X0303 5 2008-12-31 0 0 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 2008-12-01 5 J 0 7059 0 A 40303 D Class A Common Stock 2008-12-01 5 J 0 1209 0 A 9736 I IRA Class A Common Stock 2008-12-01 5 J 0 48 0 A 277 I Charitable Trust Class A Common Stock 2008-12-01 5 J 0 161 0 A 1297 I By Wife Stock Option (right to buy) 33.23 2009-04-22 Class A Common Stock 3606 3606 D Stock Option (right to buy) 33.28 2010-04-19 Class A Common Stock 3606 3606 D Stock Option (right to buy) 39.63 2011-01-24 Class A Common Stock 12018 12018 D Stock Option (right to buy) 40.01 2012-04-26 Class A Common Stock 12018 12018 D As a result of a special dividend declared October 16, 2008, and paid December 1, 2008, to all stockholders of record on October 27, 2008 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. The option is fully vested. 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 dividends paid January 30, 2008, August 29, 2008, and December 1, 2008, to all stockholders of record on December 31, 2007, July 28, 2008, and October 27, 2008, respectively. Richard S. Ellwood 2009-02-04