AES CORP — Director's Dealing 2011

Mar 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AES CORP (AES)
CIK: 0000874761
Period of Report: 2011-03-24

Reporting Person: HANRAHAN PAUL T (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-24	Common Stock	M	28100	$2.83	Acquired	258381	Direct
2011-03-24	Common Stock	S	19400	$12.60	Disposed	238981	Direct
2011-03-25	Common Stock	M	28100	$2.83	Acquired	267081	Direct
2011-03-25	Common Stock	S	19400	$12.61	Disposed	247681	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-24	Stock Option (Right to Buy)	$2.83	M	28100	Disposed	2013-02-12	Common Stock (28100)	Direct
2011-03-25	Stock Option (Right to Buy)	$2.83	M	28100	Disposed	2013-02-12	Common Stock (28100)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	55745	Indirect
Common Stock	110	Indirect
Common Stock	82068	Indirect

Footnotes

F1: The option exercises and reported sales were made pursuant to a 10b5-1 trading plan entered into on March 7, 2011.

F2: Between February 22, 2011 and March 24, 2011, the reporting person acquired 139 additional shares of AES Common Stock at an average price of $12.67 pursuant to The AES Retirement Savings Plan. The information in this report is based on a plan statement dated March 24, 2011.

F3: This option vested in two equal installments on February 12, 2004 and 2005.