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

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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^*

MUTZ GREGORY T

(Last)

(First)

(Middle)

125 SOUTH WACKER DRIVE

SUITE 3100

(Street)

CHICAGO

60606-

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
AMLI RESIDENTIAL PROPERTIES TRUST [ AML ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chairman

3. Date of Earliest Transaction (Month/Day/Year)
01/10/2006

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 Shares/Beneficial Int.	01/10/2006		M		11,667	A	$20.8125	278,595.8694	D
Common Shares/Beneficial Int.	01/10/2006		M		2,667	A	$23.06	281,262.8694	D
Common Shares/Beneficial Int.	01/10/2006		M		2,667	A	$23.1562	283,929.8694	D
Common Shares/Beneficial Int.	01/11/2006		J⁽¹⁾		965.7688	A	$0	284,895.6382	D
Common Shares/Beneficial Int.								33,600	I	Carol J. Simmons Mutz Residual Trust
Common Shares/Beneficial Int.								4,800	I	Emily Foley Mutz Residuary Trust
Common Shares/Beneficial Int.								8,400	I	Estate of Emily Foley Mutz
Common Shares/Beneficial Int.								10,900	I	Mutz 1993 Family Trust
Common Shares/Beneficial Int.								887	I	Nora Flynn Parry
Common Shares/Beneficial Int.								77,890	I	Rock Ridge Investments, LLC
Common Shares/Beneficial Int.								1,400	I	SBA Investments Ltd.
Common Shares/Beneficial Int.								1,400	I	TCWM Investments Ltd.
Common Shares/Beneficial Int.								1,800	I	Thomas R. Mutz Family Trust
Common Shares/Beneficial Int.								2,300	I	Thomas R. Mutz GST Exempt
Common Shares/Beneficial Int.								54,900	I	Thomas R. Mutz Marital Trust

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 Common Shares	$20.8125	01/10/2006		M			11,667	11/01/2002	11/01/2009	Common Shares/Beneficial Int.	11,667	$20.8125	0	D
Option to Buy Common Shares	$23.06	01/10/2006		M			2,667	10/29/2004	10/29/2011	Common Shares/Beneficial Int.	2,667	$23.06	1,333	D
Option to Buy Common Shares	$23.1562	01/10/2006		M			2,667	10/30/2003	10/30/2010	Common Shares/Beneficial Int.	2,667	$23.1562	0	D

Explanation of Responses:

1. Adjustment to reflect exempt 401(k) and dividend re-investment (DRIP) purchases 5/02/05 - 1/11/06.

	Charlotte A. Sparrow, by Power of Attorney	01/12/2006
	** 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.