Form 4 Miller Brian A

4 - Statement of changes in beneficial ownership of securities

Published: 2006-02-28 19:54:32
Submitted: 2006-02-28
Period Ending In: 2006-02-24
edgar.html FORM 4 -


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SEC FORM 4

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*
miller brian a

(Last) (First) (Middle)
4300 WILSON BOULEVARD

(Street)
ARLINGTON VA 22203

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
AES CORP [ AES ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, General Counsel and Secy
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2006
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 Stock 02/24/2006 A 1,073(1) A $17.58 14,038 I By 401(K) Plan
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
Restricted Stock Units (2) 02/24/2006 A 13,296 (2) (2) Common Stock 13,296 (2) 28,812 D
Units (3) 02/27/2006 A 1,472 (3) (3) Common Stock 1,472 $17.66 1,884 D
Stock Option Grant (right to buy) $17.58 02/24/2006 A 27,036 (4) (4) Common Stock 27,036 $17.58 111,297 D
Explanation of Responses:
1. This 11% (of base salary) discretionary retirement savings award was granted pursuant to The AES Retirement Savings Plan (the "Plan") as determined by The AES Corporation Board of Directors on February 24, 2006 subject to applicable IRS contribution limits. The closing stock price on February 24, 2006 was used to determine the number of shares awarded. January 2006 contributions to the Plan are also included.
2. This restricted stock unit award ("RSU") was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will vest in three equal installments beginning on February 24, 2007, if certain continuing employment and performance conditions are satisfied. If such conditions are satisfied, each RSU entitles the holder to one share of AES Common stock or the cash equivalent at the discretion of The AES Corporation on January 1, 2011 or as soon as administratively practicable thereafter.
3. These units are awarded pursuant to the Restoration Supplemental Plan ("Restoration Plan"). The total number of units reflects the total of this award under the Restoration Plan and the existing balances in both the Restoration Plan and The AES Corporation Supplemental Retirement Plan (the "Plan"). The Plan was frozen in 2004 and no subsequent contributions have been made to it. Units under these plans will be paid in accordance with Section 409(A) of the Internal Revenue Code and the terms of the relevant plan documents. Each unit is initially equal to one share of AES Common stock and units under the plansare 100% vested upon award.
4. This stock option award was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will vest in three equal annual installments if certain continuing employment conditions are satisfied. If such conditions are satisfied, the first installment becomes exercisable on February 24, 2007, and the next two installments become exercisable on February 24, 2008 and February 24, 2009, respectively.
Brian A. Miller 02/28/2006
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
1
edgar.xml FORM 4 -
Schema Version:
X0202
Document Type:
4
Period Of Report:
2006-02-24
Not Subject To Section16:
0

Issuer

Issuer Cik
0000874761
Issuer Name
AES CORP
Issuer Trading Symbol
AES

Reporting Owner

Reporting Owner Id

Rpt Owner Cik
0001348872
Rpt Owner Name
miller brian a

Reporting Owner Address

Rpt Owner Street1
4300 WILSON BOULEVARD
Rpt Owner City
ARLINGTON
Rpt Owner State
VA
Rpt Owner Zip Code
22203

Reporting Owner Relationship

Is Director
0
Is Officer
1
Is Ten Percent Owner
0
Is Other
0
Officer Title
VP, General Counsel and Secy

Non Derivative Transaction

Security Title
Common Stock
Transaction Date
2006-02-24

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares

Value
1073
@attributes Id
F1
Transaction Price Per Share
17.58
Transaction Acquired Disposed Code
A
Shares Owned Following Transaction
14038

Ownership Nature

Direct Or Indirect Ownership
I
Nature Of Ownership
By 401(K) Plan

Derivative Transaction

Security Title
Restricted Stock Units
@attributes Id
F2
Transaction Date
2006-02-24

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares
13296
@attributes Id
F2
Transaction Acquired Disposed Code
A
@attributes Id
F2
@attributes Id
F2

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
13296
Shares Owned Following Transaction
28812
Direct Or Indirect Ownership
D
Security Title
Units
@attributes Id
F3
Transaction Date
2006-02-27

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares
1472
Transaction Price Per Share
17.66
Transaction Acquired Disposed Code
A
@attributes Id
F3
@attributes Id
F3

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
1472
Shares Owned Following Transaction
1884
Direct Or Indirect Ownership
D
Security Title
Stock Option Grant (right to buy)
Conversion Or Exercise Price
17.58
Transaction Date
2006-02-24

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares
27036
Transaction Price Per Share
17.58
Transaction Acquired Disposed Code
A
@attributes Id
F4
@attributes Id
F4

Underlying Security

Underlying Security Title
Common Stock
Underlying Security Shares
27036
Shares Owned Following Transaction
111297
Direct Or Indirect Ownership
D

Footnote

0
This 11% (of base salary) discretionary retirement savings award was granted pursuant to The AES Retirement Savings Plan (the "Plan") as determined by The AES Corporation Board of Directors on February 24, 2006 subject to applicable IRS contribution limits. The closing stock price on February 24, 2006 was used to determine the number of shares awarded. January 2006 contributions to the Plan are also included.
1
This restricted stock unit award ("RSU") was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will vest in three equal installments beginning on February 24, 2007, if certain continuing employment and performance conditions are satisfied. If such conditions are satisfied, each RSU entitles the holder to one share of AES Common stock or the cash equivalent at the discretion of The AES Corporation on January 1, 2011 or as soon as administratively practicable thereafter.
2
These units are awarded pursuant to the Restoration Supplemental Plan ("Restoration Plan"). The total number of units reflects the total of this award under the Restoration Plan and the existing balances in both the Restoration Plan and The AES Corporation Supplemental Retirement Plan (the "Plan"). The Plan was frozen in 2004 and no subsequent contributions have been made to it. Units under these plans will be paid in accordance with Section 409(A) of the Internal Revenue Code and the terms of the relevant plan documents. Each unit is initially equal to one share of AES Common stock and units under the plansare 100% vested upon award.
3
This stock option award was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will vest in three equal annual installments if certain continuing employment conditions are satisfied. If such conditions are satisfied, the first installment becomes exercisable on February 24, 2007, and the next two installments become exercisable on February 24, 2008 and February 24, 2009, respectively.

Owner Signature

Signature Name
Brian A. Miller
Signature Date
2006-02-28
Additional Files
FileSequenceDescriptionTypeSize
0001179110-06-005094.txt   Complete submission text file   13197
$AES

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