X0202 4 2006-01-09 0 0000895417 EQUITY LIFESTYLE PROPERTIES INC ELS 0001201464 CHISHOLM DONALD S 505 E. HURON, SUITE 307 ANN ARBOR MI 48104 1 0 0 0 Common Stock, par value $.01 2006-01-09 4 M 0 10000 13.375 A 67068 D Common Stock, par value $.01 7000 I * Common Stock, par value $.01 22000 I ** Non-Qualified Stock Option (right to buy) 13.375 2006-01-09 4 M 0 10000 13.375 D 2007-05-13 Common Stock, par value $.01 10000 0 D Shares reported herein are beneficially owned by the Donald S. Chisholm Trust, Samuel Zell, Trustee. Mr. Chisholm is the beneficiary of such trust. Donald Chisholm Charitable REM UNITRUST. Stock Option is exercisable: 1/3 on 11/13/97, 1/3 on 5/13/98; and 1/3 on 5/13/99. By: Terry Termini, by Power of Atty. For: Donald S. Chisholm 2006-01-10