FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Teabo Sheila J.   2. Issuer Name and Ticker or Trading Symbol POST PROPERTIES INC [PPS] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Vice Pres. (Last) (First) (Middle) 4401 NORTHSIDE PARKWAY, SUITE 800 3. Date of Earliest Transaction (Month/Day/Year) 11/30/2016 (Street) ATLANTA, GA 30327 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 11/30/2016   F(1)(2)   804 (3) D $ 65.02 34,858.66 (4) D   Common Stock 11/30/2016   F(1)(2)   2,175 (3) D $ 65.02 32,683.66 D   Common Stock 11/30/2016   F(1)(2)   3,152 (3) D $ 65.02 29,531.66 D   Common Stock 11/30/2016   D   29,531.66 D (1) 0 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Underlying Securities (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Units in 401(k) Plan	(5)	11/30/2016		D(5)			1,610.8714 (5)	(5)	(5)	Common Stock	1,610.8714 (5)	(5)	0	D
Stock Option	$ 37.04	11/30/2016		D(6)			1,014	(6)	02/07/2021	Common Stock	1,014	(6)	0	D
Stock Option	$ 44.05	11/30/2016		D(6)			2,970	(6)	01/25/2022	Common Stock	2,970	(6)	0	D
Stock Option	$ 50.3	11/30/2016		D(6)			2,900	(6)	01/28/2023	Common Stock	2,900	(6)	0	D
Stock Option	$ 46.93	11/30/2016		D(6)			3,880	(6)	01/31/2024	Common Stock	3,880	(6)	0	D
Stock Option	$ 60.4	11/30/2016		D(6)			3,290	(6)	02/03/2025	Common Stock	3,290	(6)	0	D
Stock Option	$ 57.8	11/30/2016		D(6)			10,070	(6)	02/01/2026	Common Stock	10,070	(6)	0	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Teabo Sheila J. 4401 NORTHSIDE PARKWAY SUITE 800 ATLANTA, GA 30327			Executive Vice Pres.

Signatures

/s/ Sherry W. Cohen, Power of Attorney		11/30/2016
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	As of November 30, 2016, Issuer was acquired by Mid-America Apartment Communities, Inc. ("MAA") pursuant to a merger agreement dated August 15, 2016 (Merger Agreement"), as described in the Issuer/MAA Joint Proxy Statement dated September 30, 2016 and filed by MAA with the SEC on that date (the "Merger"). Each outstanding share of Issuer Common Stock was converted into .71 shares of MAA Common Stock ("Exchange Ratio") with cash paid for fractional shares. All dispositions by Reporting Person in the Merger were approved in advance by Issuer's Board of Directors.
(2)	Issuer outstanding unvested restricted stock units ("RSU's") became fully vested under the Merger Agreement and Issuer shares were withheld for payment of withholding income taxes. All vested RSU's were then converted into MAA common stock at the Exchange Ratio.
(3)	Reflects shares of common stock surrendered to the company to satisfy tax withholding obligations in connection with the vesting of shares of restricted stock.
(4)	Balance includes 4 shares purchased under the Issuer's Employee Stock Purchase Plan, during the purchase period July 1, 2016 to November 18, 2016.
(5)	The issuer's outside administrator for the employees 401(k) plan held issuer stock in a pooled fund as a participant investment option. Participant contributions designated to be invested in issuer common stock were accounted for as units of interest in the issuer fund. As of 11/30/2016, the equivalent of 1610.871424 shares of common stock were held in the issuer 401(k) Plan. These shares were converted into shares of MAA common stock at the Exchange Ratio.
(6)	Issuer outstanding stock options, if not yet vested became vested, and all Issuer stock options were converted at the Exchange Ratio into MAA fully vested stock options under the terms of each outstanding Issuer stock option. Cash was paid for fractional shares.

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