SEC Form 4 · accession 0001209191-15-064398

AVALONBAY COMMUNITIES INC · AVB

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

Reporting owner

Officer — Chairman & CEO · Director

Period of report

Aug 4, 2015

Accepted (ET)

Aug 6, 2015 · 4:56 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
Common Stock, par value $.01 per share^F1	Aug 4, 2015	M	15,285	$96.19	A	145,589	D
Common Stock, par value $.01 per share^F2,F1	Aug 4, 2015	S	15,285	$173.2546	D	130,304	D
Common Stock, par value $.01 per share^F1	Aug 5, 2015	M	10,124	$96.19	A	140,428	D
Common Stock, par value $.01 per share^F3,F1	Aug 5, 2015	S	10,124	$173.3206	D	130,304	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)^F4	$96.19	Aug 4, 2015	M	15,285	D	Feb 9, 2007	Feb 9, 2016	Common Stock	15,285	20,863	D
Employee Stock Options (Right to Buy)^F4,F5	$96.19	Aug 5, 2015	M	10,124	D	Feb 9, 2007	Feb 9, 2016	Common Stock	10,124	10,739	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 $173.25 to $173.30. 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 $173.25 to $173.44. 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 09, 2006, which become exercisable in three annual installments beginning on February 09, 2007.
F5Following the reported transaction, the reporting person holds a total of 242,463 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.