AVALONBAY COMMUNITIES INC — Director's Dealing 2011

Sep 14, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2011-09-13

Reporting Person: BUCKELEW ALAN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-13	Common Stock, par value $.01 per share	A	651	$0.00	Acquired	651	Direct

Footnotes

F1: Reflects grant of shares of restricted stock under the Company's Stock Option and Incentive Plan, some of which are subject to vesting requirements. These shares were granted to the reporting person as compensation for his service as a director of the issuer.

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