The AP-2 clathrin adaptor differs fundamentally from the related AP-1, AP-3, and AP-4 sorting complexes because membrane deposition does not depend directly on an Arf family GTPase. Instead phosphatidylinositol 4,5-bisphosphate (PtdIns(4,5)P 2 ) appears to act as the principal compartmental cue for AP-2 placement at the plasma membrane as well as for the docking of numerous other important clathrin coat components at the nascent bud site. This PtdIns(4,5)P 2 dependence makes type I phosphatidylinositol 4-phosphate 5-kinases (PIPKIs) lynchpin enzymes in the assembly of clathrin-coated structures at the cell surface. PIPKI␥ is the chief 5-kinase at nerve terminals, and here we show that the 26-amino acid, alternatively spliced C terminus of PIPKI␥661 is an intrinsically unstructured polypeptide that binds directly to the sandwich subdomain of the AP-2 2 subunit appendage. An aromatic side chain-based, extended interaction motif that also includes the two bulky C-terminal residues of the short PIPKI␥635 variant is necessary for 2 appendage engagement. The clathrin heavy chain accesses the same contact surface on the AP-2 2 appendage, but because of additional clathrin binding sites located within the unstructured hinge segment of the 2 subunit, clathrin binds the 2 chain with a higher apparent affinity than PIPKI␥661. A clathrin-regulated interaction with AP-2 could allow PIPKI␥661 to be strategically positioned for regional PtdIns(4,5)P 2 generation during clathrin-coated vesicle assembly at the synapse.The key regulatory activity of phosphatidylinositol 4,5-bisphosphate (PtdIns(4,5)P 2 ) 2 during clathrin-mediated endocytosis is firmly established (1, 2). The heterotetrameric AP-2 adaptor complex and numerous clathrin-associated sorting proteins (CLASPs) display dedicated surfaces or domains that engage PtdIns(4,5)P 2 with good selectively (3-5). PtdIns(4,5)P 2 , which is localized to the cell surface, thus biases the deposition and assembly of these coat components at the plasma membrane by synergizing with other low affinity interactions in a phenomenon termed coincidence detection (2, 4). Later acting endocytic regulatory proteins also bind to PtdIns(4,5)P 2 . The large GTPase dynamin contains a pleckstrin homology domain, which engages PtdIns(4,5)P 2 and is required for vesicle scission (6). Similarly the clathrin uncoating cofactor, auxilin, has a PTEN homology domain that also binds to phosphoinositides and is necessary for targeting of this J-domain protein to clathrin-coated membranes (7). The lipid binding features of all these endocytic components is in full accord with PtdIns(4,5)P 2 being necessary for both early and late stages of coated vesicle production (8).PtdIns(4,5)P 2 is a general, apparently ubiquitous marker of the plasma membrane, and the concept of functionally autonomous, stable PtdIns(4,5)P 2 -enriched microdomains within the cytosolic leaflet of the membrane has been challenged (9 -11). This raises the question of whether the prevailing PtdIns(4,5)P 2 concentration at the cell surf...