Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LADER PHILIP
   2. Issuer Name and Ticker or Trading Symbol
AES CORP [AES] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
4300 WILSON BOULEVARD		 3. Date of Earliest Transaction (Month/Day/Year)
12/11/2012
(Street)

ARLINGTON, VA 22203		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/11/2012   M   17,725 A $ 10.72 23,590 D  
Common Stock 12/11/2012   M   6,329 A $ 10.72 29,919 D  
Common Stock 12/13/2012   J   35,125 A $ 0 35,125 (1) I by Lader Family Partners, LLLP
Common Stock 12/11/2012   J   535 A $ 0 26,586 I By Philip Lader, Trustee, The Linda LeSourd Lader Irrevocable Defective Grantor Trust Dated 03/11/09
Common Stock               89,380 I By Family Foundation

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 6.7 12/11/2012   M     17,725   (2) 05/13/2013 Common Stock 17,725 $ 0 0 D  
Stock Option (Right to Buy) $ 8.58 12/11/2012   M     6,329   (3) 04/28/2014 Common Stock 6,329 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LADER PHILIP
4300 WILSON BOULEVARD
ARLINGTON, VA 22203		   X      

Signatures

 Philip Lader   12/13/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) None of the transactions listed on this Form 4 are market transactions. Mr. Lader exercised 24,054 options and contributed the shares to the Lader Family Partners, LLLP, along with 5,865 shares he previously held directly, 25 shares held by his daughter and 5181 shares held in his IRA. Mr. Lader is General Partner and General Manager of the Lader Family Partners, LLLP. The shares owned by Lader Family Partners, LLLP are being indirectly gifted to family members of Mr. Lader. Mr. Lader is not required to report the gifts on Form 4 but will report the gifts on Form 5 within 45 days after the close of AES' fiscal year.
(2) This ten year option grant was awarded on 5/13/2003 and became exerciable in installments of 50% at the end of each of the first two years.
(3) This ten year option grant was awarded on 4/28/2004 and became exercisable in installments of 50% at the end of each of the first two years.

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