AVALONBAY COMMUNITIES INC — Director's Dealing 2012

Mar 9, 2012

SEC Form 4/A — Form 4/A

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2012-02-16

Reporting Person: HOREY LEO S III (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-16	Common Stock, par value $.01 per share	A	3285	$0.00	Acquired	81617.7376	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-16	Employee Stock Options (Right to Buy)	$132.95	A	7568	Acquired	2022-02-16	Common Stock (7568)	Direct

Footnotes

F1: Reflects grant of shares of restricted stock under the Company's Stock Option and Incentive Plan, which shares are subject to vesting requirements.

F2: The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares. The amount reflected on the original filing was inaccurate as the result of an administrative error.

F3: These options vest in three annual installments, with the first installment vesting on 2/16/2013.

F4: Reflects grant of options under the Company's Stock Option and Incentive Plan.

F5: Following the reported transaction, the reporting person held a total of 89,377 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates. The total number of options held reported in the original filing was inaccurate as the result of an administrative error.