X0303 4 2011-02-18 0000874761 AES CORP AES 0001237644 HANRAHAN PAUL T 4300 WILSON BOULEVARD ARLINGTON VA 22203 1 1 President and CEO Common Stock 2011-02-18 4 A 0 95259 0 A 230281 D Common Stock 55606 I By 401(k) Plan Common Stock 82068 I by the Hanrahan 2010 Grantor Retained Annuity Trust Number One Common Stock 110 I By Spouse Stock Option (Right to Buy) 12.88 2011-02-18 4 A 0 320071 0 A 2021-02-18 Common Stock 320071 320071 D Units 2011-02-18 4 A 0 16638 12.88 A Common Stock 16638 119351 D This restricted stock unit award ("RSU") was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan and will vest in three equal annual installments beginning on February 18, 2012, if certain continuing employment conditions are satisfied. If such conditions are satisfied, each RSU entitles the holder to one share of AES Common Stock for each RSU granted. Includes all time-based restricted stock units. This includes an 8% (of base salary) discretionary retirement savings award granted pursuant to The AES Retirement Savings Plan (the "Plan") as determined by The AES Corporation Board of Directors on February 18, 2011 subject to applicable IRS contribution limits. The closing stock price on February 18, 2011 was used to determine the number of shares awarded. Between February 28, 2010 and February 18, 2011, the reporting person also acquired 853 shares of AES Common Stock under the Plan, which are included in this amount. 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 18, 2012, and the next two installments become exercisable on February 18, 2013 and February 18, 2014, respectively. These units were awarded pursuant to the Restoration Supplemental Retirement Plan and the Supplemental Retirement Plan (together the "Plans"). Generally, units under these Plans shall be paid out following termination of employment or later as per the terms of the Plan documents. Each unit represents a hypothetical AES investment equal to one share of AES Common Stock and units under the the Plans are 100% vested upon award. /s/ Paul Hanrahan 2011-02-22