X0202 4 2006-01-31 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 2006-01-31 4 M 0 5000 46.86 A 47595 D Common Shares of Beneficial Interest 9554 I see footnote Option-to-Buy 23.95 2006-01-31 4 M 0 5000 46.86 D 2011-05-09 Common Shares of Beneficial Interest 5000 0 D Total includes 13,735 units in Issuer's Deferred Compensation Plan and 8,000 Restricted Share Units issued pursuant to Issuer's Equity Plan for Outside Trustees. Indirect total of 9,554 shares includes 4,000 in family limited partnership and 5,000 held in trust for children Options were granted on 5/9/2001 and vested at the rate of 25% a year for 4 years, beginning on 5/9/02 /s/ Erin McMahon, Attorney-in-Fact on behalf of Ned Holmes 2006-02-02