AVALONBAY COMMUNITIES INC — Director's Dealing 2018

Aug 28, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2018-08-24

Reporting Person: Breslin Sean J. (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-24	Common Stock, par value $.01 per share	M	3000	$130.23	Acquired	43174.7813	Direct
2018-08-24	Common Stock, par value $.01 per share	S	7200	$182.20	Disposed	35974.7813	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-24	Stock Option (Right to Buy)	$130.23	M	3000	Disposed	2023-02-13	Common Stock (3000)	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 $182.11 to $182.27. 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: These options were granted on 02/13/2013 and became exercisable in three equal annual installments beginning 02/13/2014.

F4: Following the reported transaction, the reporting person holds a total of 5,396 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.