EQUITY RESIDENTIAL — Director's Dealing 2014

Dec 23, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EQUITY RESIDENTIAL (EQR)
CIK: 0000906107
Period of Report: 2014-12-22

Reporting Person: NEAL JOHN E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-22	Common Shares Of Beneficial Interest	M	3992	$45.33	Acquired	12500.2107	Direct
2014-12-22	Common Shares Of Beneficial Interest	S	3992	$73.50	Disposed	8508.2107	Direct
2014-12-22	Common Shares Of Beneficial Interest	M	4955	$58.89	Acquired	13463.2107	Direct
2014-12-22	Common Shares Of Beneficial Interest	S	4955	$73.50	Disposed	8508.2107	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-22	Non-qualified Stock Option (Right to Buy)	$45.33	M	3992	Disposed	2016-07-03	Common Shares Of Beneficial Interest (3992)	Direct
2014-12-22	Non-qualified Stock Option (Right to Buy)	$58.89	M	4955	Disposed	2021-06-16	Common Shares Of Beneficial Interest (4955)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares Of Beneficial Interest	17216.914	Indirect

Footnotes

F1: Direct total includes restricted shares of the Company scheduled to vest in the future.

F2: Represents shares owned by Principal Trust Company, as Trustee of the Equity Residential Supplemental Executive Retirement Plan, for the benefit of the reporting person.

F3: Represents share options scheduled to vest in approximately three equal installments on January 3, 2007, July 3, 2007 and July 3, 2008.