SEC Form 4 · accession 0001209191-18-061352

AVALONBAY COMMUNITIES INC · AVB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chief Operating Officer

Period of report

Dec 3, 2018

Accepted (ET)

Dec 6, 2018 · 5:30 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
Common Stock, par value $.01 per share^F1	Dec 3, 2018	M	3,100	$130.23	A	39,076	D
Common Stock, par value $.01 per share^F2,F1	Dec 3, 2018	S	3,100	$189.13	D	35,976	D
Common Stock, par value $.01 per share^F1	Dec 3, 2018	M	752	$132.95	A	36,728	D
Common Stock, par value $.01 per share^F3,F1	Dec 3, 2018	F	525	$190.71	D	36,203	D
Common Stock, par value $.01 per share^F1	Dec 6, 2018	S	266	$188.50	D	35,937	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Option (Right to Buy)^F4	$130.23	Dec 3, 2018	M	3,100	D	Feb 13, 2014	Feb 13, 2023	Common Stock	3,100	1,544	D
Stock Option (Right to Buy)^F6,F5	$132.95	Dec 3, 2018	M	752	D	Feb 16, 2013	Feb 16, 2022	Common Stock	752	0	D

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 $189.11 to $189.22. 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.
F3Reflects shares swapped via a stock swap option exercise to cover the exercise price of the options.
F4The options exercised were included in options granted under the issuer's Second Amended and Restated 2009 Equity Incentive Plan on 02/13/2013, which became exercisable in three equal annual installments beginning on 02/13/2014.
F5The options exercised were included in options granted under the issuer's Second Amended and Restated 2009 Equity Incentive Plan on 02/16/2012, which became exercisable in three equal annual installments beginning on 02/16/2013.
F6Following the reported transaction, the reporting person holds a total of 1,544 options to purchase the issuer's common stock. The options were granted on 2/13/2013 with an exercise price of $130.23, which vested in three equal installments beginning 2/13/2014.