SEC Form 4 · accession 0001209191-18-048625
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
Aug 24, 2018
Accepted (ET)
Aug 28, 2018 · 2:23 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 | Aug 24, 2018 | M | 3,000 | $130.23 | A | 43,175 | D | |
| Common Stock, par value $.01 per shareF2,F1 | Aug 24, 2018 | S | 7,200 | $182.20 | D | 35,975 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F4,F3 | $130.23 | Aug 24, 2018 | M | 3,000 | D | Feb 13, 2014 | Feb 13, 2023 | Common Stock | 3,000 | 4,644 | 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 $182.11 to $182.27. 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.
- F3These options were granted on 02/13/2013 and became exercisable in three equal annual installments beginning 02/13/2014.
- F4Following the reported transaction, the reporting person holds a total of 5,396 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.