIVE PLAN
(Full Title of the Plans)
Gerard H. Sweeney
President and Chief Executive Officer
555 East Lancaster Avenue, Suite 100
Radnor, Pennsylvania 19087
(Name and Address of Agent for Service)
(610) 325-5600
(Telephone Number, Including Area Code, of Agent for Service)
With a copy to:
Michael H. Friedman, Esq.
Pepper Hamilton llp
3000 Two Logan Square
Philadelphia, Pennsylvania 19103-2799
(215) 981-4000
CALCULATION OF REGISTRATION FEE
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Proposed |
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Proposed maximum |
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Title of each class of |
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Amount to be |
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maximum offering |
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aggregate |
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Amount of |
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securities to be registered |
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Registered (1) |
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price per unit (2) |
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offering price (2) |
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registration fee (2) |
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Common Shares of
Beneficial Interest, par value $.01 per share
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1,799,552
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$33.02
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$59,421,207
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$1824.23 |
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(1) |
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This Form S-8 is registering 1,799,552 common shares of beneficial interest, par value $.01
per share, of Brandywine Realty Trust (the Common Shares) that may be issued pursuant to
awards made under the Brandywine Realty Trust Amended and Restated 1997 Long-Term Incentive
Plan (the Plan). Pursuant to Rule 416 of the Securities Act of 1933 (the Securities Act),
this Registration Statement covers such additional Common Shares as may be issued to prevent
dilution from stock splits, stock dividends, and similar transactions. |
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(2) |
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Estimated solely for the purpose of calculating the registration fee pursuant to paragraphs
(c) and (h) of Rule 457 of the Securities Act on the basis of the average of the high and low
prices of the common shares of beneficial interest of the Registrant on the New York Stock
Exchange on May 4, 2007. |
TABLE OF CONTENTS
EXPLANATORY NOTE
Pursuant to General Instruction E of Form S-8, the contents of Brandywine Realty Trusts
Registration Statements on Form S-8 (Nos. 333-28427, 333-52957 and 333-125311) (together, the
Prior Registration Statements) are incorporated by reference herein.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
All information required to be set forth herein which is not contained herein or in the
Exhibits hereto is contained in the Prior Registration Statements.
Item 8. Exhibits.
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Exhibit |
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Number |
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Description |
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5.1 |
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Opinion of Pepper Hamilton LLP. |
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23.1 |
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Consent of PricewaterhouseCoopers LLP. |
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23.2 |
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Consent of Pepper Hamilton LLP (contained in Exhibit 5.1). |
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24.1 |
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Power of Attorney (contained in the signature page hereto). |
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it
has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned,
thereunto duly authorized, in the City of Philadelphia, Commonwealth of Pennsylvania, on May 9,
2007.
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BRANDYWINE REALTY TRUST
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By: |
/s/ Gerard H. Sweeney
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Gerard H. Sweeney |
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President and Chief Executive Officer |
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POWER OF ATTORNEY
Pursuant to the requirements of the Securities Act, this Registration Statement and Power of
Attorney have been signed by the following persons in the capacity and on the dates indicated.
KNOW ALL MEN BY THESE PRESENTS, that each person whose name appears below hereby constitutes
and appoints Gerard H. Sweeney his true and lawful attorney-in-fact and agent, with full power of
substitution and resubstitution, for him and in his name, place and stead, in any and all
capacities, to sign any and all amendments (including post-effective amendments) to this
Registration Statement, and to file the same, with exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, granting unto said
attorney-in-fact and agent full power and authority to do and perform each and every act and thing
requisite and necessary to be done, as fully to all intents and purposes as he might or could do in
person, hereby ratifying and confirming all that said attorney-in-fact and agent or his substitute
or substitutes, may lawfully do or cause to be done by virtue hereof.
