Shareholders' Equity of MAA

6 Months Ended

Jun. 30, 2015

Shareholders' Equity of MAA [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Shareholders' Equity of MAA

On June 30, 2015, 75,375,027 shares of common stock of MAA and 4,186,369 OP Units were issued and outstanding, representing a total of 79,561,396 shares and units. At June 30, 2014, 75,194,807 shares of common stock of MAA and 4,207,126 OP Units were outstanding, representing a total of 79,401,933 shares and units. There were 58,112 outstanding options as of June 30, 2015 compared to 121,992 outstanding options as of June 30, 2014.

During the six months ended June 30, 2015, 11,755 shares of our common stock were acquired from employees to satisfy minimum tax withholding obligations that arose upon vesting of restricted stock granted pursuant to approved plans. During the six months ended June 30, 2014, 7,362 shares were acquired for these purposes.

During the six months ended June 30, 2015, we issued 7,342 shares related to the exercise of stock options. These exercises resulted in proceeds of $0.4 million. During the six months ended June 30, 2014, we issued 222,921 shares related to the exercise of stock options. These exercises resulted in proceeds of $9.5 million.