-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, LIkiIDo6xAyP95vQKlmg/c3Lp1JFYZgT7GtsfdE5+9SosmfrsMV8DpCsEAzHbPpf MJRHWo0S9+pOS9CsOHooCQ== 0000927016-98-001049.txt : 19980323 0000927016-98-001049.hdr.sgml : 19980323 ACCESSION NUMBER: 0000927016-98-001049 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980309 FILED AS OF DATE: 19980319 SROS: NYSE SROS: PCX SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AVALON PROPERTIES INC CENTRAL INDEX KEY: 0000911536 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 061379111 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: SEC FILE NUMBER: 001-12452 FILM NUMBER: 98568992 BUSINESS ADDRESS: STREET 1: 15 RIVER ROAD STREET 2: SUITE 210 CITY: WILTON STATE: CT ZIP: 06897 BUSINESS PHONE: 2037616500 MAIL ADDRESS: STREET 1: 15 RIVER ROAD STREET 2: SUITE 210 CITY: WILTON STATE: CT ZIP: 06897 COMPANY DATA: COMPANY CONFORMED NAME: BAY APARTMENT COMMUNITIES INC CENTRAL INDEX KEY: 0000915912 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] OWNER IRS NUMBER: 942528309 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 BUSINESS ADDRESS: STREET 1: 4340 STEVENS CREEK BLVD STREET 2: STE 275 CITY: SAN JOSE STATE: CA ZIP: 95129 BUSINESS PHONE: 4089831500 MAIL ADDRESS: STREET 1: 4340 STEVENS CREEK BLVD STREET 2: STE 275 CITY: SAN JOSE STATE: CA ZIP: 95129 3 1 FORM 3 FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------------ OMB APPROVAL ------------------------------ OMB Number: 3235-0104 Expires: September 30, 1998 Estimated average burden hours per response........ 0.5 ------------------------------ INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 (Print or Type Responses) - ---------------------------------------------------------------------------- 1. Name and Address of Reporting Person* BAY APARTMENT COMMUNITIES, INC. - ---------------------------------------------------------------------------- (Last) (First) (Middle) 4340 STEVENS CREEK BOULEVARD, SUITE 275 - ---------------------------------------------------------------------------- (Street) SAN JOSE CA 95129 - ---------------------------------------------------------------------------- (City) (State) (Zip) 2. Date of Event Requiring Statement (Month/Day/Year) 03/09/98 -------------- 3. IRS Identification Number of Reporting Person if an Entity (Voluntary) -------------- 4. Issuer Name and Ticker or Trading Symbol AVALON PROPERTIES, INC. ("AVN") ----------------------------------- 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) [ ] Director [ ] Officer [X] 10% Owner [ ] Other (give title below) (specify below) ---------------------------------------------------------------------------- 6. If Amendment, Date of Original (Month/Day/Year) ---------------------------- 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form Filed by One Reporting Person [_] Form filed by More than One Reporting Person TABLE I--NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
1. Title 2. Amount of 3. Ownership Form: 4. Nature of Indirect of Security Securities Direct (D) or Beneficial (Instr. 4) Beneficially Indirect (I) Ownership Owned (Instr. 4) (Instr. 5) (Instr. 5) - ----------------- -------------------- ------------------ ---------------------- - ----------------- -------------------- ------------------ ---------------------- - ----------------- -------------------- ------------------ ---------------------- - ----------------- -------------------- ------------------ ---------------------- - ----------------- -------------------- ------------------ ---------------------- - ----------------- -------------------- ------------------ ---------------------- - ----------------- -------------------- ------------------ ---------------------- - ----------------- -------------------- ------------------ ---------------------- - ----------------- -------------------- ------------------ ---------------------- - ----------------- -------------------- ------------------ ---------------------- - ----------------- -------------------- ------------------ ---------------------- - ----------------- -------------------- ------------------ ---------------------- - ----------------- -------------------- -----------------------------------------
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. FORM 3 (continued) TABLE II--DERIVATIVE SECURITIES BENEFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities)
- ------------------------------------------------------------------------------------------------------------------------------------ 1. Title of Derivative 2. Date Exer- 3. Title and Amount of Securities 4. Conversion 5. Ownership 6. Nature of In- Security (Instr. 4) cisable and Underlying Derivative Security or Form of direct Bene- Expiration (Instr. 4) Exercise Derivative ficial Date Price Security: Ownership (Month/Day/ of Direct (D) (Instr. 5) Year) Derivative or In- -------- -------- -------------------- ------------ Security direct (I) Date Expira- Amount or (Instr. 5) Exer- tion Title Number of cisable Date Shares - ----------------------------- -------- -------- -------------------- ------------ -------------- --------------- ------------------ Option to purchase (C) (C) Common Stock, par 8,584,000 $ 28.8125 D Common Stock value $.01 per share (a)(b) - ----------------------------- -------- -------- -------------------- ------------ -------------- --------------- ------------------ - ----------------------------- -------- -------- -------------------- ------------ -------------- --------------- ------------------ - ----------------------------- -------- -------- -------------------- ------------ -------------- --------------- ------------------ - ----------------------------- -------- -------- -------------------- ------------ -------------- --------------- ------------------ - ----------------------------- -------- -------- -------------------- ------------ -------------- --------------- ------------------ - ----------------------------- -------- -------- -------------------- ------------ -------------- --------------- ------------------ - ----------------------------- -------- -------- -------------------- ------------ -------------- --------------- ------------------ - ----------------------------- -------- -------- -------------------- ------------ -------------- --------------- ------------------ - ----------------------------- -------- -------- -------------------- ------------ -------------- --------------- ------------------ - ----------------------------- -------- -------- -------------------- ------------ -------------- --------------- ------------------ - ----------------------------- -------- -------- -------------------- ------------ -------------- --------------- -----------------
Explanation of Responses: (a) Subject to adjustment as provided in the Stock Option Agreement between Bay Apartment Communities, Inc. ("Bay") and Avalon Properties, Inc. ("Avalon"), dated March 9, 1998 (the "Stock Option Agreement"). (b) Beneficial ownership of the 8,584,000 shares of common stock, par value $.01 per share, of Avalon reported herein (the "Option Shares") is being reported solely as a result of the option (the "Option") granted pursuant to the Stock Option Agreement. Since the Option has not yet become exercisable, Bay expressly disclaims beneficial ownership of the Option Shares, and this report shall not be deemed an admission that Bay is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. (c) The Option becomes exercisable upon the occurrence of certain events, none of which has occurred as of the date hereof. The Option will expire upon the occurrence of certain events. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. /s/ Gilbert M. Meyer March 19, 1998 ------------------------------- -------------- **Signature of Reporting Person Date Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. -----END PRIVACY-ENHANCED MESSAGE-----