AVALONBAY COMMUNITIES INC — Director's Dealing 2021

Mar 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVALONBAY COMMUNITIES INC (AVB)
CIK: 0000915912
Period of Report: 2021-02-25

Reporting Person: NAUGHTON TIMOTHY J (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-25	Common Stock, par value $.01 per share	A	8822	$0.00	Acquired	112736.7445	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-25	Employee Stock Options (Right to Buy)	$180.32	A	69832	Acquired	2031-02-25	Common Stock (69832)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.01 per share	53270	Indirect

Footnotes

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

F2: The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.

F3: No transaction is reported. The amount of securities owned indirectly following the reported transaction is included for information purposes only.

F4: Reflects grant of options under the Company's Second Amended and Restated 2009 Equity Incentive Plan.

F5: These options cliff vest 100% on 3/1/2023.