Shareholders' Equity of MAA

6 Months Ended

Jun. 30, 2016

Shareholders' Equity of MAA [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Shareholders' Equity of MAA

On June 30, 2016, 75,524,086 shares of MAA's common stock and 4,159,003 OP Units were issued and outstanding, representing a total of 79,683,089 shares and units. At June 30, 2015, 75,375,027 shares of MAA's common stock and 4,186,369 OP Units were outstanding, representing a total of 79,561,396 shares and units. There were outstanding options to purchase 39,084 shares of MAA's common stock as of June 30, 2016 compared to outstanding options to purchase 58,112 shares of MAA common stock as of June 30, 2015.

During the six months ended June 30, 2016, 18,988 shares of MAA's 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, 2015, 11,755 shares were acquired for that purpose.

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, 2016 there were no stock options exercised.