Stock Trading History of Naughton Timothy J

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Naughton Timothy J since year 2005. The trader's CIK number is 1219700. At the time of this reporting, Naughton Timothy J is the President of Avalonbay Communities Inc (stock ticker symbol AVB).

Stock purchases, sales, and option exercises reported by *Naughton Timothy J* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2006-08-30	AVB	Avalonbay Communities Inc	Sale	15,000	120.82	1,812,276
2006-08-30	AVB	Avalonbay Communities Inc	Option Exercise	15,000	45.95	689,250
2006-08-29	AVB	Avalonbay Communities Inc	Sale	15,000	120.03	1,800,412
2006-08-29	AVB	Avalonbay Communities Inc	Option Exercise	15,000	45.95	689,250
2006-02-24	AVB	Avalonbay Communities Inc	Sale	6,900	104.05	717,916
2006-02-23	AVB	Avalonbay Communities Inc	Sale	4,400	104.01	457,644
2006-02-24	AVB	Avalonbay Communities Inc	Option Exercise	6,900	33.75	232,875
2006-02-23	AVB	Avalonbay Communities Inc	Option Exercise	4,400	33.75	148,500

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Naughton Timothy J (President of Avalonbay Communities Inc at the time of this reporting) see the Securities and Exchange Commission (SEC) website.