Morris James Richard 4
4 · AVALONBAY COMMUNITIES INC · Filed Jun 17, 2011
Insider Transaction Report
Form 4
Morris James Richard
Senior Vice President
Transactions
- Tax Payment
Common Stock, par value $.01 per share
2011-06-16$128.73/sh−3,063$394,300→ 35,435.62 total - Award
Common Stock, par value $.01 per share
2011-06-16+13,346→ 38,498.62 total
Footnotes (3)
- [F1]Reflects the settlement of Deferred Stock Awards granted under the Company's 1994 Stock Option and Incentive Plan in the form of shares of restricted and unrestricted stock following the June 16, 2011, determination by the Compensation Committee of the Company's Board of Directors that goals had been fully achieved under the Company's three year 2008 Performance Plan.
- [F2]The amount of securities owned following the reported transaction reflects direct ownership of all shares of common stock, including restricted shares.
- [F3]Reflects withholding of shares by the Company to cover tax withholding obligations due on receipt of unrestricted stock.