SEC Form 4

FORM 4		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 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* STROHM BRUCE C (Last) (First) (Middle) TWO NORTH RIVERSIDE PLAZA, SUITE 400 (Street) CHICAGO IL 60606 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol EQUITY RESIDENTIAL [ EQR ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) General Counsel, Executive Vic
	3. Date of Earliest Transaction (Month/Day/Year) 09/30/2003
	4. If Amendment, Date of 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

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 of Beneficial Interest								79,390(1)	D
Common Shares of Beneficial Interest								4,000(2)	I	Custodian
Common Shares of Beneficial Interest								78,984(3)	I	SERP Account
Common Shares of Beneficial Interest	09/30/2003		M		11,800	A	$21.0625	11,800(4)	I	Revocable Trust
Common Shares of Beneficial Interest	09/30/2003		S		11,800	D	$29.3064	0(4)	I	Revocable Trust
Common Shares of Beneficial Interest	10/01/2003		M		13,200	A	$21.0625	13,200(4)	I	Revocable Trust
Common Shares of Beneficial Interest	10/01/2003		S		13,200	D	$29.3	0(4)	I	Revocable Trust
Series C Preferred Shares of Beneficial Interest								2,400	D
Series C Preferred Shares of Beneficial Interest								2,000(3)	I	SERP Account
Series C Preferred Shares of Beneficial Interest								2,400(4)	I	Revocable Trust

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 Securities Underlying Derivative Security (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: 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
Non-Qualified Stock Option (right to buy)	$21.0625	09/30/2003		M			11,800	01/24/2001	01/24/2010	Common Shares of Beneficial Interest	11,800	$29.3064	35,684(5)	I	Revocable Trust
Non-Qualified Stock Option (right to buy)	$21.0625	10/01/2003		M			13,200	01/24/2001	01/24/2010	Common Shares of Beneficial Interest	13,200	$29.3	22,484(5)	I	Revocable Trust
Non-Qualified Stock Option (right to buy)	$23.55							02/07/2004	02/07/2013	Common Shares of Beneficial Interest	63,816		63,816(6)	I	Revocable Trust
Non-Qualified Stock Option (right to buy)	$25.3438							01/07/2001	01/07/2008	Common Shares of Beneficial Interest	80,000		80,000(5)	I	Revocable Trust
Non-Qualified Stock Option (right to buy)	$25.844							01/18/2002	01/18/2011	Common Shares of Beneficial Interest	53,194		53,194(7)	I	Revocable Trust
Non-Qualified Stock Option (right to buy)	$27.2							01/16/2003	01/16/2012	Common Shares of Beneficial Interest	54,692		54,692(8)	I	Revocable Trust
Non-Qualified Stock Option (right to buy)	$27.6							07/11/2002	07/11/2011	Common Shares of Beneficial Interest	65,000		65,000(9)	I	Revocable Trust

Explanation of Responses:

1. Shares reported on this line are owned directly and some of the shares are subject to vesting.

2. Shares reported herein are beneficially owned by Mr. Strohm, not individually, but as custodian for his minor children. Mr. Strohm disclaims beneficial ownership of the shares reported herein.

3. Shares reported herein are owned by The Security Trust Company, as Trustee of the Equity Residential Supplemental Retirement Plan for the benefit of the Reporting Person.

4. Shares reported herein are indirectly held by Mr. Strohm in the Bruce Strohm Revocable Trust dated May 12, 1993.

5. Share options reported on this line are indirectly held by Mr. Strohm in the Bruce Strohm Revocable Trust dated May 12, 1993 and are fully exercisable.

6. 21,272 share options reported herein will become exercisable on February 7, 2004; 21,272 share options will become exercisable on February 7, 2005; and 21,272 share options will become exercisable on February 7, 2006.

7. Share options reported on this line are indirectly held by Mr. Strohm in the Bruce Strohm Revocable Trust dated May 12, 1993. 35,462 share options are currently exercisable; and 17,732 share options will become exercisable on Janaury 18, 2004.

8. Share options reported on this line are indirectly held by Mr. Strohm in the Bruce Strohm Revocable Trust dated May 12, 1993. 18,230 share options reported herein are currently exercisable; 18,231 share options will become exercisable on January 16, 2004; and 18,231 share options will become exercisable on January 16, 2005.

9. Share options reported on this line are held indirectly by Mr. Strohm in the Bruce Strohm Revocable Trust dated May 12, 1993. One-third of the options are currently exercisable; one-third will become exercisable on July 11, 2003; and one-third will become exercisable on July 11, 2004.

	Bruce C Strohm	10/01/2003
	** Signature of Reporting Person	Date
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).
** 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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