Shareholders' Equity of MAA

9 Months Ended

Sep. 30, 2015

Shareholders' Equity of MAA [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Shareholders' Equity of MAA

On September 30, 2015, 75,379,381 shares of common stock of MAA and 4,185,065 OP Units were issued and outstanding, representing a total of 79,564,446 shares and units. At September 30, 2014, 75,242,266 shares of common stock of MAA and 4,202,123 OP Units were outstanding, representing a total of 79,444,389 shares and units. There were 58,112 outstanding options as of September 30, 2015 compared to 81,654 outstanding options as of September 30, 2014.

During the nine months ended September 30, 2015, 11,914 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 nine months ended September 30, 2014, 9,292 shares were acquired for these purposes.

During the nine months ended September 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 nine months ended September 30, 2014, we issued 263,259 shares related to the exercise of stock options. These exercises resulted in proceeds of $11.9 million.