X0202 4 2007-10-05 1 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 2007-10-05 4 D 0 53448 60.75 D 0 D Common Shares of Beneficial Interest 2007-10-05 4 D 0 4000 60.75 D 0 I Held in family limited partnership Common Shares of Beneficial Interest 2007-10-05 4 D 0 5554 60.75 D 0 I Held by child Dividend Equivalent Units 2007-10-05 4 D 0 1450 D Common Shares 1450 0 D Direct total includes 11,500 Restricted Stock Units and 41,948 common shares, all of which were disposed of pursuant to a merger agreement between Issuer and affiliates of Tishman Speyer Real Estate Venture VII, L.P. and Lehman Brothers Holdings Inc. (the "Merger Agreement"), and cancelled in exchange for the cash merger consideration of $60.75 per share. Indirectly-held shares disposed of pursuant to the Merger Agreement, and cancelled in exchange for the cash merger consideration of $60.75 per share. Represents outstanding Dividend Equivalent Units ("DEUs") awarded under Issuer's Equity Plan for Outside Trustees. DEUs 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. DEUs have no expiration date. Pursuant to the Merger Agreement all DEUs became fully vested at the time of the merger and were cancelled in exchange for a cash payment of $60.75 per unit. Thomas S. Reif, Attorney-in-Fact on behalf of Ned S. Holmes 2007-10-05