SEC Form 4 · accession 0001209191-19-018553
AVALONBAY COMMUNITIES INC · AVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy J Naughton
Officer — Chairman & CEO · Director
Period of report
Mar 7, 2019
Accepted (ET)
Mar 11, 2019 · 5:48 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 | 25,682 | $130.23 | A | 194,780 | D | |
| Common Stock, par value $.01 per shareF1 | Mar 7, 2019 | M | 17,850 | $132.95 | A | 212,630 | D | |
| Common Stock, par value $.01 per shareF2,F1 | Mar 7, 2019 | S | 43,532 | $196.39 | D | 169,098 | D | |
| Common Stock, par value $.01 per shareF1 | Mar 7, 2019 | M | 752 | $132.95 | A | 169,850 | D | |
| Common Stock, par value $.01 per shareF1 | Mar 7, 2019 | M | 767 | $130.23 | A | 170,617 | D | |
| Common Stock, par value $.01 per shareF3,F1 | Mar 7, 2019 | F | 1,023 | $195.50 | D | 169,594 | D | |
| Common Stock, par value $.01 per shareF1 | Mar 8, 2019 | M | 2,093 | $130.23 | A | 171,687 | D | |
| Common Stock, par value $.01 per shareF4,F1 | Mar 8, 2019 | S | 20,957 | $196.36 | D | 150,730 | D | |
| Common Stock, par value $.01 per shareF1 | Mar 8, 2019 | S | 3,300 | $197.00 | D | 147,430 | D | |
| Common Stock, par value $.01 per shareF5,F1 | Mar 8, 2019 | G | 100 | $0.00 | D | 147,330 | 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)F6 | $130.23 | Mar 7, 2019 | M | 26,449 | D | Feb 13, 2014 | Feb 13, 2023 | Common Stock | 26,449 | 2,093 | D |
| Stock Option (Right to Buy)F7 | $132.95 | Mar 7, 2019 | M | 18,602 | D | Feb 16, 2013 | Feb 16, 2022 | Common Stock | 18,602 | 0 | D |
| Stock Option (Right to Buy)F8,F6 | $130.23 | Mar 8, 2019 | M | 2,093 | D | Feb 13, 2014 | Feb 13, 2023 | Common Stock | 2,093 | 0 | 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 $196.005 to $196.760. 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 transaction was executed in multiple trades at prices ranging from $196.00 to $196.99. 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.
- F5Reflects gift of 100 shares at no cost.
- F6The 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.
- F7The 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.
- F8Following the reported transaction, the reporting person holds a total of 26,634 options to purchase the issuer's common stock.