SEC Form 4 · accession 0001209191-15-082670
AVALONBAY COMMUNITIES INC · AVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J Naughton
Officer — Chairman & CEO · Director
Period of report
Nov 27, 2015
Accepted (ET)
Dec 1, 2015 · 6:04 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 27, 2015 | M | 25,000 | $143.34 | A | 145,547 | D | |
| Common Stock, par value $.01 per shareF1 | Nov 27, 2015 | M | 25,000 | $86.40 | A | 170,547 | D | |
| Common Stock, par value $.01 per shareF2,F1 | Nov 27, 2015 | S | 39,835 | $182.1759 | D | 130,712 | D | |
| Common Stock, par value $.01 per shareF3,F1 | Nov 27, 2015 | S | 10,165 | $183.0518 | D | 120,547 | D | |
| Common Stock, par value $.01 per shareF1 | Nov 27, 2015 | M | 696 | $143.34 | A | 121,243 | D | |
| Common Stock, par value $.01 per shareF1 | Nov 27, 2015 | F | 548 | $182.35 | D | 120,695 | D | |
| Common Stock, par value $.01 per shareF1 | Nov 27, 2015 | M | 1,156 | $86.40 | A | 121,851 | D | |
| Common Stock, par value $.01 per shareF1 | Nov 27, 2015 | F | 548 | $182.35 | D | 121,303 | 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 | $143.34 | Nov 27, 2015 | M | 25,000 | D | Feb 8, 2008 | Feb 8, 2017 | Common Stock | 25,000 | 20,363 | D |
| Employee Stock Options (Right to Buy)F5 | $86.40 | Nov 27, 2015 | M | 25,000 | D | Feb 11, 2009 | Feb 11, 2018 | Common Stock | 25,000 | 27,161 | D |
| Employee Stock Options (Right to Buy)F4 | $143.34 | Nov 27, 2015 | M | 696 | D | Feb 8, 2008 | Feb 8, 2017 | Common Stock | 696 | 19,667 | D |
| Employee Stock Options (Right to Buy)F5,F6 | $86.40 | Nov 27, 2015 | M | 1,156 | D | Feb 11, 2009 | Feb 11, 2018 | Common Stock | 1,156 | 26,005 | 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 $181.69 to $182.63. 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 $182.78 to $183.32. 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 08, 2007, which become exercisable in three annual installments beginning on February 08, 2008.
- F5The options exercised were included in options granted under the issuer's stock option and incentive plan on February 11, 2008, which become exercisable in three annual installments beginning on February 11, 2009.
- F6Following the reported transaction, the reporting person holds a total of 151,148 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.