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AVALONBAY COMMUNITIES INC Director's Dealing 2010

Feb 22, 2010

30174_dirs_2010-02-22_5f23cfb9-29d5-4cdc-a315-b8707a940a29.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2010-02-10

Reporting Person: McLaughlin William M (Executive Vice President)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock, par value $.01 per share 46419.34 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Options (Right to Buy) $49.09 2014-02-12 Common Stock (9605) Direct
Employee Stock Options (Right to Buy) $67.86 2015-02-11 Common Stock (12898) Direct
Employee Stock Options (Right to Buy) $96.19 2016-02-09 Common Stock (28399) Direct
Employee Stock Options (Right to Buy) $143.34 2017-02-08 Common Stock (20404) Direct
Employee Stock Options (Right to Buy) $86.40 2018-02-11 Common Stock (22132) Direct
Employee Stock Options (Right to Buy) $48.60 2019-02-11 Common Stock (16107) Direct
Employee Stock Options (Right to Buy) $74.20 2020-02-11 Common Stock (6459) Direct

Footnotes

F1: Includes restricted shares granted under the Company's Stock Incentive Plan, a portion of which are subject to vesting.

F2: These options were granted on 02/12/2004 and became exercisable in three equal annual installments beginning 02/12/2005.

F3: The reporting person holds a total of 116,004 options to purchase the issuer's common stock granted on various dates with varying exercise prices and vesting dates.

F4: These options were granted on 02/11/2005 and became exercisable in three equal annual installments beginning 02/11/2006.

F5: These options were granted on 02/09/2006 and became exercisable in three equal annual installments beginning 02/09/2007.

F6: These options were granted on 02/08/2007 and became exercisable in three equal annual installments beginning 02/08/2008.

F7: These options were granted on 02/11/2008 and became exercisable in three equal annual installments beginning 02/11/2009.

F8: These options were granted on 02/11/2009 and became exercisable in three equal annual installments beginning 02/11/2010.

F9: These options were granted on 02/11/2010 and became exercisable in three equal annual installments beginning 02/11/2011.