AVALONBAY COMMUNITIES INC — Director's Dealing 2017

Mar 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2017-03-01

Reporting Person: Birenbaum Matthew H. (Chief Investment Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-24	Common Stock, par value $.01 per share	G	250	$0.00	Disposed	44272	Direct
2017-03-01	Common Stock, par value $.01 per share	F	3123	$183.31	Disposed	41149	Direct

Footnotes

F1: Reflects gift of 250 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 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.