Keri A. Shea - Feb 11, 2016 Form 4 Insider Report for AVALONBAY COMMUNITIES INC (AVB)

Signature
Keri A. Shea
Stock symbol
AVB
Transactions as of
Feb 11, 2016
Transactions value $
-$364,505
Form type
4
Date filed
12/23/2024, 05:03 PM
Previous filing
Dec 23, 2024
Next filing
Jun 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVB Common Stock, par value $.01 per share Award $0 +213 +61.03% $0.00 562 Feb 11, 2016 By spouse F1
transaction AVB Common Stock, par value $.01 per share Tax liability -$12.8K -72 -12.81% $177.63 490 Mar 1, 2016 By spouse F2
transaction AVB Common Stock, par value $.01 per share Sale -$4.61K -25 -5.1% $184.43 465 May 4, 2016 By spouse F3
transaction AVB Common Stock, par value $.01 per share Sale -$35.4K -185 -39.78% $191.25 280 May 10, 2016 By spouse
transaction AVB Common Stock, par value $.01 per share Sale -$6.81K -40 -14.29% $170.33 240 Sep 12, 2016 By spouse F3
transaction AVB Common Stock, par value $.01 per share Sale -$6.47K -38 -15.83% $170.15 202 Dec 14, 2016 By spouse F3
transaction AVB Common Stock, par value $.01 per share Award $0 +155 +76.73% $0.00 357 Feb 16, 2017 By spouse F1
transaction AVB Common Stock, par value $.01 per share Tax liability -$11.9K -65 -18.21% $183.31 292 Mar 1, 2017 By spouse F2
transaction AVB Common Stock, par value $.01 per share Award $0 +168 +57.53% $0.00 460 Feb 15, 2018 By spouse F1
transaction AVB Common Stock, par value $.01 per share Tax liability -$12.2K -79 -17.17% $155.05 381 Mar 1, 2018 By spouse F2
transaction AVB Common Stock, par value $.01 per share Award $0 +258 +67.72% $0.00 639 Feb 14, 2019 By spouse F1
transaction AVB Common Stock, par value $.01 per share Tax liability -$12.2K -63 -9.86% $194.25 576 Mar 1, 2019 By spouse F2
transaction AVB Common Stock, par value $.01 per share Sale -$71.2K -354 -61.46% $201.03 222 May 6, 2019 By spouse
transaction AVB Common Stock, par value $.01 per share Sale -$8.05K -40 -18.02% $201.20 182 May 6, 2019 By spouse F3
transaction AVB Common Stock, par value $.01 per share Award $0 +305 +167.58% $0.00 487 Feb 13, 2020 By spouse F1
transaction AVB Common Stock, par value $.01 per share Tax liability -$13.4K -67 -13.76% $200.59 420 Mar 1, 2020 By spouse F2
transaction AVB Common Stock, par value $.01 per share Other $0 +461 +109.76% $0.00 881 Feb 25, 2021 By spouse F4
transaction AVB Common Stock, par value $.01 per share Tax liability -$20.9K -118 -13.39% $177.02 763 Mar 1, 2021 By spouse F2
transaction AVB Common Stock, par value $.01 per share Sale -$68.3K -300 -39.32% $227.83 463 Aug 5, 2021 By spouse F4
transaction AVB Common Stock, par value $.01 per share Award $0 +239 +51.62% $0.00 702 Feb 17, 2022 By spouse F1
transaction AVB Common Stock, par value $.01 per share Tax liability -$30.2K -129 -18.38% $234.18 573 Mar 1, 2022 By spouse F2
transaction AVB Common Stock, par value $.01 per share Award $0 +277 +48.34% $0.00 850 Feb 23, 2023 By spouse F1
transaction AVB Common Stock, par value $.01 per share Tax liability -$23K -137 -16.12% $168.21 713 Mar 1, 2023 By spouse F2
transaction AVB Common Stock, par value $.01 per share Other $0 +835 +117.11% $0.00 1.55K Feb 13, 2024 By spouse F5
transaction AVB Common Stock, par value $.01 per share Tax liability -$26.9K -151 -12.74% $178.14 1.03K Mar 1, 2024 By spouse F2, F6
holding AVB Common Stock, par value $.01 per share 4.38K Feb 11, 2016 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AVB Employee Stock Options (Right to Buy) Award $0 +1.22K $0.00 1.22K Feb 25, 2021 Common Stock 1.22K $180.32 By spouse
holding AVB Employee Stock Options (Right to Buy) 3.14K Feb 11, 2016 Common Stock 3.14K $180.32 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the grant of shares of common stock under the Company's 2009 Equity Incentive Plan (the "2009 Plan") to the reporting person's spouse, an employee of the issuer ("Spouse").
F2 Reflects withholding of shares by the Company to cover tax withholding obligations on the vesting of restricted stock and performance share unit awards that were awarded to Spouse under the 2009 Plan.
F3 The reported sale was a sale of shares acquired by Spouse through the Company's employee stock purchase plan ("ESPP"). Purchases of shares through the ESPP and the Company's dividend reinvestment program are not itemized above and the number of shares owned following each transaction does not reflect the holding of such acquired shares, with the exception of the number of securities beneficially owned following the transaction reported on March 1, 2024, which includes 257.8859 of such shares held as of the date hereof.
F4 These transactions relate to the issuance of shares of common stock to Spouse under the 2009 Plan. Of the shares issued on February 25, 2021, 78 shares were unrestricted shares issued upon settlement of performance-based share units. On August 5, 2021, Spouse subsequently sold 21 of these unrestricted shares, which caused the issuance of such 21 shares to be matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), against a sale by the reporting person on August 6, 2021, at a greater price per share of $229.52, which sale was previously reported. The reporting person has voluntarily disgorged to the issuer the full amount of the resulting statutory profit calculated pursuant to Section 16(b) of the Exchange Act. The remaining 279 shares sold by Spouse on August 5, 2021, were acquired from the Company under the 2009 Plan or the ESPP and were held for more than six months and the acquisition was therefore exempt under Rule 16b-3(d)(3).
F5 This transaction relates to the issuance of shares of common stock to Spouse under the 2009 Plan. Of the shares issued on February 13, 2024, 232 shares were unrestricted shares issued upon settlement of performance-based share units. On August 6, 2024, as previously reported, Spouse subsequently sold 162 of these unrestricted shares, which caused the issuance of such 162 shares to be matchable under Section 16(b) of the Exchange Act against a sale by the reporting person also on August 6, 2024, at a greater price per share of $207.33, which sale was also previously reported. The reporting person has voluntarily disgorged to the issuer the full amount of the resulting statutory profit calculated pursuant to Section 16(b) of the Exchange Act. The remaining 699 shares sold by Spouse on August 6, 2024, were acquired from the Company under the 2009 Plan or the ESPP and were held for more than six months and the acquisition was therefore exempt under Rule 16b-3(d)(3).
F6 The amount of securities owned following the reported transaction reflects deemed indirect ownership of all shares of common stock, including restricted shares, held by Spouse as of the date hereof. The amount includes the aggregate number of shares now owned that were originally acquired by Spouse through the ESPP (including shares held in the ESPP and acquired through participation in the Company's dividend reinvestment program) from 2012 through the date hereof and reflects the impact of the sale of 861 shares of common stock by Spouse on August 6, 2024. The reporting person disclaims beneficial ownership of shares held by Spouse.

Remarks:

This Form 4 is the second of two Form 4s filed by the reporting person relating to the events reported. The Form 4 has been split into two filings due to a limitation in the number of line items that may be included in a single Form 4. Each Form 4 will be filed by the reporting person.