X0202 4 2005-05-12 0 0001045609 AMB PROPERTY CORP AMB 0001213389 COLE DAVID A AMB PROPERTY CORPORATION, PIER 1, BAY 1 SAN FRANCISCO CA 94111 1 0 0 0 Common Stock 2005-05-12 4 D 0 1973 D 21661 D Stock Units 2005-05-12 4 A 0 1973 A 23634 I Rabbi Trust Common Stock 2005-05-12 4 A 0 1206 39.80 A 24840 D Non-Qualified Stock Option (right to buy) 39.80 2005-05-12 4 A 0 7766 A 2006-05-12 2015-05-12 Common Stock 7766 101284 D Upon vesting of 1,973 shares of restricted stock on 05/12/2005, the reporting person deferred these shares into the Amended and Restated AMB Nonqualified Deferred Compensation Plan (the "Plan"). The deferral of these shares was credited to the reporting person's account in the form of an equivalent number of stock units, each of which represents the reporting person's right to receive a share of AMB common stock upon distribution of his account. Distribution in common shares will occur upon retirement, death, other termination of employment or disability, upon AMB's change of control or on such other date as the reporting person elects. Not applicable. The stock units are held indirectly through a rabbi trust pursuant to the Plan. Shares were granted pursuant to the Company's 2002 Stock Option and Incentive Plan and are subject to a repurchase right held by the Company, which lapses fully on May 11, 2006. Of the 24,840 shares beneficially owned, 12,233 shares directly held (D) and the 4,607 shares indirectly held (I) through the rabbi trust, 8,000 shares are indirectly held (I) through a custodial trust for a child. /s/ Tamra Browne pursuant to a Power of Attorney dated 01/27/2003. 2005-05-16