X0202 4 2005-02-15 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 2005-02-15 4 A 0 4000 A 19825 D Award for director compensation; price column not applicable. In addition to these 19,825 shares held directly by the reporting person, the reporting person holds indirectly 7,700 shares. Of those 7,700 shares held indirectly by the reporting person, 7,500 are held in an IRA belonging to the reporting person and 200 shares are held by a charitable trust for which shares the reporting person disclaims beneficial ownership. In addition, the reporting person's wife holds 1,000 shares, for which shares the reporting person disclaims beneficial ownership. Richard S. Ellwood 2005-02-17