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Filing Details

Accession Number:: 0001209191-10-045233
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-09-07 11:00:08
Reporting Period:: 2010-09-02

Filing Date:: 2010-09-07
Accepted Time:: 2010-09-07 11:00:08
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
915912	Avalonbay Communities Inc	AVB	Real Estate Investment Trusts (6798)	770404318

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1219700	J Timothy Naughton	C/O Avalonbay Communities, Inc. Ballston Tower, 671 N. Glebe Road Arlington VA 22203	President	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $.01 Per Share	Acquisiton	2010-09-02	12,000	$44.42	117,512	No	4	M	Direct
Common Stock, Par Value $.01 Per Share	Disposition	2010-09-02	16,000	$108.08	101,512	No	4	S	Direct
Common Stock, Par Value $.01 Per Share	Acquisiton	2010-09-03	1,894	$44.42	103,406	No	4	M	Direct
Common Stock, Par Value $.01 Per Share	Acquisiton	2010-09-03	12,000	$34.94	115,406	No	4	M	Direct
Common Stock, Par Value $.01 Per Share	Disposition	2010-09-03	18,494	$109.79	96,912	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options (Right to Buy)	Disposition	2010-09-02	12,000	$0.00	12,000	$44.42
Common Stock	Stock Options (Right to Buy)	Disposition	2010-09-03	1,894	$0.00	1,894	$44.42
Common Stock	Stock Options (Right to Buy)	Disposition	2010-09-03	12,000	$0.00	12,000	$34.94

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,894	2003-02-13	2012-02-13	No	4	M	Direct
0	2003-02-13	2012-02-13	No	4	M	Direct
12,738	2004-02-12	2013-02-12	No	4	M	Direct

Footnotes

The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.
This transaction was executed in multiple trades at prices ranging from $108.05 to $108.15. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
This transaction was executed in multiple trades at prices ranging from $109.75 to $109.85. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
The options exercised were included in options granted under the issuer's stock option and incentive plan on February 13, 2002, which became exercisable in three annual installments beginning on February 13, 2003.
Following the reported transaction, the reporting person held a total of 426,359 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.
Following the reported transaction, the reporting person held a total of 424,465 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.
The options exercised were included in options granted under the issuer's stock option and incentive plan on February 12, 2003, which become exercisable in three annual installments beginning on February 12, 2004.
Following the reported transaction, the reporting person held a total of 412,465 options to purchase the issuer's common stock granted on various dates and with varying exercise prices and vesting dates.