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AVALONBAY COMMUNITIES INC — Director's Dealing 2015
Dec 2, 2015
30174_dirs_2015-12-01_7212b7ac-90ce-4cc5-8ee8-8f0ec24b5274.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: 2015-11-27
Reporting Person: NAUGHTON TIMOTHY J (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-11-27 | Common Stock, par value $.01 per share | M | 25000 | $143.34 | Acquired | 145547.2237 | Direct |
| 2015-11-27 | Common Stock, par value $.01 per share | M | 25000 | $86.40 | Acquired | 170547.2237 | Direct |
| 2015-11-27 | Common Stock, par value $.01 per share | S | 39835 | $182.1759 | Disposed | 130712.2237 | Direct |
| 2015-11-27 | Common Stock, par value $.01 per share | S | 10165 | $183.0518 | Disposed | 120547.2237 | Direct |
| 2015-11-27 | Common Stock, par value $.01 per share | M | 696 | $143.34 | Acquired | 121243.2237 | Direct |
| 2015-11-27 | Common Stock, par value $.01 per share | F | 548 | $182.35 | Disposed | 120695.2237 | Direct |
| 2015-11-27 | Common Stock, par value $.01 per share | M | 1156 | $86.40 | Acquired | 121851.2237 | Direct |
| 2015-11-27 | Common Stock, par value $.01 per share | F | 548 | $182.35 | Disposed | 121303.2237 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-11-27 | Employee Stock Options (Right to Buy) | $143.34 | M | 25000 | Disposed | 2017-02-08 | Common Stock (25000) | Direct |
| 2015-11-27 | Employee Stock Options (Right to Buy) | $86.40 | M | 25000 | Disposed | 2018-02-11 | Common Stock (25000) | Direct |
| 2015-11-27 | Employee Stock Options (Right to Buy) | $143.34 | M | 696 | Disposed | 2017-02-08 | Common Stock (696) | Direct |
| 2015-11-27 | Employee Stock Options (Right to Buy) | $86.40 | M | 1156 | Disposed | 2018-02-11 | Common Stock (1156) | 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: This transaction was executed in multiple trades at prices ranging from $181.69 to $182.63. 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.
F3: This transaction was executed in multiple trades at prices ranging from $182.78 to $183.32. 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: The options exercised were included in options granted under the issuer's stock option and incentive plan on February 08, 2007, which become exercisable in three annual installments beginning on February 08, 2008.
F5: The options exercised were included in options granted under the issuer's stock option and incentive plan on February 11, 2008, which become exercisable in three annual installments beginning on February 11, 2009.
F6: Following the reported transaction, the reporting person holds a total of 151,148 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.