SEC Form 4 · accession 0001209191-16-105205
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
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 3:40 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,F2 | Mar 1, 2016 | F | 2,128 | $177.63 | D | 46,279 | D | |
| Common Stock, par value $.01 per shareF2 | Mar 2, 2016 | M | 2,725 | $130.23 | A | 49,004 | D | |
| Common Stock, par value $.01 per shareF2 | Mar 2, 2016 | M | 696 | $143.34 | A | 49,700 | D | |
| Common Stock, par value $.01 per shareF2 | Mar 2, 2016 | M | 863 | $115.83 | A | 50,563 | D | |
| Common Stock, par value $.01 per shareF2 | Mar 2, 2016 | M | 752 | $132.95 | A | 51,315 | D | |
| Common Stock, par value $.01 per shareF2 | Mar 2, 2016 | S | 1,958 | $178.25 | D | 49,357 | D | |
| Common Stock, par value $.01 per shareF2 | Mar 2, 2016 | F | 2,240 | $178.53 | D | 47,117 | 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) | $130.23 | Mar 2, 2016 | M | 2,725 | D | Feb 13, 2014 | Feb 13, 2023 | Common Stock | 2,725 | 0 | D |
| Employee Stock Options (Right to Buy) | $143.34 | Mar 2, 2016 | M | 696 | D | Feb 8, 2008 | Feb 8, 2017 | Common Stock | 696 | 0 | D |
| Employee Stock Options (Right to Buy) | $115.83 | Mar 2, 2016 | M | 863 | D | Feb 16, 2012 | Feb 16, 2021 | Common Stock | 863 | 0 | D |
| Employee Stock Options (Right to Buy)F3 | $132.95 | Mar 2, 2016 | M | 752 | D | Feb 16, 2013 | Feb 16, 2022 | Common Stock | 752 | 0 | D |
Explanation of responses
- F1Reflects withholding of shares by the Company to cover tax withholding obligations on the vesting of restricted stock under the Company's Stock Option and Incentive Plan.
- F2The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.
- F3Following the reported transaction, the reporting person holds a total of 1,682 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.