AVALONBAY COMMUNITIES INC 4
4 · AVALONBAY COMMUNITIES INC · Filed May 20, 2005
Insider Transaction Report
Form 4
SCHUSTER ALLAN D
Director
Transactions
- Award
Common Stock, par value $.01 per share
2005-05-18+1,998→ 24,522.857 total
Footnotes (2)
- [F1]Reflects grant of Deferred Stock Units ("Units") under the issuer"s Stock Option and Incentive Plan, which Units are subject to vesting requirements. The Units will convert into common stock when the reporting person ceases to be an employee or director of the issuer.
- [F2]The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including Units, which may be subject to vesting requirements, The amount of securities owned following the reported transaction also includes 99.946 Units issued to the reporting person on the issuer's first quarter dividend payment date and 115.543 Units issued to the reporting person on the issuer's second quarter dividend payment date, which additional Units were issued as dividend reinvestment equivalents on the reporting person's Units.