SEC Form 4 · accession 0001209191-15-043570

AVALONBAY COMMUNITIES INC · AVB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Financial Officer

Period of report

May 14, 2015

Accepted (ET)

May 18, 2015 · 10:32 am EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000915912

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
Common Stock, par value $.01 per share^F1	May 14, 2015	M	4,439	$126.78	A	17,027	D
Common Stock, par value $.01 per share^F1	May 14, 2015	M	764	$130.23	A	17,791	D
Common Stock, par value $.01 per share^F1	May 14, 2015	M	729	$132.95	A	18,520	D
Common Stock, par value $.01 per share^F2,F1	May 14, 2015	S	7,582	$166.8911	D	10,938	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Options (Right to Buy)^F3	$126.78	May 14, 2015	M	4,439	D	Mar 13, 2014	Mar 13, 2023	Common Stock	4,439	4,439	D
Employee Stock Options (Right to Buy)^F4	$130.23	May 14, 2015	M	764	D	Feb 13, 2014	Feb 13, 2023	Common Stock	764	764	D
Employee Stock Options (Right to Buy)^F5,F6	$132.95	May 14, 2015	M	729	D	Feb 16, 2013	Feb 16, 2022	Common Stock	729	0	D

F1The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.
F2This transaction was executed in multiple trades at prices ranging from $166.84 to $166.96. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F3The options exercised were included in options granted under the issuer's stock option and incentive plan on March 13, 2013, which became exercisable in three annual installments beginning on March 13, 2014
F4The options exercised were included in options granted under the issuer's stock option and incentive plan on February 13, 2013, which became exercisable in three annual installments beginning on February 13, 2014.
F5The options exercised were included in options granted under the issuer's stock option and incentive plan on February 16, 2012, which became exercisable in three annual installments beginning on February 16, 2013.
F6Following the reported transaction, the reporting person holds a total of 5,203 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.