Edgar Filing: ENTERTAINMENT PROPERTIES TRUST

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

SILVERS GREGORY K

2. Issuer Name and Ticker or Trading Symbol
ENTERTAINMENT PROPERTIES TRUST [epr]

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

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
VP, CDO & General Counsel

(Last)

(First)

(Middle)

30 W PERSHING RD, STE 201

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2005

(Street)

KANSAS CITY, MO 64108

4. If Amendment, Date 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

(City)

(State)

(Zip)

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 Shares of Beneficial Interest	05/19/2005		C		7,100	A	$ 18.1875	76,310	D
Common Shares of Beneficial Interest	05/19/2005		C		24,000	A	$ 14.125	100,310	D
Common Shares of Beneficial Interest	05/19/2005		C		16,889	A	$ 16.05	117,199	D
Common Shares of Beneficial Interest	05/19/2005		C		18,000	A	$ 22.9	135,199	D
Common Shares of Beneficial Interest	05/19/2005		C		24,179	A	$ 24.86	159,378	D
Common Shares of Beneficial Interest	05/19/2005		S		56,460 ⁽¹⁾	D	$ 45.45 ⁽¹⁾	102,918	D
Common Shares of Beneficial Interest	05/19/2005		A		6,413	A	⁽²⁾	109,331	D
Common Shares of Beneficial Interest	05/19/2005		C		7,052	A	⁽³⁾	113,307 ⁽⁴⁾	D

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Option to Purchase Common Shares of Beneficial Interest

$ 18.1875

05/19/2005

7,100

12/01/1999

12/01/2008

Common Shares of Beneficial Interest

7,100

$ 18.1875

150,439

Option to Purchase Common Shares of Beneficial Interest

$ 14.125

05/19/2005

24,000

01/13/2001

01/13/2010

Common Shares of Beneficial Interest

24,000

$ 14.125

126,439

Option to Purchase Common Shares of Beneficial Interest

$ 16.05

05/19/2005

16,889

05/09/2002

05/09/2011

Common Shares of Beneficial Interest

16,889

$ 16.05

109,550

Option to Purchase Common Shares of Beneficial Interest

$ 22.9

05/19/2005

18,000

04/09/2003

04/09/2012

Common Shares of Beneficial Interest

18,000

$ 22.9

91,550

Option to Purchase Common Shares of Beneficial Interest

$ 24.86

05/19/2005

24,179

03/11/2004

03/11/2013

Common Shares of Beneficial Interest

24,179

$ 24.86

67,371

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SILVERS GREGORY K 30 W PERSHING RD STE 201 KANSAS CITY, MO 64108			VP, CDO & General Counsel

Signatures

/s/ Gregory K. Silvers		05/19/2005
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Assigned to Company in payment of exercised price for options exercised and associated tax withholding payments.
(2)	At the election of the Reporting Person, the Common Shares of Beneficial Interest were issued in lieu of a cash bonus and vest in three annual installments beginning January 1, 2006.
(3)	The Common Shares of Beneficial Interest were granted to the Reporting Person as long-term compensation and vest in five annual installments beginning Janauary 1, 2006.
(4)	The total amount of securities beneficially owned at the end of the month has been reduced by 3,076 shares to reflect the withholding of shares from a restricted share award in payment of withholding taxes related to the award which vested in January 2005.

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