X0202 4 2006-04-01 1 0001045609 AMB PROPERTY CORP AMB 0001213053 FREEDMAN BRUCE H C/O AMB PROPERTY CORPORATION PIER 1, BAY 1 SAN FRANCISCO CA 94111 0 1 0 0 Executive VP Common Stock 2006-04-01 4 D 0 23112 D 136242 D Stock Units 2006-04-01 4 A 0 23112 A 136242 I Rabbi Trust Common Stock 2006-04-01 4 F 0 15051 54.27 D 121191 D Upon vesting of the 23,112 shares of restricted stock on 4/1/06, the reporting person deferred these shares into the Amended and Restated AMB Nonqualified Deferred Compensation Plan (the "Plan"). The deferral of these shares was credited to the reporting person's account in the form of an equivalent number of stock units, each of which represents the reporting person's right to receive a share of AMB common stock upon distribution of his account. Distribution will occur upon retirement, death, other termination of employment or disability, upon AMB's change of control or on such other date as the reporting person elects. Not applicable. The stock units are held indirectly through a rabbi trust pursuant to the Plan. Shares withheld upon release of restricted stock to cover taxes owing. Of the 121,191 securities beneficially owned, 23,764 are directly held (D) and 49,467 securities are indirectly held (I) as co-trustee for the Bruce H. Freedman Revocable Trust dated 5/28/03, and 47,960 securities are held indirectly (I) through a rabbi trust pursuant to the Amended and Restated AMB Nonqualified and Deferred Compensation Plan. /s/ Tamra Browne pursuant to a power of attorney dated 01/27/2003 2006-04-04