Insider Trades - MILSTEIN MARK L

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MILSTEIN MARK L: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
ASSOCIATED EST RLTY Director NYSE:AEC (historical quotes, profile, SEC, other insiders)	14-Dec-09	761,028	Indirect

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
14-Dec-09 *5,000 AEC Option Exercise at $8.63 per share.
(Cost of $43,150)
14-Dec-09 *5,000 AEC Sale at $10 per share.
(Proceeds of $50,000)
10-Jun-09 *2,809 AEC Disposition (Non Open Market) at $0 per share.
7-May-08 *4,307 AEC Acquisition (Non Open Market)

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
14-Dec-09	*5,000	AEC	Option Exercise at $8.63 per share. (Cost of $43,150)
14-Dec-09	*5,000	AEC	Sale at $10 per share. (Proceeds of $50,000)
10-Jun-09	*2,809	AEC	Disposition (Non Open Market) at $0 per share.
7-May-08	*4,307	AEC	Acquisition (Non Open Market)