Sec Form 4 Filing - SMITH JOHN E @ HOME PROPERTIES INC - 2015-10-07

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 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 SMITH JOHN E 2. Issuer Name and Ticker or Trading Symbol HOME PROPERTIES INC [ HME] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Senior Vice President (Last) (First) (Middle) HOME PROPERTIES, INC., 850 CLINTON SQUARE 3. Date of Earliest Transaction (MM/DD/YY) 10/07/2015 (Street) ROCHESTER, NY14604 4. If Amendment, Date Original Filed (MM/DD/YY) 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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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, Par Value $.01 10/07/2015 A 15,188 ( 1 ) A $ 0 84,276 D Common Stock, Par Value $.01 10/07/2015 D 84,276 ( 2 ) D $ 75.23 ( 3 ) 0 D Common Stock, Par Value $.01 10/07/2015 D 1,641 ( 4 ) D $ 75.23 ( 3 ) 0 I 401-K

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Employee Stock Options $ 49.35 10/07/2015 D 3,442 ( 5 ) 05/11/2020 common stock 3,442 $ 25.88 ( 6 ) 0 D Employee Stock Options $ 62.09 10/07/2015 D 9,987 ( 5 ) 05/10/2021 common stock 9,987 $ 13.14 ( 7 ) 0 D Employee Stock Options $ 63.69 10/07/2015 D 14,082 ( 5 ) 05/08/2022 common stock 14,082 $ 11.54 ( 8 ) 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other SMITH JOHN E HOME PROPERTIES, INC. 850 CLINTON SQUARE ROCHESTER, NY14604 Senior Vice President Signatures /s/ John E. Smith, By Ann M. McCormick, attorney-in-fact 10/07/2015 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents shares received for no consideration that were earned based on the achievement of certain performance measures. ( 2 )Includes common shares, restricted shares and restricted stock units. ( 3 )Disposed of pursuant to the merger of Home Properties, Inc. with any into an affiliate of Lone Star Real Estate Fund IV (U.S.), L.P. in exchange for the right to receive $75.23 in cash per share. ( 4 )Balance as of September 30, 2015. ( 5 )Options were fully vested. ( 6 )Disposed of pursuant to the merger of Home Properties, Inc. with and into an affiliate of Lone Star Real Estate Fund IV (U.S.), L.P. in exchange for the right to receive $25.88 per share underlying the stock options, representing the spread between the exercise price and the merger price of $75.23. ( 7 )Disposed of pursuant to the merger of Home Properties, Inc. with and into an affiliate of Lone Star Real Estate Fund IV (U.S.), L.P. in exchange for the right to receive $13.14 per share underlying the stock options, representing the spread between the exercise price and the merger price of $75.23 ( 8 )Disposed of pursuant to the merger of Home Properties, Inc. with and into an affiliate of Lone Star Real Estate Fund IV (U.S.), L.P. in exchange for the right to receive $11.54 per share underlying the stock options, representing the spread between the exercise price and the merger price of $75.23

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).

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