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 *
AUGUST THOMAS F
  2. Issuer Name and Ticker or Trading Symbol
PRENTISS PROPERTIES TRUST/MD [PP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & CEO
(Last)
(First)
(Middle)
3890 W. NORTHWEST HIGHWAY, SUITE 400
3. Date of Earliest Transaction (Month/Day/Year)
01/05/2006
(Street)

DALLAS, TX 75220
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 Shares 01/05/2006   D   194,480 D (1) 0 D  
Commons Shares 01/05/2006   D   251,216 D (2) 0 D  
Common Shares 01/05/2006   D   116,518 D (3) 0 D  

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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
Stock Options $ 28.1 01/05/2006   D/K     12,300   (4) 02/28/2012 Common Shares 12,300 (4) 0 D  
Stock Options $ 29.09 01/05/2006   D/K     70,667   (5) 03/05/2013 Common Shares 70,667 (5) 0 D  
Stock Options $ 34.2 01/05/2006   D/K     84,000   (6) 02/23/2014 Common Shares 84,000 (6) 0 D  
Units of Limited Partnership Interest $ 0 01/05/2006   D/K     30,956   (7) 12/31/2050 Common Shares 30,956 (7) 0 D  
Units of Limited Partnership Interest $ 0 01/05/2006   D/K     55,000   (8) 12/31/2050 Common Shares 55,000 (8) 0 D  
Stock Options $ 34.8 01/05/2006   D     100,000   (9) 02/03/2015 Common Shares 100,000 $ 41.08 0 I By Partnership (10)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
AUGUST THOMAS F
3890 W. NORTHWEST HIGHWAY
SUITE 400
DALLAS, TX 75220
  X     President & CEO  

Signatures

 Gregory S. Imhoff (POA on File) Thomas F. August   01/05/2006
**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) These shares were held in a deferred compensation account and will be exchanged at the option exercise ratio for 281,521 shares of BDN having a market value of $8,150,265 on the date of the merger.
(2) These shares were held directly and will be exchanged for the merger consideration of $21.50 per share and 173,339 shares of BDN having a market value of $5,018,164 on the date of the merger.
(3) These shares were held in certain grantor retained annuity trust and will be exchanged for the merger consideration of $21.50 per share and 80,397 shares of BDN having a market value of $2,327,493 on the date of the merger.
(4) This option, held in a deferred compensation account, which provided for vesting in three equal annual installments beginning on February 28, 2002, was assumed by Brandywine in the merger and replaced with and option to purchase 17,805 common shares of beneficial interest of Brandywine for $19.4114 per common share.
(5) This option, held in a deferred compensation account, which provided for vesting in three equal annual installments beginning on March 5, 2003, was assumed by Brandywine in the merger and replaced with and option to purchase 102,298 common shares of beneficial interest of Brandywine for $18.0229 per common share.
(6) This option, which provided for vesting in three equal annual installments beginning on February 23, 2004, was assumed by Brandywine in the merger and replaced with an option to purchase 121,598 common shares of beneficial interest of Brandywine for $23.6253 per common share.
(7) These redeemable units of limited partnership interest of Prentiss Properties Acquistion Partners, L.P. which were convertible on a one for one basis into common shares of Prentiss Properties Trust, were converted in the merger into 42,716 Class A Units of Brandywine Operating Partnership, L.P. which are each convertible into 1 common share of Brandywine Realty Trust.
(8) These redeemable units of limited partnership interest of Prentiss Properties Acquistion Partners, L.P. which were convertible on a one for one basis into common shares of Prentiss Properties Trust, were converted in the merger into 75,895 Class A Units of Brandywine Operating Partnership, L.P. which are each convertible into 1 common share of Brandywine Realty Trust.
(9) This option, which provided for vesting in three equal annual installments beginning February 3, 2006, was canceled in the merger in exchange for a cash payment of $628,000.00, representing the number of unexercised shares relating to such option times the difference between the per share exercise price of the option and the per share cash value of the merger consideration $41.08 per share.
(10) By Partnership.

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