AVALONBAY COMMUNITIES INC — Director's Dealing 2011

Jun 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2011-06-14

Reporting Person: SARGEANT THOMAS J (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-14	Common Stock, par value $.01 per share	S	15000	$132.3515	Disposed	119029.6503	Direct
2011-06-15	Common Stock, par value $.01 per share	G	1000	$0.00	Disposed	118029.6503	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.01 per share	1352	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $132.25 to $132.475. 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 gift of 1,000 shares.

F4: No transaction is reported. The amount of securities owned indirectly following the reported transaction is included for information purposes only.