SEC Form 4 · accession 0001209191-16-118390
AVALONBAY COMMUNITIES INC · AVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keri A Shea
Officer — SVP-Finance and Treasurer
Period of report
May 6, 2016
Accepted (ET)
May 9, 2016 · 12:45 pm 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 6, 2016 | M | 1,071 | $115.83 | A | 7,959 | D | |
| Common Stock, par value $.01 per shareF1 | May 6, 2016 | M | 1,337 | $132.95 | A | 9,296 | D | |
| Common Stock, par value $.01 per shareF1 | May 6, 2016 | M | 1,400 | $130.23 | A | 10,696 | D | |
| Common Stock, par value $.01 per shareF2,F1 | May 6, 2016 | S | 3,808 | $184.5484 | D | 6,888 | 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)F3 | $115.83 | May 6, 2016 | M | 1,071 | D | Feb 16, 2012 | Feb 16, 2021 | Common Stock | 1,071 | 0 | D |
| Employee Stock Options (Right to Buy)F4 | $132.95 | May 6, 2016 | M | 1,337 | D | Feb 16, 2013 | Feb 16, 2022 | Common Stock | 1,337 | 0 | D |
| Employee Stock Options (Right to Buy)F5,F6 | $130.23 | May 6, 2016 | M | 1,400 | D | Feb 13, 2014 | Feb 13, 2023 | Common Stock | 1,400 | 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 shares.
- F2This transaction was executed in multiple trades at prices ranging from $184.4600 to $184.5513. 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 16, 2011, which became exercisable in three annual installments beginning on February 16, 2012.
- F4The 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.
- F5The 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.
- F6Following the reported transactions, the reporting person does not hold any options to purchase.