SEC Form 4 · accession 0001209191-19-018382
AVALONBAY COMMUNITIES INC · AVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward M Schulman
Officer — EVP-General Counsel
Period of report
Mar 7, 2019
Accepted (ET)
Mar 11, 2019 · 3:18 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 | Mar 7, 2019 | M | 752 | $132.95 | A | 23,863 | D | |
| Common Stock, par value $.01 per shareF1 | Mar 7, 2019 | M | 767 | $130.23 | A | 24,630 | D | |
| Common Stock, par value $.01 per shareF2,F1 | Mar 7, 2019 | F | 1,023 | $195.50 | D | 23,607 | 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)F3 | $132.95 | Mar 7, 2019 | M | 752 | D | Feb 16, 2013 | Feb 16, 2022 | Common Stock | 752 | 0 | D |
| Stock Option (Right to Buy)F5,F4 | $130.23 | Mar 7, 2019 | M | 767 | D | Feb 13, 2014 | Feb 13, 2023 | Common Stock | 767 | 1,992 | 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 shares swapped via a stock swap option exercise to cover the exercise price of the options.
- F3The options exercised were included in options granted under the issuer's Second Amended and Restated 2009 Equity Incentive Plan on 2/16/2012, which became exercisable in three equal annual installments beginning on 2/16/2013.
- F4The options exercised were included in options granted under the issuer's Second Amended and Restated 2009 Equity Incentive Plan on 2/13/2013, which became exercisable in three equal annual installments beginning on 2/13/2014.
- F5Following the reported transaction, the reporting person holds a total of 1,992 options to purchase the issuer's common stock.