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 *
LUKEN ROBERT
  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 (Month/Day/Year)
10/07/2015
(Street)

ROCHESTER, NY 14604
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, Par Value $.01 10/07/2015   A   12,026 (1) A $ 0 35,659 D  
Common Stock, Par Value $.01 10/07/2015   D   35,659 (2) D $ 75.23 (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
Employee Stock Options $ 51.06 10/07/2015   D     10,000   (4) 05/04/2016 common stock 10,000 $ 24.17 (5) 0 D  
Employee Stock Options $ 55.5 10/07/2015   D     11,870   (4) 05/01/2017 common stock 11,870 $ 19.73 (6) 0 D  
Employee Stock Options $ 52.56 10/07/2015   D     15,007   (4) 05/01/2018 common stock 15,007 $ 22.67 (7) 0 D  
Employee Stock Options $ 33.9 10/07/2015   D     18,529   (4) 05/11/2019 common stock 18,529 $ 41.33 (8) 0 D  
Employee Stock Options $ 49.35 10/07/2015   D     13,647   (4) 05/11/2020 common stock 13,647 $ 25.88 (9) 0 D  
Employee Stock Options $ 62.09 10/07/2015   D     6,532   (4) 05/10/2021 common stock 6,532 $ 13.14 (10) 0 D  
Employee Stock Options $ 63.69 10/07/2015   D     8,047   (4) 05/08/2022 common stock 8,047 $ 11.54 (11) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LUKEN ROBERT
HOME PROPERTIES, INC.
850 CLINTON SQUARE
ROCHESTER, NY 14604
      Senior Vice President  

Signatures

 /s/ Robert J. Luken, By Ann M. McCormick, attorney-in-fact   10/07/2015
**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) 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, including those earned pursuant to performance-based measures.
(3) 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 $75.23 in cash per share.
(4) Options were fully vested.
(5) 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 $24.17 per share underlying the stock options, representing the spread between the exercise price and the merger price of $75.23.
(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 $19.73 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 $22.67 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 $41.33 per share underlying the stock options, representing the spread between the exercise price and the merger price of $75.23.
(9) 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.
(10) 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.
(11) 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.

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