X0202 4 2006-02-24 0 0000874761 AES CORP AES 0001237625 LURASCHI WILLIAM R C/O THE AES CORPORATION 4300 WILSON BOULEVARD ARLINGTON VA 22203 0 1 0 0 ExecVP Corp Dev and Strategy Common Stock 2006-02-24 4 A 0 1106 17.58 A 45589 I by 401(k) Plan Restricted Stock Units 2006-02-24 4 A 0 23464 A Common Stock 23464 153069 D Units 2006-02-27 4 A 0 3482 17.66 A Common Stock 3482 12764 D Stock Option Grant (right to buy) 17.58 2006-02-24 4 A 0 47710 17.58 A Common Stock 47710 552801 D This 11% (of base salary) discretionary retirement savings award was granted pursuant to The AES Retirement Savings Plan (the "Plan") as determined by The AES Corporation Board of Directors on February 24, 2006 subject to applicable IRS contribution limits. The closing stock price on February 24, 2006 was used to determine the number of shares awarded. January 2006 contributions to the Plan are also included. This restricted stock unit award ("RSU") was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will vest in three equal installments beginning on February 24, 2007, if certain continuing employment and performance conditions are satisfied. If such conditions are satisfied, each RSU entitles the holder to one share of AES Common stock or the cash equivalent at the discretion of The AES Corporation on January 1, 2011 or as soon as administratively practicable thereafter. These units are awarded pursuant to the Restoration Supplemental Retirement Plan ("Restoration Plan"). The total number of units reflects the total of this award under the Restoration Plan and the existing balances in both the Restoration Plan and The AES Corporation Supplemental Retirement Plan (the "Plan"). The Plan was frozen in 2004 and no subsequent contributions have been made to it. Units under these plans will be paid out in accordance with Section 409(A) of the Internal Revenue Code and the terms of the relevant plan documents. Each unit is initially equal to one share of AES Common stock and units under the plans are 100% vested upon award. This stock option award was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will vest in three equal annual installments if certain continuing employment conditions are satisfied. If such conditions are satisfied, the first installment becomes exercisable on February 24, 2007, and the next two installments become exercisable on February 24, 2008 and February 24, 2009, respectively. William R. Luraschi 2006-02-28