3: Initial statement of beneficial ownership of securities
Published on March 7, 2005
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIESFiled pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 02/23/2005 |
3. Issuer Name and Ticker or Trading Symbol
AVALONBAY COMMUNITIES INC [ AVB ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
|---|---|---|---|
| Common Stock, par value $.01 per share | 8,950.443(1) | D |
| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Employee Stock Options (Right to Buy) | 02/13/2002(2) | 02/13/2011 | Common Stock, par value $.01 per share | 7,000 | 45.95 | D | |
| Employee Stock Options (Right to Buy) | 02/13/2003(3) | 02/13/2012 | Common Stock, par value $.01 per share | 4,880 | 45.79 | D | |
| Employee Stock Options (Right to Buy) | 02/12/2004(4) | 02/12/2013 | Common Stock, par value $.01 per share | 4,666 | 36.02 | D | |
| Employee Stock Options (Right to Buy) | 02/12/2005(5) | 02/12/2014 | Common Stock, par value $.01 per share | 9,727 | 50.6 | D | |
| Employee Stock Options (Right to Buy) | 02/11/2006(6) | 02/11/2015 | Common Stock, par value $.01 per share | 13,424 | 69.95 | D | |
| Explanation of Responses: |
| 1. The amount of securities owned reflects direct ownership of all shares of common stock, including restricted shares. |
| 2. The options reported were included in options granted on February 13, 2001 which became exercisable in three annual installments beginning on February 13, 2002. |
| 3. The options reported were included in options granted on February 13, 2002 which became exercisable in three annual installments beginning on February 13, 2003. |
| 4. The options reported were included in options granted on February 12, 2003, which become exercisable in three annual installments beginning on February 12, 2004. |
| 5. The options reported were included in options granted on February 12, 2004 which become exercisable in three annual installments beginning on February 12, 2005. |
| 6. The options reported were included in options granted on February 11, 2005 which will become exercisable in three annual installments beginning on February 11, 2006. |
| Remarks: |
| By Edward M. Schulman under Power of Attorney dated as of March 1, 2005. | 03/07/2005 | |
| ** Signature of Reporting Person | Date |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.