X0202 4 2007-01-01 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 2007-01-01 4 M 0 1324 58.21 A 51387 D Common Shares of Beneficial Interest 9554 I Held by family partnership and child Dividend Equivalent Units 58.21 2007-01-01 4 A 0 355 58.21 A Common Shares 355 2836 D Dividend Equivalent Units 58.21 2007-01-01 4 M 0 1324 58.21 D Common Shares 1324 1512 D 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 10,000 Restricted Stock Units issued pursuant to Issuer's Equity Plan for Outside Trustees. Automatic settlement/exercise, Dividend Equivalent Units convert to shares of ASN common stock on a 1 to 1 basis. Erin McMahon, Attorney-in-Fact on behalf of Ned S. Holmes 2007-01-03