X0202 4 2005-01-01 0 0000914713 MILLS CORP MLS 0001279371 ETTENGER MARK D 1300 WILSON BOULEVARD SUITE 400 ARLINGTON VA 22209 0 1 0 0 President Common Stock 2005-01-01 5 M 0 E 55000 63.485 A 55000 D Common Stock 2005-01-01 5 F 0 E 24645 63.485 D 30355 D Restricted Stock Units 2005-01-01 4 M 0 55000 63.485 D Common Stock 55000 55000 D Restricted Stock Units 2005-01-01 4 D 0 55000 63.485 D Common Stock 55000 55000 D On January 1, 2005 one-half of the reporting person's restricted units vested; the original grant of 110,000 Ristricted Stock Units was reported on a Form 4 on September 13, 2004. Each restricted stock unit represents a contingent right to receive one share of The Mills Corpration common stock. The price is equal to the average betwwen the high and low common stock price on December 31, 2004. These units were withheld to pay the tax liability owed due to the vesting of 55,000 Restricted Stock Units. None of the restricted stock units have an expiration date. The remaining restricted stock units vest on January 1, 2006. Under various circumstances the restricted stock units vest earlier in the event Mr. Ettenger's employment is terminated. Upon the restricted stock units vesting, The Mills Corporation will deliver to Mr. Ettenger one share of common stock for each restricted stock unit. /s/ Mark D. Ettenger 2005-01-04