SEC Form 4 · accession 0001209191-17-017628
AVALONBAY COMMUNITIES INC · AVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William M McLaughlin
Officer — Executive Vice President
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 4:38 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 | Feb 28, 2017 | G | 1,200 | $0.00 | D | 51,256 | D | |
| Common Stock, par value $.01 per shareF3,F2 | Mar 1, 2017 | F | 2,561 | $183.31 | D | 48,695 | D | |
| Common Stock, par value $.01 per shareF2 | Mar 1, 2017 | M | 863 | $115.83 | A | 49,558 | D | |
| Common Stock, par value $.01 per shareF2 | Mar 1, 2017 | M | 752 | $132.95 | A | 50,310 | D | |
| Common Stock, par value $.01 per shareF2 | Mar 1, 2017 | M | 767 | $130.23 | A | 51,077 | D | |
| Common Stock, par value $.01 per shareF4,F2 | Mar 1, 2017 | F | 1,636 | $183.31 | D | 49,441 | D | |
| Common Stock, par value $.01 per shareF5,F2 | Mar 2, 2017 | S | 2,500 | $183.0677 | D | 46,941 | D | |
| Common Stock, par value $.01 per shareF6 | holding | — | — | — | 3,360 | I | Held by, for or in trust for children |
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)F7 | $115.83 | Mar 1, 2017 | M | 863 | D | Feb 16, 2012 | Feb 16, 2021 | Common Stock | 863 | 7,297 | D |
| Stock Options (Right to Buy)F8 | $132.95 | Mar 1, 2017 | M | 752 | D | Feb 16, 2013 | Feb 16, 2022 | Common Stock | 752 | 7,841 | D |
| Stock Options (Right to Buy)F9,F10 | $130.23 | Mar 1, 2017 | M | 767 | D | Feb 13, 2014 | Feb 13, 2023 | Common Stock | 767 | 8,164 | D |
Explanation of responses
- F1Reflects gift of 1,200 shares.
- F10Following the reported transaction, the reporting person holds a total of 28,414 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.
- F2The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.
- F3Reflects 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.
- F4Reflects payment of exercise price by delivering securities to the Company.
- F5This transaction was executed in multiple trades at prices ranging from $183.0302 to $183.1620. 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.
- F6No transaction is reported. The amount of securities owned indirectly following the reported transactions is included for information purposes only.
- F7The 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 equal annual installments beginning on February 16, 2012.
- F8The 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 equal annual installments beginning on February 16, 2013.
- F9The 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 equal annual installments beginning on February 13, 2014.