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 *
COKE MICHAEL A
   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)
CFO & Executive VP
(Last)
(First)
(Middle)
C/O AMB PROPERTY CORPORATION, PIER 1, BAY 1		 3. Date of Earliest Transaction (Month/Day/Year)
05/01/2007
(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 05/01/2007   M   200 A $ 51.92 98,751 D  
Common Stock 05/01/2007   S   200 D $ 60.79 98,551 D  
Common Stock 05/01/2007   M   400 A $ 51.92 98,951 D  
Common Stock 05/01/2007   S   400 D $ 60.78 98,551 D  
Common Stock 05/01/2007   M   100 A $ 51.92 98,651 D  
Common Stock 05/01/2007   S   100 D $ 60.77 98,551 D  
Common Stock 05/01/2007   M   600 A $ 51.92 99,151 D  
Common Stock 05/01/2007   S   600 D $ 60.75 98,551 D  
Common Stock 05/01/2007   M   200 A $ 51.92 98,751 D  
Common Stock 05/01/2007   S   200 D $ 60.74 98,551 D  
Common Stock 05/01/2007   M   100 A $ 51.92 98,651 D  
Common Stock 05/01/2007   S   100 D $ 60.73 98,551 D  
Common Stock 05/01/2007   M   100 A $ 51.92 98,651 D  
Common Stock 05/01/2007   S   100 D $ 60.72 98,551 D  
Common Stock 05/01/2007   M   200 A $ 51.92 98,751 D  
Common Stock 05/01/2007   S   200 D $ 60.71 98,551 D  
Common Stock 05/01/2007   M   600 A $ 51.92 99,151 D  
Common Stock 05/01/2007   S   600 D $ 60.7 98,551 D  
Common Stock 05/01/2007   M   200 A $ 51.92 98,751 D  
Common Stock 05/01/2007   S   200 D $ 60.69 98,551 D  
Common Stock 05/01/2007   M   100 A $ 51.92 98,651 D  
Common Stock 05/01/2007   S   100 D $ 60.66 98,551 D  
Common Stock 05/01/2007   M   800 A $ 51.92 99,351 D  
Common Stock 05/01/2007   S(1)   800 D $ 60.65 98,551 (2) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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) $ 51.92 05/01/2007   M     200   (3) 08/01/2007 Common 200 (4) 3,400 D  
Non-Qualified Stock Option (right to buy) $ 51.92 05/01/2007   M     400   (3) 08/01/2007 Common 400 (4) 3,000 D  
Non-Qualified Stock Option (right to buy) $ 51.92 05/01/2007   M     100   (3) 08/01/2007 Common 100 (4) 2,900 D  
Non-Qualified Stock Option (right to buy) $ 51.92 05/01/2007   M     600   (3) 08/01/2007 Common 600 (4) 2,300 D  
Non-Qualified Stock Option (right to buy) $ 51.92 05/01/2007   M     200   (3) 08/01/2007 Common 200 (4) 2,100 D  
Non-Qualified Stock Option (right to buy) $ 51.92 05/01/2007   M     100   (3) 08/01/2007 Common 100 (4) 2,000 D  
Non-Qualified Stock Option (right to buy) $ 51.92 05/01/2007   M     100   (3) 08/01/2007 Common 100 (4) 1,900 D  
Non-Qualified Stock Option (right to buy) $ 51.92 05/01/2007   M     200   (3) 08/01/2007 Common 200 (4) 1,700 D  
Non-Qualified Stock Option (right to buy) $ 51.92 05/01/2007   M     600   (3) 08/01/2007 Common 600 (4) 1,100 D  
Non-Qualified Stock Option (right to buy) $ 51.92 05/01/2007   M     200   (3) 08/01/2007 Common 200 (4) 900 D  
Non-Qualified Stock Option (right to buy) $ 51.92 05/01/2007   M     100   (3) 08/01/2007 Common 100 (4) 800 D  
Non-Qualified Stock Option (right to buy) $ 51.92 05/01/2007   M     800   (3) 08/01/2007 Common 800 (4) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
COKE MICHAEL A
C/O AMB PROPERTY CORPORATION
PIER 1, BAY 1
SAN FRANCISCO, CA 94111		       CFO & Executive VP  

Signatures

 \s\ Tamra Browne pursuant to a power of attorney signed 01/15/2003.   05/03/2007
**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 April 23, 2007.
(2) Of the 98,551 securities beneficially owned, 23,994 are directly held (D), 37,898 securities are indirectly held (I) as co-trustee for Coke Family Trust U/A DTD 11/24/2003 and 36,659 securities are indirectly held (I) through a rabbi trust pursuant to our nonqualified and deferred compensation plan.
(3) 9,816 of the shares subject to the option vested and became exercisable on May 1, 2007 pursuant to Mr. Coke's seperation agreement with the company.
(4) Not applicable.

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