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AVALONBAY COMMUNITIES INC Director's Dealing 2011

Nov 14, 2011

30174_dirs_2011-11-14_5fdfc633-eee5-469f-a838-e8318087c4bf.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: 2011-11-09

Reporting Person: BLAIR BRYCE (Director, CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-11-09 Common Stock, par value $.01 per share S 1495 $125.2756 Disposed 282041.8211 Direct
2011-11-09 Common Stock, par value $.01 per share S 3939 $126.3375 Disposed 278102.8211 Direct
2011-11-09 Common Stock, par value $.01 per share S 1361 $127.5243 Disposed 276741.8211 Direct
2011-11-09 Common Stock, par value $.01 per share S 4876 $128.5776 Disposed 271865.8211 Direct
2011-11-09 Common Stock, par value $.01 per share S 124 $129.1181 Disposed 271741.8211 Direct
2011-11-10 Common Stock, par value $.01 per share S 11976 $125.2774 Disposed 259765.8211 Direct
2011-11-11 Common Stock, par value $.01 per share S 1795 $126.7268 Disposed 257970.8211 Direct
2011-11-11 Common Stock, par value $.01 per share S 1205 $127.2995 Disposed 256765.8211 Direct
2011-11-11 Common Stock, par value $.01 per share S 7891 $128.7854 Disposed 248874.8211 Direct
2011-11-11 Common Stock, par value $.01 per share S 4650 $129.0678 Disposed 244224.8211 Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $125.00 to $125.95. 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: This transaction was executed in multiple trades at prices ranging from $126.01 to $126.92. 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.

F4: This transaction was executed in multiple trades at prices ranging from $127.10 to $127.98. 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.

F5: This transaction was executed in multiple trades at prices ranging from $128.10 to $128.99. 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.

F6: This transaction was executed in multiple trades at prices ranging from $129.11 to $129.12. 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.

F7: This transaction was executed in multiple trades at prices ranging from $125.00 to $125.99. 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.

F8: This transaction was executed in multiple trades at prices ranging from $126.17 to $126.98. 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.

F9: This transaction was executed in multiple trades at prices ranging from $127.00 to $127.97. 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.

F10: This transaction was executed in multiple trades at prices ranging from $128.08 to $128.99. 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.

F11: This transaction was executed in multiple trades at prices ranging from $129.00 to $129.33. 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.