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 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 *
ROBERTS JOHN T JR
   2. Issuer Name and Ticker or Trading Symbol
AMB PROPERTY CORP [AMB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive VP
(Last)
(First)
(Middle)
C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1		 3. Date of Earliest Transaction (Month/Day/Year)
08/30/2006
(Street)

SAN FRANCISCO, CA 94111		 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 08/30/2006   M   2,750 A $ 27.12 220,794 I Family Trust
Common Stock 08/30/2006   S   2,750 D $ 55 218,044 I Family Trust
Common Stock 08/30/2006   M   550 A $ 27.12 218,594 I Family Trust
Common Stock 08/30/2006   S   550 D $ 55.01 218,044 I Family Trust
Common Stock 08/30/2006   M   700 A $ 27.12 218,744 I Family Trust
Common Stock 08/30/2006   S   700 D $ 55.02 218,044 I Family Trust
Common Stock 08/30/2006   M   1,300 A $ 27.12 219,344 I Family Trust
Common Stock 08/30/2006   S   1,300 D $ 55.03 218,044 I Family Trust
Common Stock 08/30/2006   M   1,800 A $ 27.12 219,844 I Family Trust
Common Stock 08/30/2006   S   1,800 D $ 55.04 218,044 I Family Trust
Common Stock 08/30/2006   M   1,000 A $ 27.12 219,044 I Family Trust
Common Stock 08/30/2006   S   1,000 D $ 55.05 218,044 I Family Trust
Common Stock 08/30/2006   M   800 A $ 27.12 218,844 I Family Trust
Common Stock 08/30/2006   S   800 D $ 55.06 218,044 I Family Trust
Common Stock 08/30/2006   M   900 A $ 27.12 218,944 I Family Trust
Common Stock 08/30/2006   S   900 D $ 55.07 218,044 I Family Trust
Common Stock 08/30/2006   M   1,800 A $ 27.12 219,844 I Family Trust
Common Stock 08/30/2006   S   1,800 D $ 55.08 218,044 I Family Trust
Common Stock 08/30/2006   M   200 A $ 27.12 218,244 I Family Trust
Common Stock 08/30/2006   S   200 D $ 55.09 218,044 I Family Trust
Common Stock 08/30/2006   M   300 A $ 27.12 218,344 I Family Trust
Common Stock 08/30/2006   S   300 D $ 55.1 218,044 I Family Trust
Common Stock 08/30/2006   M   300 A $ 27.12 218,344 I Family Trust
Common Stock 08/30/2006   S   300 D $ 55.13 218,044 I Family Trust
Common Stock 08/30/2006   M   1,400 A $ 27.12 219,444 I Family Trust
Common Stock 08/30/2006   S(1)   1,400 D $ 55.14 218,044 (2) I Family Trust

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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
Non-Qualified Stock Option (right to buy) $ 27.12 08/30/2006   M     2,750   (3) 02/13/2013 Common 2,750 (4) 62,250 I Family Trust
Non-Qualified Stock Option (right to buy) $ 27.12 08/30/2006   M     550   (3) 02/13/2013 Common 550 (4) 61,700 I Family Trust
Non-Qualified Stock Option (right to buy) $ 27.12 08/30/2006   M     700   (3) 02/13/2013 Common 700 (4) 61,000 I Family Trust
Non-Qualified Stock Option (right to buy) $ 27.12 08/30/2006   M     1,300   (3) 02/13/2013 Common 1,300 (4) 59,700 I Family Trust
Non-Qualified Stock Option (right to buy) $ 27.12 08/30/2006   M     1,800   (3) 02/13/2013 Common 1,800 (4) 57,900 I Family Trust
Non-Qualified Stock Option (right to buy) $ 27.12 08/30/2006   M     1,000   (3) 02/13/2013 Common 1,000 (4) 56,900 I Family Trust
Non-Qualified Stock Option (right to buy) $ 27.12 08/30/2006   M     800   (3) 02/13/2013 Common 800 (4) 56,100 I Family Trust
Non-Qualified Stock Option (right to buy) $ 27.12 08/30/2006   M     900   (3) 02/13/2013 Common 900 (4) 55,200 I Family Trust
Non-Qualified Stock Option (right to buy) $ 27.12 08/30/2006   M     1,800   (3) 02/13/2013 Common 1,800 (4) 53,400 I Family Trust
Non-Qualified Stock Option (right to buy) $ 27.12 08/30/2006   M     200   (3) 02/13/2013 Common 200 (4) 53,200 I Family Trust
Non-Qualified Stock Option (right to buy) $ 27.12 08/30/2006   M     300   (3) 02/13/2013 Common 300 (4) 52,900 I Family Trust
Non-Qualified Stock Option (right to buy) $ 27.12 08/30/2006   M     300   (3) 02/13/2013 Common 300 (4) 52,600 I Family Trust
Non-Qualified Stock Option (right to buy) $ 27.12 08/30/2006   M     1,400   (3) 02/13/2013 Common 1,400 (4) 51,200 I Family Trust

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ROBERTS JOHN T JR
C/O AMB PROPERTY CORPORATION
PIER 1, BAY 1
SAN FRANCISCO, CA 94111		       Executive VP  

Signatures

 /s/ Tamra Browne pursuant to a power of attorney dated 01/15/2003   08/31/2006
**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) These sales are being made pursuant to a previously adopted plan intended to comply with Rule 10b5-1(c) of the Securities Exchange Act of 1934. This 10b5-1 plan was adopted on July 14, 2006.
(2) Of the 218,044 securities beneficially owned, 32,257 are held directly (D), 136,532 are indirectly (I) owned through the Roberts Family Trust, 690 securities are indirectly held through custodial accounts for children and 48,565 securities are held indirectly (I) through a rabbi trust pursuant to our nonqualified deferred compensation plan.
(3) One-third of the shares subject to the option vest and become exerciseable annually on January 1. The shares vested fully on January 1, 2006.
(4) Not applicable.

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