AVALONBAY CMNTYS INC

Ticker: AVB CUSIP: 053484101 Class: COM

Standard Investments LLC's Holding History (CIK: 0001539436)

Note: Option positions (PUT/CALL) are excluded.

Q3 2015

Shares 28,576 Value ($000) $4,996 Avg Close $119.50 Range $112.12 - $127.12

Q4 2014

Shares 28,014 Value ($000) $4,577 Avg Close $108.21 Range $97.29 - $117.40

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	28,576	$4,996	$119.50	$112.12 - $127.12
Q4 2014	28,014	$4,577	$108.21	$97.29 - $117.40