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AVALONBAY COMMUNITIES INC Director's Dealing 2012

Mar 6, 2012

30174_dirs_2012-03-06_f07ed94b-4c34-46b4-9e8b-0270f66a95b6.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: 2012-03-05

Reporting Person: SCHULMAN EDWARD M (EVP-General Counsel)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-03-05 Common Stock, par value $.01 per share M 2058 $48.60 Acquired 18096.7164 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-03-05 Stock Options (Right to Buy) $48.60 M 2058 Disposed 2019-02-11 Common Stock (2058) Direct

Footnotes

F1: The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.

F2: The options exercised were included in options granted under the issuer's stock option and incentive plan on February 11, 2009 which became exercisable in three equal installments beginning on February 11, 2010.

F3: Following the reported transaction, the reporting person holds 21,535 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.