AVALONBAY COMMUNITIES INC — Director's Dealing 2019

Mar 11, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2019-03-07

Reporting Person: SCHULMAN EDWARD M (EVP-General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-07	Common Stock, par value $.01 per share	M	752	$132.95	Acquired	23863.2497	Direct
2019-03-07	Common Stock, par value $.01 per share	M	767	$130.23	Acquired	24630.2497	Direct
2019-03-07	Common Stock, par value $.01 per share	F	1023	$195.50	Disposed	23607.2497	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-07	Stock Option (Right to Buy)	$132.95	M	752	Disposed	2022-02-16	Common Stock (752)	Direct
2019-03-07	Stock Option (Right to Buy)	$130.23	M	767	Disposed	2023-02-13	Common Stock (767)	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: Reflects shares swapped via a stock swap option exercise to cover the exercise price of the options.

F3: The options exercised were included in options granted under the issuer's Second Amended and Restated 2009 Equity Incentive Plan on 2/16/2012, which became exercisable in three equal annual installments beginning on 2/16/2013.

F4: The options exercised were included in options granted under the issuer's Second Amended and Restated 2009 Equity Incentive Plan on 2/13/2013, which became exercisable in three equal annual installments beginning on 2/13/2014.

F5: Following the reported transaction, the reporting person holds a total of 1,992 options to purchase the issuer's common stock.