SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Jaisinghani Haresh R

(Last)

(First)

(Middle)

4300 WILSON BOULEVARD

(Street)

ARLINGTON

22203

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
AES CORP [ AES ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President, Asia Region

3. Date of Earliest Transaction (Month/Day/Year)
12/11/2006

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/11/2006		M		5,165⁽⁶⁾	A	$2.83	5,397	I	by Spouse
Common Stock	12/11/2006		M		704⁽⁶⁾	A	$2.83	6,101	I	by Spouse
Common Stock	12/11/2006		M		1,088⁽⁶⁾	A	$8.97	7,189	I	by Spouse
Common Stock	12/11/2006		S		400⁽¹⁾⁽⁶⁾	D	$22.96	6,789	I	by Spouse
Common Stock	12/11/2006		S		1,312⁽¹⁾⁽⁶⁾	D	$22.97	5,477	I	by Spouse
Common Stock	12/11/2006		S		1,285⁽¹⁾⁽⁶⁾	D	$22.98	4,192	I	by Spouse
Common Stock	12/11/2006		S		968⁽¹⁾⁽⁶⁾	D	$22.99	3,224	I	by Spouse
Common Stock	12/11/2006		S		1,400⁽¹⁾⁽⁶⁾	D	$23.02	1,824	I	by Spouse
Common Stock	12/11/2006		S		1,592⁽¹⁾⁽⁶⁾	D	$23.03	232	I	by Spouse
Common Stock								24,476⁽⁵⁾	I	by 401(k) Plan
Common Stock								13,589⁽⁵⁾⁽⁶⁾	I	by Spouse's 401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option Grant (right to buy_	$2.83	12/11/2006		M			5,165⁽⁶⁾	⁽²⁾	⁽²⁾	Common Stock	5,165	$0	0	I	by Spouse
Stock Option Grant (right to buy)	$2.83	12/11/2006		M			704⁽⁶⁾	⁽³⁾	⁽³⁾	Common Stock	704	$0	0	I	by Spouse
Stock Option Grant (right to buy)	$8.97	12/11/2006		M			1,088⁽⁶⁾	⁽⁴⁾	⁽⁴⁾	Common Stock	1,088	$0	545	I	by Spouse

Explanation of Responses:

1. This sale was executed pursuant to a written plan intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934. Ms. Zhao's (Mr. Jaisinghani's wife)sales plan was adopted on December 6, 2006.

2. This ten year stock option was granted on 02/12/2003 and vested in two equal annual installments such that one half vested on 02/12/2004 and the remaining half vested on 02/12/2005.

3. This ten year stock option was granted on 05/01/2003 and vested in two equal annual intallments such that one half vested on 05/01/2004 and the remaining half vested on 05/01/2005.

4. This ten year stock option was granted on 02/04/2004 and vests in three equal annual installments such that one third vested on 02/04/2005, one third vested on 02/04/2006, and the remaining third will vest on 02/04/2007.

5. Based upon the lastest plan statement dated 12/11/2006, neither Mr. Jaisinghani nor his spouse report any changes in ownership for shares they hold in The AES Retirement Savings Plan.

6. The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Remarks:

This is the second of two filings for Mr. Jaisinghani's December 11, 2006 transactions.

	Haresh R. Jaisinghani	12/13/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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