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^*

LURASCHI WILLIAM R

(Last)

(First)

(Middle)

C/O THE AES CORPORATION

4300 WILSON BOULEVARD

(Street)

ARLINGTON

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)
	ExecVP Corp Dev and Strategy

3. Date of Earliest Transaction (Month/Day/Year)
05/17/2006

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)
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	05/17/2006		M		132,627	A	$2.83	132,627	D
Common Stock	05/17/2006		M		29,158	A	$2.83	161,785	D
Common Stock	05/17/2006		S		400⁽¹⁾	D	$17.82	161,385	D
Common Stock	05/17/2006		S		100⁽¹⁾	D	$17.81	161,285	D
Common Stock	05/17/2006		S		1,600⁽¹⁾	D	$17.8	159,685	D
Common Stock	05/17/2006		S		1,300⁽¹⁾	D	$17.79	158,385	D
Common Stock	05/17/2006		S		800⁽¹⁾	D	$17.78	157,585	D
Common Stock	05/17/2006		S		3,500⁽¹⁾	D	$17.77	154,085	D
Common Stock	05/17/2006		S		12,500⁽¹⁾	D	$17.78	141,585	D
Common Stock	05/17/2006		S		3,200⁽¹⁾	D	$17.75	138,385	D
Common Stock	05/17/2006		S		900⁽¹⁾	D	$17.74	137,485	D
Common Stock	05/17/2006		S		1,700⁽¹⁾	D	$17.73	135,785	D
Common Stock	05/17/2006		S		4,000⁽¹⁾	D	$17.72	131,785	D
Common Stock	05/17/2006		S		3,500⁽¹⁾	D	$17.71	128,285	D
Common Stock	05/17/2006		S		13,400⁽¹⁾	D	$17.7	114,885	D
Common Stock	05/17/2006		S		10,600⁽¹⁾	D	$17.69	104,285	D
Common Stock	05/17/2006		S		4,800⁽¹⁾	D	$17.68	99,485	D
Common Stock	05/17/2006		S		11,800⁽¹⁾	D	$17.67	87,685	D
Common Stock	05/17/2006		S		11,885⁽¹⁾	D	$17.66	75,800	D
Common Stock	05/17/2006		S		14,900⁽¹⁾	D	$17.65	60,900	D
Common Stock	05/17/2006		S		14,600⁽¹⁾	D	$17.64	46,300	D
Common Stock	05/17/2006		S		8,900⁽¹⁾	D	$17.63	37,400	D
Common Stock	05/17/2006		S		7,900⁽¹⁾	D	$17.62	29,500	D
Common Stock	05/17/2006		S		11,700⁽¹⁾	D	$17.61	17,800	D
Common Stock	05/17/2006		S		9,400⁽¹⁾	D	$17.6	8,400	D
Common Stock	05/17/2006		S		3,200⁽¹⁾	D	$17.59	5,200	D
Common Stock	05/17/2006		S		1,900⁽¹⁾	D	$17.58	3,300	D
Common Stock	05/17/2006		S		1,400⁽¹⁾	D	$17.57	1,900	D
Common Stock	05/17/2006		S		1,900⁽¹⁾	D	$17.56	0	D
Common Stock								46,126⁽⁴⁾	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)
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)
Stock Option Grant (Right to buy)	$2.83	05/17/2006		M		132,627		⁽²⁾	02/12/2013	Common Stock	132,627	$2.83	0	D
Stock Option Grant (Right to buy)	$2.83	05/17/2006		M		29,158		⁽³⁾	05/01/2013	Common Stock	29,158	$2.83	0	D

Explanation of Responses:

1. Shares resulting from Mr. Luraschi's stock option exercises were sold pursuant to a Rule 10b5-1 Sales Plan dated February 17, 2006.

2. This option vested in two equal installments; 50% vested on 02/12/2004 and the remaining 50% vested on 02/12/2005.

3. This option vested in two equal installments; 50% vested on 05/01/2004 and the remaining 50% vested on 05/01/2005.

4. Between 02/24/2006 and 05/12/2006, Mr. Luraschi acquired 537 shares of AES Common stock at an average price of $16.78 pursuant to The AES Retirement Savings Plan. This report is based on a plan statement dated 05/12/2006.

Remarks:

This is the third of three filings for Mr. Luraschi's 05/17/2006 transactions.

	William R. Luraschi	05/19/2006
	** 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.