SEC Form 4 · accession 0001209191-18-059846

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

Nov 20, 2018

Accepted (ET)

Nov 23, 2018 · 3:31 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 share^F1	Nov 20, 2018	M	8,164	$130.23	A	59,683	D
Common Stock, par value $.01 per share^F1	Nov 20, 2018	M	7,297	$115.83	A	66,980	D
Common Stock, par value $.01 per share^F1	Nov 20, 2018	M	7,841	$132.95	A	74,821	D
Common Stock, par value $.01 per share^F2,F1	Nov 20, 2018	S	15,639	$186.5903	D	59,182	D
Common Stock, par value $.01 per share^F3,F1	Nov 20, 2018	S	7,163	$187.3878	D	52,019	D
Common Stock, par value $.01 per share^F4,F1	Nov 20, 2018	S	500	$188.12	D	51,519	D
Common Stock, par value $.01 per share^F5	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	D/I
Stock Options (Right to Buy)^F6	$130.23	Nov 20, 2018	M	8,164	D	Feb 13, 2014	Feb 13, 2023	Common Stock	8,164	D
Stock Options (Right to Buy)^F7	$115.83	Nov 20, 2018	M	7,297	D	Feb 16, 2012	Feb 16, 2021	Common Stock	7,297	D
Stock Options (Right to Buy)^F8,F9	$132.95	Nov 20, 2018	M	7,841	D	Feb 16, 2013	Feb 16, 2022	Common Stock	7,841	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.
F2The transaction was executed in multiple trades at prices ranging from $186.00 to $186.99. 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.
F3This transaction was executed in multiple trades at prices ranging from $187.00 to $187.96. 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.
F4This transaction was executed in multiple trades at prices ranging from $188.00 to $188.18. 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.
F5No transaction is reported. The amount of securities owned indirectly following the reported transactions is included for information purposes only.
F6The 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.
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.
F9Following the reported transaction, the reporting person holds no options to purchase the issuer's common stock.