X0202 4 2007-01-12 0000785787 AEP INDUSTRIES INC AEPI 0001197918 POWERS JOHN J 125 PHILLIPS AVENUE SOUTH HACKENSACK NJ 07606 0 1 0 0 EVP, Sales & Marketing Common Stock 2007-01-12 4 M 0 8775 9.30 A 34877 D Common Stock 4413 I ESOP Common Stock 120909 I By spouse Common Stock 210163 I By spouse as trustee of GRAT #2 Common Stock 254018 I By spouse as trustee of GRAT #3 Common Stock 130744 I By spouse as trustee of GRAT #4 Common Stock 150578 I By spouse as trustee of GRAT #5 Common Stock 30725 I By spouse in trust for minor children Stock Option (Right to Buy) 9.30 2007-01-12 4 M 0 8775 0 D 2004-12-29 2013-12-28 Common Stock 8775 5850 D GRATS #2-5 were established by Mr. Barba and the trustees for each GRAT are Mr. Paul Feeney (CFO of AEP Industries Inc.) and two daughters of Mr. Barba (who are also the co-beneficiaries of each GRAT). Mr. Powers is the spouse of one such daughter. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose. Incentive stock option grant issued pursuant to the AEP Industries Inc. 2005 Stock Option Plan. Exercisable in installments of 20% per annum commencing one year from date of grant. Sandra C. Major, Attorney-in-Fact 2007-01-16