SEC Form 4 · accession 0001209191-16-118747
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
May 6, 2016
Accepted (ET)
May 10, 2016 · 3:51 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 | 1,682 | $126.78 | A | 48,800 | D | |
| Common Stock, par value $.01 per shareF1 | May 6, 2016 | S | 1,682 | $185.50 | D | 47,118 | D | |
| Common Stock, par value $.01 per shareF1 | May 6, 2016 | S | 3,000 | $187.00 | D | 44,118 | D | |
| Common Stock, par value $.01 per shareF1 | May 9, 2016 | S | 3,000 | $188.50 | D | 41,118 | D | |
| Common Stock, par value $.01 per shareF1 | May 10, 2016 | S | 1,500 | $191.00 | D | 39,618 | D | |
| Common Stock, par value $.01 per shareF2,F1 | May 10, 2016 | G | 1,000 | $0.00 | D | 38,618 | 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,F4 | $126.78 | May 6, 2016 | M | 1,682 | D | Mar 13, 2014 | Mar 13, 2023 | Common Stock | 1,682 | 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.
- F2Reflects gift of 1,000 shares.
- F3The options exercised were included in options granted under the issuer's stock option and incentive plan on March 13, 2013, which became exercisable in three equal annual installments beginning on March 13, 2014.
- F4Following the reported transaction, the reporting person does not hold any options to purchase.