AVALONBAY COMMUNITIES INC — Director's Dealing 2017

May 30, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2017-05-25

Reporting Person: Lieb Richard J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-25	Common Stock, par value $.01 per share	A	703	$0.00	Acquired	1230	Direct

Footnotes

F1: Reflects grant of shares of restricted stock under the issuer's Second Amended and Restated 2009 Equity Incentive Plan, which are subject to vesting requirements.

F2: The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, some of which may be subject to vesting requirements.