X0202 4 2005-12-31 0 0001156826 ARCHSTONE SMITH TRUST ASN 0001136856 HOLMES NED S 9200 E. PANORAMA CIRCLE SUITE 400 ENGLEWOOD CO 80112 0 0 0 1 Trustee Common Shares of Beneficial Interest 2005-12-31 4 A 0 499 41.89 A 42595 D Common Shares of Beneficial Interest 9554 I see footnote 1 Dividend Equivalent Units 41.89 2006-01-01 4 A 0 567 41.89 D Common Shares of Beneficial Interest 567 2480 D Total indirect includes 4,000 in family limited partnership and 5,554 held in trust for children Dividend Equivalent Units accrue on certain option and Restricted Stock Unit grants and vest at the same rate as the underlying grant. Upon settlement DEUs convert to shares of ASN common stock on a 1 to 1 basis and are valued at that time. DEUs have no expiration date. Direct total includes 13735 units in Issuer's Deferred Compensation Plan and 8,000 Restricted Stock Units issued pursuant to Issuer's Equity Plan for Outside Trustees Trustee fees deferred into shares units pursuant to Issuer's Deferred Compensation Plan. /s/ Erin McMahon, Attorney-in-Fact on behalf of Ned Holmes 2006-01-04