AES CORP — Director's Dealing 2015

Jan 9, 2015

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AES CORP (AES)
CIK: 0000874761
Period of Report: 2015-01-01

Reporting Person: Chilton Michael (Sr. VP Global Engr & Const)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	52450	Direct
Common Stock	102	Indirect
Common Stock	3658	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$13.29	2024-12-12	Common Stock (166667)		Direct
Units	$		Common Stock (1686)		Direct

Footnotes

F1: Includes 47,472 Restricted Stock Units ("RSUs") granted under The AES Corporation 2003 Long Term Compensation Plan which will vest in three equal annual installments from the date of grant if certain continuing employment conditions are satisfied. If such conditions are satisfied, each RSU entitles the holder to one share of AES Common stock for each RSU granted.

F2: For the benefit of Mr. Chilton.

F3: This stock option award was granted pursuant to The AES Corporation 2003 Long Term Compensation Plan. This award will vest in three equal annual installments such that one third will vest on 12/12/2015, one third will vest on 12/12/2016 and the remaining third will vest on 12/12/2017.

F4: These units were awarded pursuant to the Restoration Supplemental Retirement Plan (the "Restoration Plan"). Generally, units under the Restoration Plan shall be paid out in cash following termination of employment or later as per the terms of the Restoration Plan document. Each unit represents a hypothetical AES investment equal to one share of AES Common Stock and units under the Restoration Plan are 100% vested upon award.