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*
SIEGEL LAURENCE C
(Last) (First) (Middle)
1300 WILSON BLVD., #400
(Street)
ARLINGTON VA 22209
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MILLS CORP [ MLS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
CEO and Chairman
3. Date of Earliest Transaction (Month/Day/Year)
09/06/2005
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 09/06/2005 M(1) 21,806 A $17.75 491,228 D
Common Stock 09/06/2005 S(1) 700 D $59.07 490,528 D
Common Stock 09/06/2005 S(1) 800 D $59.03 489,728 D
Common Stock 09/06/2005 S(1) 200 D $59 489,528 D
Common Stock 09/06/2005 S(1) 100 D $58.98 489,428 D
Common Stock 09/06/2005 S(1) 700 D $58.95 488,728 D
Common Stock 09/06/2005 S(1) 100 D $58.94 488,628 D
Common Stock 09/06/2005 S(1) 100 D $58.93 488,528 D
Common Stock 09/06/2005 S(1) 600 D $58.92 487,928 D
Common Stock 09/06/2005 S(1) 700 D $58.91 487,228 D
Common Stock 09/06/2005 S(1) 900 D $58.9 486,328 D
Common Stock 09/06/2005 S(1) 300 D $58.89 486,028 D
Common Stock 09/06/2005 S(1) 1,500 D $58.88 484,528 D
Common Stock 09/06/2005 S(1) 1,500 D $58.87 483,028 D
Common Stock 09/06/2005 S(1) 1,500 D $58.86 481,528 D
Common Stock 09/06/2005 S(1) 2,200 D $58.85 479,328 D
Common Stock 09/06/2005 S(1) 600 D $58.83 478,728 D
Common Stock 09/06/2005 S(1) 300 D $58.82 478,428 D
Common Stock 09/06/2005 S(1) 2,500 D $58.8 475,928 D
Common Stock 09/06/2005 S(1) 1,100 D $58.79 474,828 D
Common Stock 09/06/2005 S(1) 500 D $58.75 474,328 D
Common Stock 09/06/2005 S(1) 300 D $58.74 474,028 D
Common Stock 09/06/2005 S(1) 600 D $58.72 473,428 D
Common Stock 09/06/2005 S(1) 700 D $58.65 472,728 D
Common Stock 09/06/2005 S(1) 100 D $58.62 472,628 D
Common Stock 09/06/2005 S(1) 800 D $58.61 471,828 D
Common Stock 09/06/2005 S(1) 2,006 D $58.6 469,822 D
Common Stock 09/06/2005 S(1) 400 D $58.73 469,422 D
Common Stock 09/07/2005 M 5,737 A $17.4375 475,159 D
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
Stock Option (right to buy) $17.75 09/06/2005 M 21,806(1) (2) 05/23/2006 Common Stock 21,806 $17.75 109,031 D
Stock Option (right to buy) $17.4375 09/07/2005 M 5,737 (3) 04/01/1999 Common Stock 5,737 $17.4375 0 D
Explanation of Responses:
1. This stock option was exercised and the underlying common stock was sold pursuant to a pre-arranged stock trading plan, which is described in the Current Report on Form 8-K filed with the Securities and Exchange Commission on August 30, 2005.
2. The option vested in five equal installments on April 1, 1997, 1998, 1999, 2000 and 2001.
3. The option vested in the following manner: option to purchase 1 share on each of April 1, 2000, 2001 and 2002 and an option to purchase 5,734 shares on April 1, 2004.
Remarks:
/s/ Laurence C. Siegel 09/08/2005
** 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.