PRIMIS LANCE R 4
4 · AVALONBAY COMMUNITIES INC · Filed Dec 2, 2004
Insider Transaction Report
Form 4
PRIMIS LANCE R
Director
Transactions
- Exercise/Conversion
Stock Options (Right to Buy)
2004-11-30−10,000→ 21,000 totalExercise: $40.50From: 2001-05-17Exp: 2010-05-17→ Common Stock (10,000 underlying) - Exercise/Conversion
Common Stock, par value $.01 per share
2004-11-30$44.35/sh+7,000$310,450→ 24,218 total - Sale
Common Stock, par value $.01 per share
2004-11-30$70.84/sh−31,000$2,195,922→ 7,218 total - Exercise/Conversion
Common Stock, par value $.01 per share
2004-11-30$40.50/sh+10,000$405,000→ 17,218 total - Exercise/Conversion
Stock Options (Right to Buy)
2004-11-30−7,000→ 14,000 totalExercise: $44.35From: 2002-05-15Exp: 2011-05-15→ Common Stock (7,000 underlying)
Footnotes (8)
- [F1]The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares and deferred stock units which will automatically convert into common stock on a one-for-one basis when the reporting person ceases to be a director of the issuer.
- [F2]The options exercised were included in options granted on May 17, 2000, which became exercisable on May 17, 2001.
- [F3]The number of derivative securities benefically owned following the reported transaction includes options with varying exercise prices and vesting dates. Following the reported transaction, the reporting person holds no more options that expire on May 17, 2010 with an exercise price of $40.50.
- [F4]The options exercised were included in options granted on May 15, 2001 which became exercisable on May 15, 2002.
- [F5]The number of derivative securities beneficially owned following the reported transaction includes options with varying exercise prices and vesting dates. Following the reported transaction the reporting person holds no more options that expire on May 15, 2011 with an exercise price of $44.35.
- [F6]The options exercised were included in options granted on May 14, 2002 which became exercisable on May 14, 2003.
- [F7]The number of derivative securities beneficially owned following the reported transaction includes options granted in prior periods with varying exercise prices and vesting dates. Following the reported transaction the reporting person holds no more options that expire on May 14, 2012 with an exercise price of $46.36.
- [F8]The options exercised were included in options granted on May 21, 2003 which became exercisable on May 21, 2004.