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Signature |
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Title(s) |
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Date |
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/s/ Gerard H. Sweeney
Gerard H. Sweeney
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President, Chief Executive
Officer and Trustee (Principal
Executive Officer)
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May 9, 2007 |
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/s/ Howard M. Sipzner
Howard M. Sipzner
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Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)
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May 9, 2007 |
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/s/ Darryl M. Dunn
Darryl M. Dunn
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Vice President, Chief Accounting
Officer and Treasurer
(Principal Accounting Officer)
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May 9, 2007 |
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/s/ Walter DAlessio
Walter DAlessio
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Chairman of the Board of Trustees
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May 9, 2007 |
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/s/ D. Pike Aloian
D. Pike Aloian
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Trustee
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May 9,
2007 |
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Signature |
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Title(s) |
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Date |
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/s/ Thomas F. August
Thomas F. August
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Trustee
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May 9,
2007 |
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/s/ Donald E. Axinn
Donald E. Axinn
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Trustee
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May 9,
2007 |
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/s/ Wyche Fowler
Wyche Fowler
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Trustee
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May 9,
2007 |
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/s/ Michael J. Joyce
Michael J. Joyce
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Trustee
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May 9,
2007 |
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/s/ Anthony A. Nichols, Sr.
Anthony A. Nichols, Sr.
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Trustee
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May 9,
2007 |
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/s/ Charles P. Pizzi
Charles P. Pizzi
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Trustee
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May 9,
2007 |
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/s/ Michael V. Prentiss
Michael V. Prentiss
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Trustee
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May 9,
2007 |
EXHIBIT INDEX
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Exhibit |
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Number |
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Description |
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5.1 |
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Opinion of Pepper Hamilton LLP. |
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23.1 |
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Consent of PricewaterhouseCoopers LLP. |
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23.2 |
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Consent of Pepper Hamilton LLP (contained in Exhibit 5.1). |
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24.1 |
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Power of Attorney (contained in the signature page hereto). |
exv5w1
EXHIBIT 5.1
Pepper Hamilton LLP
Attorneys at Law
3000 Two Logan Square
Eighteenth and Arch Streets
Philadelphia, PA 19103-2799
215.981.4000
Fax 215.981.4750
May 9, 2007
Brandywine Realty Trust
555 East Lancaster Avenue, Suite 100
Radnor, Pennsylvania 19087
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Re: |
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Registration Statement on Form S-8 |
Ladies and Gentlemen:
We have served as counsel to Brandywine Realty Trust, a Maryland real estate investment trust
(the Company), in connection with the registration statement (the Registration Statement) of
the Company on Form S-8 under the Securities Act of 1933, as amended (the 1933 Act), and the
filing of the Registration Statement with the Securities and Exchange Commission (the
Commission). The Registration Statement registers the offer and sale of an additional 1,799,552
common shares of beneficial interest, par value $.01 per share (the Shares), of the Company,
issuable pursuable to the Companys Amended and Restated 1997 Long-Term Incentive Plan (the
Plan).
In connection with our representation of the Company and the opinions hereinafter set forth,
we have examined originals or copies, certified or otherwise identified to our satisfaction, of the
following documents:
1. The Registration Statement, in the form in which it is to be filed with the Commission
under the 1933 Act;
2. The Amended and Restated Declaration of Trust of the Company, as amended, certified as of
a recent date by the State Department of Assessments and Taxation of Maryland (the SDAT);
3. The Bylaws of the Company;
4. The Plan;
5. Resolutions adopted by the Board of Trustees of the Company relating to the Plan;
6. A certificate of the SDAT as to the good standing of the Company, dated as of a recent
date; and
7. Such other documents and matters as we have deemed necessary or appropriate to express the
opinion set forth in this letter.
Based on the foregoing, we are of the opinion that the Shares, when issued in accordance with
the terms of the Plan, will be validly issued, fully paid and non-assessable.
We assume no obligation to supplement this opinion if any applicable law changes after the
date hereof or if we become aware of any fact that might change the opinion expressed herein after
the date hereof.
This opinion is being furnished to you solely for submission to the Commission as an exhibit
to the Registration Statement and, accordingly, may not be relied upon by, quoted in any manner to,
or delivered to any other person or entity without, in each instance, our prior written consent.
We hereby consent to the filing of this opinion as an exhibit to the Registration Statement
and to the use of the name of our firm therein. In giving this consent, we do not admit that we are
within the category of persons whose consent is required by Section 7 of the 1933 Act.
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Very truly yours,
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/s/ Pepper Hamilton LLP
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Pepper Hamilton LLP |
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exv23w1
EXHIBIT 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of
our report dated February 28, 2007 relating to the financial statements, financial statement
schedules, managements assessment of the effectiveness of internal control over financial
reporting and the effectiveness of internal control over financial reporting which appears in
Brandywine Realty Trusts Annual Report on Form 10-K for the year ended December 31, 2006.
/s/ PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
May 9, 2007