AES CORP — Director's Dealing 2011

Apr 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AES CORP (AES)
CIK: 0000874761
Period of Report: 2011-03-30

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-30	Common Stock	M	28100	$2.83	Acquired	275781	Direct
2011-03-30	Common Stock	S	19400	$13.04	Disposed	256381	Direct
2011-03-31	Common Stock	M	28100	$2.83	Acquired	284481	Direct
2011-03-31	Common Stock	S	19400	$12.98	Disposed	265081	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-30	Stock Option (Right to Buy)	$2.83	M	28100	Disposed	2013-02-12	Common Stock (28100)	Direct
2011-03-31	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 March 25, 2011 and March 30, 2011, the reporting person acquired no additional shares of AES Common Stock pursuant to The AES Retirement Savings Plan. The information in this report is based on a plan statement dated Mach 30, 2011.

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