EQUITY RESIDENTIAL — Director's Dealing 2014

Nov 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EQUITY RESIDENTIAL (EQR)
CIK: 0000906107
Period of Report: 2014-10-31

Reporting Person: NEAL JOHN E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-31	Common Shares Of Beneficial Interest	M	5680	$59.47	Acquired	14188.2107	Direct
2014-10-31	Common Shares Of Beneficial Interest	S	5680	$68.50	Disposed	8508.2107	Direct
2014-10-31	Common Shares Of Beneficial Interest	M	5713	$56.44	Acquired	14221.2107	Direct
2014-10-31	Common Shares Of Beneficial Interest	S	5713	$68.50	Disposed	8508.2107	Direct
2014-10-31	Common Shares Of Beneficial Interest	M	3700	$23.07	Acquired	12208.2107	Direct
2014-10-31	Common Shares Of Beneficial Interest	S	3700	$68.50	Disposed	8508.2107	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-31	Non-qualified Stock Option (Right to Buy)	$59.47	M	5680	Disposed	2022-06-21	Common Shares Of Beneficial Interest (5680)	Direct
2014-10-31	Non-qualified Stock Option (Right to Buy)	$56.44	M	5713	Disposed	2023-06-13	Common Shares Of Beneficial Interest (5713)	Direct
2014-10-31	Non-qualified Stock Option (Right to Buy)	$23.07	M	3700	Disposed	2019-02-06	Common Shares Of Beneficial Interest (3700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares Of Beneficial Interest	21521.142	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 (the "SERP"), for the benefit of the reporting person. Also includes restricted shares that the reporting person deferred to the SERP upon vesting of the shares.

F3: Represents share options scheduled to vest in approximately three equal installments on February 6, 2010, February 6, 2011 and February 6, 2012.