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At its regularly scheduled meeting on August 25, 2010, the board of directors of BioMed Realty Trust, Inc. approved stock ownership guidelines for its executive officers and non-employee members of its board of directors in furtherance of the company’s efforts to maintain best corporate governance practices, as more fully described in Item 8.01 below. In addition, on August 25, 2010, the compensation committee of the board of directors adopted a plan setting forth the terms of severance benefits for certain employees of the company, including Greg N. Lubushkin, the company’s Chief Financial Officer. The company’s remaining executive officers are not participants in the severance plan, as their severance benefits are provided under their respective employment agreements.

Pursuant to the severance plan, an eligible employee who is terminated other than for “cause,” regardless of the timing of such termination, or resigns with “good reason” within twelve months following a “change in control” (as such terms are defined in the plan), will receive cash severance benefits and the immediate vesting of certain equity awards, in amounts based on the employee’s position at the company, the number of years he or she has worked at the company and other designated circumstances, up to stated maximums.

The foregoing description of the severance plan does not purport to be complete and is qualified in its entirety by reference to the full text of the severance plan, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

Item 8.01 Other Events.

On August 25, 2010, the company’s board of directors approved stock ownership guidelines for the company’s executive officers and non-employee members of its board of directors.

The guidelines provide that the company’s executive officers are expected to, within five years of the later of August 25, 2010 or the date on which such person is appointed to his or her position, own shares of the company’s common stock or securities convertible or exchangeable into shares of the company’s common stock with a market value of no less than six times current annual base salary with respect to the Chief Executive Officer and no less than three times current annual base salary with respect to the other executive officers.

Under the guidelines, each member of the board of directors who is not an employee of the company is expected to, within five years of the later of August 25, 2010 or the date on which such person is appointed to the board, own shares of the company’s common stock or securities convertible or exchangeable into shares of the company’s common stock with a market value of no less than five times his or her current annual cash retainer for serving as a member of the board of directors, exclusive of chairperson, committee or meeting fees.

Item 9.01 Financial Statements and Exhibits.

(d) The following exhibits are filed herewith:

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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