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AVALONBAY COMMUNITIES INC Director's Dealing 2010

Mar 2, 2010

30174_dirs_2010-03-02_be93a5e1-4ba5-490e-9413-7c1a87f339db.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2010-02-25

Reporting Person: HOREY LEO S III (Executive Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-02-25 Common Stock, par value $.01 per share S 1000 $81.0031 Disposed 62927.133 Direct
2010-03-01 Common Stock, par value $.01 per share F 1446 $81.26 Disposed 61481.133 Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $81.00 to $81.01. 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.

F2: The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.

F3: Reflects withholding of shares by the Company to cover tax withholding obligations on the vesting of restricted stock under the Company's Stock Option and Incentive Plan.