SEC Form 4 · accession 0001209191-15-081810

AVALONBAY COMMUNITIES INC · AVB

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

Reporting owner

Officer — Chief Operating Officer

Period of report

Nov 19, 2015

Accepted (ET)

Nov 23, 2015 · 5:11 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
Common Stock, par value $.01 per share^F1,F2	Nov 19, 2015	M	1,789	$132.95	A	26,293	D
Common Stock, par value $.01 per share^F2	Nov 19, 2015	M	2,500	$126.78	A	28,793	D
Common Stock, par value $.01 per share^F3,F2	Nov 19, 2015	S	4,289	$177.1784	D	24,504	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	$132.95	Nov 19, 2015	M	1,789	D	Feb 16, 2013	Feb 16, 2022	Common Stock	1,789	752	D
Employee Stock Options (Right to Buy)^F5,F6	$126.78	Nov 19, 2015	M	2,500	D	Mar 13, 2014	Mar 13, 2023	Common Stock	2,500	4,426	D

F1Since the date of the reporting person's last ownership report, he transferred 4,016 shares of Common Stock to his ex-wife pursuant to a domestic relations order. The reporting person no longer reports any of these transferred securities as beneficially owned.
F2The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted stock.
F3This transaction was executed in multiple trades at prices ranging from $177.1703 to $177.1787. 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 become exercisable in three 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 March 13, 2013, which become exercisable in three annual installments beginning on March 13, 2014.
F6Following the reported transaction, the reporting person holds a total of 13,518 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.