X0202 4 2008-03-25 0000922864 APARTMENT INVESTMENT & MANAGEMENT CO AIV 0001237451 RHODES THOMAS L C/O NATIONAL REVIEW 215 LEXINGTON AVENUE, 4TH FLOOR NEW YORK NY 10016 1 0 0 0 Class A Common Stock 2008-01-30 5 J 0 2654 0 A 67054 D Class A Common Stock 2008-03-25 4 M 0 3159 36.21 A 70213 D Class A Common Stock 2008-03-25 4 S 0 200 38.90 D 70013 D Class A Common Stock 2008-03-25 4 S 0 359 38.91 D 69654 D Class A Common Stock 2008-03-25 4 S 0 300 38.92 D 69354 D Class A Common Stock 2008-03-25 4 S 0 100 38.94 D 69254 D Class A Common Stock 2008-03-25 4 S 0 100 38.95 D 69154 D Class A Common Stock 2008-03-25 4 S 0 900 38.96 D 68254 D Class A Common Stock 2008-03-25 4 S 0 300 38.97 D 67954 D Class A Common Stock 2008-03-25 4 S 0 900 38.98 D 67054 D Stock Option (right to buy) 45.68 2003-04-26 2012-04-26 Class A Common Stock 10529 10529 D Stock Option (right to buy) 45.24 2002-01-24 2011-01-24 Class A Common Stock 10529 10529 D Stock Option (right to buy) 37.99 2001-04-19 2010-04-19 Class A Common Stock 3159 3159 D Stock Option (right to buy) 37.93 2000-04-22 2009-04-22 Class A Common Stock 3159 3159 D Stock Option (right to buy) 36.21 1999-05-08 2008-05-08 Class A Common Stock 3159 3159 D Stock Option (right to buy) 36.21 2008-03-25 4 M 0 3159 D 1999-05-08 2008-05-08 Class A Common Stock 3159 0 D As a result of a special dividend declared December 21, 2007, and paid January 30, 2008, to all stockholders of record on December 31, 2007, the reporting person received these additional shares. Pursuant to the anti-dilution provisions of the plan pursuant to which the option was granted, the number of shares subject to the option and the strike price of the option have been adjusted to reflect the special dividend paid January 30, 2008, to all stockholders of record on December 31, 2007. Award for director compensation; price column not applicable. Thomas L. Rhodes 2008-03-27