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 *
WALLIS W MARK
  2. Issuer Name and Ticker or Trading Symbol
UDR, Inc. [UDR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr Exec Vice President
(Last)
(First)
(Middle)
1745 SHEA CENTER DRIVE, SUITE 200
3. Date of Earliest Transaction (Month/Day/Year)
05/10/2006
(Street)

HIGHLANDS RANCH, CO 80129
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)
Code V Amount (A) or (D) Price
Common Stock 03/05/2009   J   263,904 A $ 0 424,099 D  
Common Stock 03/05/2009   J   32,679 A $ 0 32,679 I Wallis LLC

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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
LLC Units $ 0 (1) 05/10/2006   D     2,407 (2) 06/01/2004   (3) Common Stock 3,632 $ 0 165,442 D  
LLC Units $ 0 (1) 01/02/2007   D     3,933 (4) 06/01/2004   (3) Common Stock 5,935 $ 0 161,509 D  
LLC Units $ 0 (1) 01/29/2009   J   13,363 (5)   06/01/2004   (3) Common Stock 20,167 $ 0 174,872 D  
LLC Units $ 0 (1) 03/05/2009   J     174,872 (6) 06/01/2004   (3) Common Stock 263,904 $ 0 0 D  
LLC Units $ 0 (1) 01/29/2009   J   1,654 (7)   06/01/2004   (3) Common Stock 2,497 $ 0 21,654 I Wallis LLC
LLC Units $ 0 (1) 03/05/2009   J     21,654 (8) 06/01/2004   (3) Common Stock 32,679 $ 0 0 I Wallis LLC

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WALLIS W MARK
1745 SHEA CENTER DRIVE
SUITE 200
HIGHLANDS RANCH, CO 80129
      Sr Exec Vice President  

Signatures

 W. Mark Wallis   03/18/2009
**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) There is no conversion price for these securities.
(2) On May 10, 2006, the reporting person exchanged 2,407 Series A OPPS for 150,000 Series D OPPS, which never vested.
(3) There is no expiration date for these securities.
(4) On January 2, 2007, the reporting person exchanged 3,933 Series A OPPS for 172,500 Series E OPPS which will be valued for vesting on December 31, 2009.
(5) As a result of a special dividend declared November 10, 2008, and paid January 29, 2009, to all stockholders of record on December 9, 2008, the reporting person received these additional limited partnership units of United Dominion Realty, L.P. ("UDRLP"), which the reporting person received in connection with the dissolution of UDR Out-Performance I, LLC in December 2007.
(6) On March 5, 2009, the reporting person received 263,904 shares of common stock upon the conversion of 174,872 limited partnership units of UDRLP, which the reporting person received in connection with the dissolution of UDR Out-Performance I, LLC in December 2007.
(7) As a result of a special dividend declared November 10, 2008, and paid January 29, 2009, to all stockholders of record on December 9, 2008, the reporting person received these additional limited partnership units of UDRLP.
(8) On March 5, 2009, the reporting person received 32,679 shares of common stock upon the conversion of 21,654 limited partnership units of UDRLP, which the reporting person received in connection with the dissolution of UDR Out-Performance I, LLC in December 2007.

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