X0202 4 2008-03-26 0000922864 APARTMENT INVESTMENT & MANAGEMENT CO AIV 0001035261 ELLWOOD RICHARD S P.O. BOX 530 RUMSON NJ 07760 1 0 0 0 Class A Common Stock 2008-01-30 5 J 0 1728 0 A 33353 D Class A Common Stock 2008-01-30 5 J 0 369 0 A 7869 I IRA Class A Common Stock 2008-01-30 5 J 0 12 0 A 212 I Charitable Trust Class A Common Stock 2008-01-30 5 J 0 49 0 A 1049 I By Wife Class A Common Stock 2008-03-26 4 M 0 3159 36.21 A 36512 D Class A Common Stock 2008-03-26 4 S 0 3159 38.5118 D 33353 D Stock Option (right to buy) 45.68 2003-04-26 2012-04-26 Class A Common Stock 10529 10529 D Stock Option (right to buy) 45.24 2002-01-24 2011-01-24 Class A Common Stock 10529 10529 D Stock Option (right to buy) 37.99 2001-04-19 2010-04-19 Class A Common Stock 3159 3159 D Stock Option (right to buy) 37.93 2000-04-22 2009-04-22 Class A Common Stock 3159 3159 D Stock Option (right to buy) 36.21 1999-05-08 2008-05-08 Class A Common Stock 3159 3159 D Stock Option (right to buy) 36.21 2008-03-26 4 M 0 3159 D 1999-05-08 2008-05-08 Class A Common Stock 3159 0 D As a result of a special dividend declared December 21, 2007, and paid January 30, 2008, to all stockholders of record on December 31, 2007, the reporting person received these additional shares. The reporting person disclaims beneficial ownership of the shares held by the charitable trust. The reporting person disclaims beneficial ownership of the shares held by the reporting person's wife. Pursuant to the anti-dilution provisions of the plan pursuant to which the option was granted, the number of shares subject to the option and the strike price of the option have been adjusted to reflect the special dividend paid January 30, 2008, to all stockholders of record on December 31, 2007. Award for director compensation; price column not applicable. Richard S. Ellwood 2008-03-28