AVALONBAY COMMUNITIES INC — Director's Dealing 2011

Mar 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2011-03-01

Reporting Person: Breslin Sean J. (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-03-01	Common Stock, par value $.01 per share	F	745	$117.10	Disposed	8913.9701	Direct

Footnotes

F1: 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.

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