SEC Form 4 · accession 0001209191-15-078362
AVALONBAY COMMUNITIES INC · AVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew H. Birenbaum
Officer — Chief Investment Officer
Period of report
Nov 2, 2015
Accepted (ET)
Nov 4, 2015 · 3:25 pm EST
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 | Nov 2, 2015 | M | 1,062 | $132.95 | A | 23,848 | D | |
| Common Stock, par value $.01 per shareF1 | Nov 2, 2015 | M | 1,812 | $130.23 | A | 25,660 | D | |
| Common Stock, par value $.01 per shareF1 | Nov 2, 2015 | M | 3,000 | $126.78 | A | 28,660 | D | |
| Common Stock, par value $.01 per shareF1 | Nov 2, 2015 | S | 5,874 | $179.00 | D | 22,786 | 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)F2 | $132.95 | Nov 2, 2015 | M | 1,062 | D | Feb 16, 2013 | Feb 16, 2022 | Common Stock | 1,062 | 0 | D |
| Employee Stock Options (Right to Buy)F3 | $130.23 | Nov 2, 2015 | M | 1,812 | D | Feb 13, 2014 | Feb 13, 2023 | Common Stock | 1,812 | 4,940 | D |
| Employee Stock Options (Right to Buy)F4,F5 | $126.78 | Nov 2, 2015 | M | 3,000 | D | Mar 13, 2014 | Mar 13, 2023 | Common Stock | 3,000 | 2,044 | 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.
- F2The 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
- F3The 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
- F4The 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
- F5Following the reported transaction, the reporting person holds a total of 6,984 options to purchase the issuer's common stock on various dates and with varying exercise prices and vesting dates.