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AMERICAN INTERNATIONAL GROUP, INC. Director's Dealing 2004

Dec 17, 2004

30051_dirs_2004-12-17_128b5289-20f8-4edf-9010-dc0c49748739.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN INTERNATIONAL GROUP INC ((AIG))
CIK: 0000005272
Period of Report: 2004-12-15

Reporting Person: SANDLER ROBERT MICHAEL (Executive Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-12-15 Common Stock M 8649 $15.3087 Acquired 315630.00 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-12-15 Employee Stock Option (Right to Buy) $15.3087 M 11329 Disposed 2004-12-15 Common Stock (11329.00) Direct

Footnotes

F1: On December 15, 2004, Mr. Sandler exercised options for 11,329 shares using previously owned shares to pay for options granted pursuant to the 1991 Employee Stock Option Plan. This acquisition reflects the number of options exercised less the 2,680 shares surrendered to purchase the option.

F2: These options were granted under AIG's 1991 Employee Stock Option Plan. Pursuant to the terms of the plan, 25% of the option becomes exercisable on the anniversary date of the grant in each of the four years following the grant.