AVALONBAY COMMUNITIES INC — Director's Dealing 2015

Jan 5, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2014-12-31

Reporting Person: HOREY LEO S III (Chief Administrative Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-05	Common Stock, par value $.01 per share	G	65	$0.00	Disposed	46117.6086	Direct
2014-11-12	Common Stock, par value $.01 per share	G	97	$0.00	Disposed	46020.6086	Direct
2014-12-31	Common Stock, par value $.01 per share	F	275	$163.39	Disposed	45848.8799	Direct

Footnotes

F1: Reflects gift of 65 shares.

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

F3: Reflects gift of 97 shares.

F4: Reflects withholding of shares by the Company to cover tax withholding obligations on the vesting of restricted stock under the Company's Stock Option and Incentive Plan.