X0202 4 2006-05-17 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 2006-05-17 4 M 0 25000 11.0313 A 25000 D Common Stock 2006-05-17 4 S 0 600 18.20 D 24400 D Common Stock 2006-05-17 4 S 0 500 18.19 D 23900 D Common Stock 2006-05-17 4 S 0 2700 18.18 D 21200 D Common Stock 2006-05-17 4 S 0 1600 18.17 D 19600 D Common Stock 2006-05-17 4 S 0 1200 18.16 D 18400 D Common Stock 2006-05-17 4 S 0 1500 18.15 D 16900 D Common Stock 2006-05-17 4 S 0 3600 18.14 D 13300 D Common Stock 2006-05-17 4 S 0 2700 18.13 D 10600 D Common Stock 2006-05-17 4 S 0 800 18.12 D 9800 D Common Stock 2006-05-17 4 S 0 3000 18.11 D 6800 D Common Stock 2006-05-17 4 S 0 2500 18.10 D 4300 D Common Stock 2006-05-17 4 S 0 3200 18.09 D 1100 D Common Stock 2006-05-17 4 S 0 1100 18.08 D 0 D Stock Option (Right to buy) 11.0313 2006-05-17 4 M 0 25000 11.0313 A 2006-12-27 Common Stock 25000 0 D Shares resulting from Mr. Luraschi's stock option exercises were sold pursuant to a Rule 10b5-1 Sales Plan dated February 17, 2006. This option vested in two equal installments; 50% vested on 12/27/1997 and the remaining 50% vested on 12/27/1998. This is the first of three filings for Mr. Luraschi's 5/17/06 transactions. William R. Luraschi 2006-05-19