SEC Form 4 · accession 0001209191-15-045277
AVALONBAY COMMUNITIES INC · AVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leo S Horey III
Officer — Chief Administrative Officer
Period of report
May 19, 2015
Accepted (ET)
May 21, 2015 · 3:29 pm 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.01 per shareF1 | May 19, 2015 | M | 2,147 | $132.95 | A | 54,542 | D | |
| Common Stock, par value $.01 per shareF2,F1 | May 19, 2015 | S | 2,147 | $168.2448 | D | 52,395 | D | |
| Common Stock, par value $.01 per shareF1 | May 20, 2015 | M | 6,111 | $115.83 | A | 58,506 | D | |
| Common Stock, par value $.01 per shareF1 | May 20, 2015 | M | 4,669 | $132.95 | A | 63,175 | D | |
| Common Stock, par value $.01 per shareF3,F1 | May 20, 2015 | S | 15,780 | $168.1585 | D | 47,395 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F4 | $132.95 | May 19, 2015 | M | 2,147 | D | Feb 16, 2013 | Feb 16, 2022 | Common Stock | 2,147 | 5,421 | D |
| Employee Stock Options (Right to Buy)F5 | $115.83 | May 20, 2015 | M | 6,111 | D | Feb 16, 2012 | Feb 16, 2021 | Common Stock | 6,111 | 863 | D |
| Employee Stock Options (Right to Buy(F4,F6 | $132.95 | May 20, 2015 | M | 4,669 | D | Feb 16, 2013 | Feb 16, 2022 | Common Stock | 4,669 | 752 | D |
Explanation of responses
- 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 $168.0000 to $168.4495. 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.
- F3This transaction was executed in multiple trades at prices ranging from $168.00 to $168.50. 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.
- F4The 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 equal annual installments beginning on February 16, 2013.
- F5The options exercised were included in options granted under the issuer's stock option and incentive plan on February 16, 2011, which became exercisable in three equal annual installments beginning on February 16, 2012.
- F6Following the reported transaction, the reporting person holds a total of 15,529 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.