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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
922864	Apartment Investment & Management Co	AIV	Real Estate Investment Trusts (6798)	841259577

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1229388	Miles Cortez	4582 S. Ulster Street Parkway Suite 1100 Denver CO 80237	Executive Vice President	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2012-01-30	11,690	$0.00	130,329	No	4	A	Direct
Class A Common Stock	Disposition	2012-01-30	355	$24.40	129,974	No	4	S	Direct
Class A Common Stock	Disposition	2012-01-31	1,375	$24.41	128,599	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Employee Stock Option (right to buy)	$21.72		2014-02-19	27,729	27,729	Direct
Class A Common Stock	Employee Stock Option (right to buy)	$28.33		2018-01-29	11,102	11,102	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2014-02-19	27,729	27,729	Direct
2018-01-29	11,102	11,102	Direct

Footnotes

The shares vest 25% on each anniversary of the grant date of January 30, 2012, beginning with the first anniversary
Stock Award approved by Compensation and Human Resources Committee; price column not applicable.
In addition to these 128,599 shares held directly by the reporting person, the reporting person holds indirectly 59,991 shares as follows: 924 shares are held in an IRA belonging to the reporting person; 83 shares are held in an IRA belonging to the reporting person's wife; and 58,984 shares are held by the reporting person's wife.
Pursuant to the anti-dilution provisions of the plan pursuant to which the option was granted, the number of shares subject to the option and the strike price of the option have been adjusted to correct an error made in connection with the previous adjustments for special dividends previously declared and paid.
The option is fully vested.