FORM 4
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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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name
and Address of Reporting Person *
Molotsky, Brad A. (Last) (First) (Middle) |
2. Issuer Name Brandywine Realty Trust
and Ticker or Trading Symbol BDN |
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director
10% Owner
Officer (give title below)
Other (specify below)
General Counsel and Secretary |
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401 Plymouth Road
Suite 500 |
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) |
4. Statement for Month/Day/Year 02/27/03 |
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(Street) Plymouth Meeting, PA 19462 |
5. If Amendment, Date of Original (Month/Day/Year) |
7. Individual or Joint/Group
Filing (Check Applicable Line) Form filed by One Reporting Person Form filed by More than One Reporting Person |
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(City)
(State) (Zip) |
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned |
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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. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code
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V |
Amount
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(A) or (D) |
Price |
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Common Shares of Beneficial Interest | 02/27/03 | A | 7,538 | A | N/A* | ||||||||||
Common Shares of Beneficial Interest | 53,692 | D |
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). | (Over) | ||
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 Control Number. |
Form 4 (continued) |
Table
II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities) |
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1. Title of Derivative Security (Instr. 3) |
2. Conver- sion or Exer- cise Price of Deriva- tive Security |
3. Trans- action Date (Month/ Day/ Year) |
3A. Deemed Execu- tion Date, if any (Month/ Day/ Year) |
4. Trans- action Code (Instr. 8) |
5. Number of Deri- vative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) |
6. Date Exercis- able (DE) and Expiration Date (ED) (Month/ Day/ Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Deriv- ative Security (Instr. 5) |
9. Number of Deri- vative Securi- ties Benefi- cially Owned Follow- ing Reported Trans- action(s) (Instr. 4) |
10. Owner- ship Form of Deriv- ative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Benefi- cial Owner- ship (Instr. 4) |
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Code |
V
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(A) |
(D)
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DE |
ED |
Title |
Amount or Number of Shares |
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Phantom Stock (1) | 1 for 1 | 2/21/2003 | A | 1,884 | Immediately | Common Shares | 1,884 | 19.90 | |||||||
Phantom Stock (1) | 1 for 1 | 2/27/2003 | A | 2,217 | Immediately | Common Shares | 2,217 | 16.915 | |||||||
Phantom Stock (1) | 1 for 1 | 2/27/2003 | 10,450.991 | D |
Explanation of Responses: |
* Reflects grant of restricted shares, which vest in five equal installments commencing February 27, 2004 and continuing on each successive February 27 until February 27, 2008.
(1) Shares of phantom stock were acquired under the Brandywine Realty Trust Executive Deferred Compensation Plan and are payable in cash following termination of the reporting persons
employment with the issuer or upon reaching a specified age. The reporting persons
account was credited with phantom stock at $19.90 and $16.915 per unit on February
27, 2003 on the account of bonus deferral.
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Brad A. Molotsky | 3/3/2003 | ||
** Signature of Reporting Person | Date |
** | Intentional
misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
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Note: | File three
copies of this Form, one of which must be manually signed. If space is
insufficient, see Instruction 6 for procedure. |
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Potential persons
who are to respond to the collection of information contained in this
form are not required to respond unless the form displays a currently valid OMB Number. |
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