X0202 4 2005-05-11 0 0000874761 AES CORP AES 0001237644 HANRAHAN PAUL T 4300 WILSON BOULEVARD ARLINGTON VA 22203 1 1 0 0 President and CEO Common Stock 40720 I by 401(k) Plan Common Stock 110 I by Spouse Common Stock 2005-05-11 2005-05-11 4 M 0 15000 2.20 A 42362 D Common Stock 2005-05-11 2005-05-11 4 S 0 15000 15.15 D 27362 D Common Stock 2005-05-11 2005-05-11 4 M 0 28000 2.20 A 55362 D Common Stock 2005-05-11 2005-05-11 4 S 0 28000 15.17 D 27362 D Common Stock 2005-05-11 2005-05-11 4 M 0 3500 2.20 A 30862 D Common Stock 2005-05-11 2005-05-11 4 S 0 3500 15.18 D 27362 D Common Stock 2005-05-11 2005-05-11 4 M 0 15500 2.20 A 42862 D Common Stock 2005-05-11 2005-05-11 4 S 0 15500 15.19 D 27362 D Common Stock 2005-05-11 2005-05-11 4 M 0 33000 2.20 A 60362 D Common Stock 2005-05-11 2005-05-11 4 S 0 33000 15.20 D 27362 D Common Stock 2005-05-11 2005-05-11 4 M 0 5000 2.20 A 32362 D Common Stock 2005-05-11 2005-05-11 4 S 0 5000 15.21 D 27362 D Common Stock 2005-05-11 2005-05-11 4 M 0 7500 2.20 A 34862 D Common Stock 2005-05-11 2005-05-11 4 S 0 7500 15.27 D 37362 D Common Stock 2005-05-11 2005-05-11 4 M 0 3800 2.20 A 31620 D Common Stock 2005-05-11 2005-05-11 4 S 0 3800 15.26 D 27362 D Common Stock 2005-05-11 2005-05-11 4 M 0 6200 2.20 A 33562 D Common Stock 2005-05-11 2005-05-11 4 S 0 6200 15.25 D 27362 D Common Stock 2005-05-11 2005-05-11 4 M 0 32000 2.20 A 59362 D Common Stock 2005-05-11 2005-05-11 4 S 0 32000 15.24 D 27362 D Common Stock 2005-05-11 2005-05-11 4 M 0 5000 2.20 A 32362 D Common Stock 2005-05-11 2005-05-11 4 S 0 5000 15.29 D 27362 D Stock Option Grant (Right to buy) 2.20 2005-05-11 2005-05-11 4 M 0 154500 0 D 2003-07-29 2012-07-29 Common Stock 154500 2046421 D This is the fourth of four filings for Mr. Hanrahan's 5/11/2005 transactions. Based on the latest plan statement available dated as of 2-25-2005, the reporting person does not report any change in shares held in The AES Corporation's 401(k) plan. Shares resulting from Mr. Hanrahan's stock option exercises were sold pursuant to a Rule 10b5-1 Sales Plan dated April 1, 2005. Paul T. Hanrahan 2005-05-13