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AVALONBAY COMMUNITIES INC — Director's Dealing 2019
Nov 19, 2019
30174_dirs_2019-11-19_e32c9d77-2e7f-40a1-bcec-127a1d1f4c65.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: 2019-11-15
Reporting Person: NAUGHTON TIMOTHY J (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-11-15 | Common Stock, par value $.01 per share | M | 26634 | $126.78 | Acquired | 173963.7445 | Direct |
| 2019-11-15 | Common Stock, par value $.01 per share | S | 20861 | $213.4396 | Disposed | 153102.7445 | Direct |
| 2019-11-15 | Common Stock, par value $.01 per share | S | 5773 | $214.1868 | Disposed | 147329.7445 | Direct |
| 2019-11-15 | Common Stock, par value $.01 per share | G | 11896 | $0.00 | Disposed | 135433.7445 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-11-15 | Stock Option (Right to Buy) | $126.78 | M | 26634 | Disposed | 2023-03-13 | Common Stock (26634) | 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: The transaction was executed in multiple trades at prices ranging from $213.00 to $213.98. 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 transaction was executed in multiple trades at prices ranging from $214.00 to $214.49. 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.
F4: Reflects gift of 11,896 shares at no cost.
F5: The options exercised were included in options granted under the issuer's Second Amended and Restated 2009 Equity Incentive Plan on
3/13/2013, which became exercisable in three equal annual installments beginning on 3/13/2014.
F6: Following the reported transaction, the reporting person does not hold any options to purchase the company's stock.