SEC FORM 4/A

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

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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^*

SELLERS R SCOT

(Last)

(First)

(Middle)

9200 E. PANORAMA CIRCLE

SUITE 400

(Street)

ENGLEWOOD

80112

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ARCHSTONE SMITH TRUST [ ASN ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Trustee and CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)
01/10/2006

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)
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 Shares of Beneficial Interest	01/06/2006		M		4,700⁽¹⁾	A	$22.0625	305,361	D
Common Shares of Beneficial Interest	01/06/2006		S		4,700⁽¹⁾	D	$44.57	300,661	D
Common Shares of Beneficial Interest	01/06/2006		M		300⁽¹⁾	A	$22.0625	300,961	D
Common Shares of Beneficial Interest	01/06/2006		S		300⁽¹⁾	D	$44.58	300,661	D
Common Shares of Beneficial Interest	01/06/2006		M		6,100⁽¹⁾	A	$22.0625	306,761	D
Common Shares of Beneficial Interest	01/06/2006		S		6,100⁽¹⁾	D	$44.59	300,661	D
Common Shares of Beneficial Interest	01/06/2006		M		2,497⁽¹⁾	A	$22.0625	303,158	D
Common Shares of Beneficial Interest	01/06/2006		S		2,497⁽¹⁾	D	$44.61	300,661⁽²⁾	D
Common Shares of Beneficial Interest								250	I	Held in trust for child

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option-to-Buy	$22.0625	01/06/2006		M			4,700⁽¹⁾	08/08/1988⁽³⁾	09/08/2007	Common Shares	4,700	$22.0625	8,897	D
Option-to-Buy	$22.0625	01/06/2006		M			300⁽¹⁾	08/08/1988⁽³⁾	09/08/2007	Common Shares	300	$22.0625	8,597	D
Option-to-Buy	$22.0625	01/06/2006		M			6,100⁽¹⁾	08/08/1988⁽³⁾	09/08/2007	Common Shares	6,100	$22.0625	2,497	D
Option-to-Buy	$22.0625	01/06/2006		M			2,497⁽¹⁾	08/08/1988⁽³⁾	09/08/2007	Common Shares	2,497	$22.0625	0	D

Explanation of Responses:

1. Exercise and sale made pursuant to 10b5-1 plan filed by Mr. Sellers.

2. Total direct includes 219,476 Restricted Stock Units awarded under Issuer's Long Term Incentive Plan

3. Option granted on 9/8/97 vested at the rate of 25% a year over 4 years, beginning on 9/8/99.

Remarks:

THIS AMENDMENT IS BEING FILED TO CORRECT FOOTNOTE #3 ONLY. Exercise and sales are made pursuant to 10b5-1 plan filed by Mr. Sellers.

	/s/ Erin McMahon, Attorney-in-Fact on behalf of R. Scot Sellers	01/11/2006
	** 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).
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