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AVALONBAY COMMUNITIES INC — Director's Dealing 2015
Nov 25, 2015
30174_dirs_2015-11-25_72eef1c3-8d24-4e76-b119-e3f242ab3d1f.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: 2015-11-24
Reporting Person: SCHULMAN EDWARD M (EVP-General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-11-24 | Common Stock, par value $.01 per share | M | 3547 | $132.95 | Acquired | 20251.5367 | Direct |
| 2015-11-24 | Common Stock, par value $.01 per share | M | 3362 | $126.78 | Acquired | 23613.5367 | Direct |
| 2015-11-24 | Common Stock, par value $.01 per share | S | 7560 | $178.7878 | Disposed | 16053.5367 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-11-24 | Stock Options (Right to Buy) | $132.95 | M | 3547 | Disposed | 2022-02-16 | Common Stock (3547) | Direct |
| 2015-11-24 | Stock Options (Right to Buy) | $126.78 | M | 3362 | Disposed | 2023-03-13 | Common Stock (3362) | 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 $178.710 to $178.905. 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: The options exercised were included in options granted under the issuer's stock option and incentive plan on February 16, 2012 which became exercisable in three equal installments beginning on February 16, 2013.
F4: The options exercised were included in options granted under the issuer's stock option and incentive plan on March 13, 2013 which became exercisable in three equal installments beginning on March 13, 2014.
F5: Following the reported transaction, the reporting person holds a total of 7,184 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.