SEC Form 4 · accession 0001209191-16-117213
AVALONBAY COMMUNITIES INC · AVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sean J. Breslin
Officer — Chief Operating Officer
Period of report
May 2, 2016
Accepted (ET)
May 4, 2016 · 10:37 am 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $.01 per shareF1 | May 2, 2016 | M | 696 | $143.34 | A | 32,922 | D | |
| Common Stock, par value $.01 per shareF1 | May 2, 2016 | M | 4,426 | $126.78 | A | 37,348 | D | |
| Common Stock, par value $.01 per shareF2,F1 | May 2, 2016 | S | 4,426 | $181.0771 | D | 32,922 | D | |
| Common Stock, par value $.01 per shareF1 | May 2, 2016 | F | 552 | $180.83 | D | 32,370 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F3 | $143.34 | May 2, 2016 | M | 696 | D | Feb 8, 2008 | Feb 8, 2017 | Common Stock | 696 | 0 | D |
| Stock Options (Right to Buy)F4,F5 | $126.78 | May 2, 2016 | M | 4,426 | D | Mar 13, 2014 | Mar 13, 2023 | Common Stock | 4,426 | 0 | D |
Explanation of responses
- F1The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted stock.
- F2This transaction was executed in multiple trades at prices ranging from $181.03 to $181.14. 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.
- F3The 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.
- F4The 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.
- F5Following the reported transaction, the reporting person holds a total of 8,396 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.