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 * KOGOD ROBERT P   2. Issuer Name and Ticker or Trading Symbol ARCHSTONE SMITH TRUST [ASN] 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) 9200 E. PANORAMA CIRCLE, SUITE 400 3. Date of Earliest Transaction (Month/Day/Year) 02/14/2006 (Street) ENGLEWOOD, CO 80112 4. If Amendment, Date Original Filed(Month/Day/Year) 02/16/2006 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 Shares of Beneficial Interest 02/14/2006   C   100,000 (1) A $ 45.58 339,141 D   Common Shares of Beneficial Interest 02/14/2006   C   193,750 (1) A $ 45.58 532,891 D   Common Shares of Beneficial Interest 02/14/2006   C   193,750 (1) A $ 45.58 296,830 I See footnote (3) Common Shares of Beneficial Interest 02/15/2006   S   25,000 (2) D $ 45.6126 507,891 D   Common Shares of Beneficial Interest 02/16/2006   S   75,000 (2) D $ 45.6667 432,891 D

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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

Class A-1 Units of Archstone-Smith Operating Trust

$ 45.58

02/14/2006

C

875,000 (1)

(4)

(4)

Common Shares

875,000

$ 45.58

1,454,768

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
KOGOD ROBERT P 9200 E. PANORAMA CIRCLE SUITE 400 ENGLEWOOD, CO 80112	X

Signatures

Erin McMahon, Attorney-in-Fact on behalf of Robert P. Kogod		02/17/2006
**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)	Class A-1 units owned by Charles E. Smith Management, Inc., which is jointly owned by Mr. Smith and Mr. Kogod. Upon conversion of units, CES Management retained 100,000 shares and the remaining 775,000 were evenly distributed among Mr. Smith, Mr. Kogod and their respective spouses. Each received 193,750 shares.
(2)	Sale by CES Management, Inc., of which Mr. Kogod is a Director and President.
(3)	Indirect total includes 15 shares held in Issuer's 401(k) and 296,815 shares held by spouse.
(4)	Class A-1 units are redeemable for shares of Archstone-Smith common stock on a 1-to-1 basis. They have no exercise or expiration date.

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