Edgar Filing: FRANKLIN STREET PROPERTIES CORP /MA/

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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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

SILVERSTEIN BARRY

2. Issuer Name and Ticker or Trading Symbol
FRANKLIN STREET PROPERTIES CORP /MA/ [FSP]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

5111 OCEAN BOULEVARD, SUITE C

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2007

(Street)

SARASOTA,, FL 34242

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/03/2007		P		1,100	A	$ 16.05	510,537.5	I	See footnote ⁽¹⁾
Common Stock	08/03/2007		P		1,100	A	$ 16.0499	511,637.5	I	See footnote ⁽¹⁾
Common Stock	08/03/2007		P		1,100	A	$ 16.0396	512,737.5	I	See footnote ⁽¹⁾
Common Stock	08/03/2007		P		1,100	A	$ 16.0382	513,837.5	I	See footnote ⁽¹⁾
Common Stock	08/03/2007		P		1,100	A	$ 16.0358	514,937.5	I	See footnote ⁽¹⁾
Common Stock	08/03/2007		P		3,850	A	$ 16.02	518,787.5	I	See footnote ⁽¹⁾
Common Stock	08/03/2007		P		1,100	A	$ 16.0188	519,887.5	I	See footnote ⁽¹⁾
Common Stock	08/03/2007		P		1,100	A	$ 16.0126	520,987.5	I	See footnote ⁽¹⁾
Common Stock	08/03/2007		P		1,650	A	$ 16.01	522,637.5	I	See footnote ⁽¹⁾
Common Stock	08/03/2007		P		1,100	A	$ 16.0024	523,737.5	I	See footnote ⁽¹⁾
Common Stock	08/03/2007		P		2,200	A	$ 16	525,937.5	I	See footnote ⁽¹⁾
Common Stock	08/03/2007		P		2,200	A	$ 15.98	528,137.5	I	See footnote ⁽¹⁾
Common Stock	08/03/2007		P		2,200	A	$ 15.96	530,337.5	I	See footnote ⁽¹⁾
Common Stock	08/03/2007		P		1,100	A	$ 15.959	531,437.5	I	See footnote ⁽¹⁾
Common Stock	08/03/2007		P		1,550	A	$ 16.05	713,861	I	See footnote ⁽²⁾
Common Stock	08/03/2007		P		1,550	A	$ 16.0499	715,411	I	See footnote ⁽²⁾
Common Stock	08/03/2007		P		1,550	A	$ 16.0396	716,961	I	See footnote ⁽²⁾
Common Stock	08/03/2007		P		1,550	A	$ 16.0382	718,511	I	See footnote ⁽²⁾
Common Stock	08/03/2007		P		1,550	A	$ 16.0358	720,061	I	See footnote ⁽²⁾
Common Stock	08/03/2007		P		5,425	A	$ 16.02	725,486	I	See footnote ⁽²⁾
Common Stock	08/03/2007		P		1,550	A	$ 16.0188	727,036	I	See footnote ⁽²⁾
Common Stock	08/03/2007		P		1,550	A	$ 16.0126	728,586	I	See footnote ⁽²⁾
Common Stock	08/03/2007		P		2,325	A	$ 16.01	730,911	I	See footnote ⁽²⁾
Common Stock	08/03/2007		P		1,550	A	$ 16.0024	732,461	I	See footnote ⁽²⁾
Common Stock	08/03/2007		P		3,100	A	$ 16	735,561	I	See footnote ⁽²⁾
Common Stock	08/03/2007		P		3,100	A	$ 15.98	738,661	I	See footnote ⁽²⁾
Common Stock	08/03/2007		P		3,100	A	$ 15.96	741,761	I	See footnote ⁽²⁾
Common Stock	08/03/2007		P		1,550	A	$ 15.959	743,311	I	See footnote ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SILVERSTEIN BARRY 5111 OCEAN BOULEVARD, SUITE C SARASOTA,, FL 34242	X

Signatures

/s/ Barry Silverstein		08/07/2007
^**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)	Shares held by Silverstein Investments Limited Partnership II attributable to a trust for the benefit of two of Mr. Silverstein's children. Mr. Silverstein disclaims beneficial ownership of the shares attributable to these children, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or any other purpose.
(2)	Shares held by MSTB Family Limited Partnership. Mr. Silverstein is a general partner of MSTB Family Limited Partnership and has sole dispositive and sole voting power of these shares. 99% of the shares beneficially owned by this partnership are attributable to three trusts for the benefit of Mr. Silverstein's adult children. Mr. Silverstein disclaims beneficial ownership of the shares attributable to the trusts for these children, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such shares for purposes of Section 16 or any other purpose.

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