EQUITY RESIDENTIAL — Director's Dealing 2016

Mar 17, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EQUITY RESIDENTIAL (EQR)
CIK: 0000906107
Period of Report: 2016-03-16

Reporting Person: Santee David S (Executive Vice President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-16	Common Shares Of Beneficial Interest	M	13590	$48.94	Acquired	63279	Direct
2016-03-16	Common Shares Of Beneficial Interest	S	13590	$73.20	Disposed	49689	Direct
2016-03-16	Common Shares Of Beneficial Interest	M	13392	$50.42	Acquired	63081	Direct
2016-03-16	Common Shares Of Beneficial Interest	S	13392	$73.20	Disposed	49689	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-16	Non-qualified Stock Option (Right to Buy)	$48.94	M	13590	Disposed	2023-02-07	Common Shares Of Beneficial Interest (13590)	Direct
2016-03-16	Non-qualified Stock Option (Right to Buy)	$50.42	M	13392	Disposed	2024-02-06	Common Shares Of Beneficial Interest (13392)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares Of Beneficial Interest	16	Indirect

Footnotes

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

F2: Represents shares acquired through profit sharing contributions and dividend reinvestment activity in the reporting person's account with the Equity Residential Advantage 401(k) Retirement Savings Plan, a plan qualified under Section 401(k) of the Internal Revenue Code of 1986, as amended. Such shares represent acquisitions through March 10, 2016.

F3: Represents options which vested on February 7, 2014, February 7, 2015 and February 7, 2016.

F4: Represents options which are scheduled to vest on February 6, 2015, February 6, 2016 and February 6, 2017.