Filing Details

Accession Number:
0001246991-17-000061
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-02-14 15:21:08
Reporting Period:
2017-02-13
Filing Date:
2017-02-14
Accepted Time:
2017-02-14 15:21:08
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1037540 Boston Properties Inc BXP Real Estate Investment Trusts (6798) 042473675
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1217108 E Robert Pester C/O Boston Properties, Inc.
Four Embarcadero Center
San Francisco CA 94111
Executive Vice President No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.01 Acquisiton 2017-02-13 1,990 $100.77 43,847 No 4 M Direct
Common Stock, Par Value $0.01 Acquisiton 2017-02-13 4,698 $98.46 48,545 No 4 M Direct
Common Stock, Par Value $0.01 Disposition 2017-02-13 6,688 $134.33 41,857 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock, Par Value $0.01 Employee Stock Option (right to buy) Disposition 2017-02-13 1,990 $0.00 1,990 $100.77
Common Stock, Par Value $0.01 Employee Stock Option (right to buy) Disposition 2017-02-13 4,698 $0.00 4,698 $98.46
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2022-02-03 No 4 M Direct
0 2023-02-01 No 4 M Direct
Footnotes
  1. In January 2016, the Issuer paid a special dividend of $1.25 per share of Common Stock to all stockholders of record as of the close of business on December 31, 2015. In connection with this special dividend, the Issuer's Board of Directors adjusted all options that were awarded, but not exercised, prior to the ex-dividend date for the special dividend to account for the effect of the special dividend. The number of shares subject to each such option was increased and the exercise price correspondingly decreased such that each option had the same fair value to the holder before and after giving effect to the payment of the special dividend.
  2. Pursuant to the adjustment described in Footnote 1, the number of shares underlying Mr. Pester's options increased by 19 from 1,971 to 1,990 and the per share exercise price was correspondingly decreased.
  3. Pursuant to the adjustment described in Footnote 1, the number of shares underlying Mr. Pester's options increased by 45 from 4,653 to 4,698 and the per share exercise price was correspondingly decreased.
  4. Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $134.29 to $134.44, inclusive. The Reporting Person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
  5. The option vested in four equal annual installments beginning on January 15, 2013.
  6. The option vested in four equal annual installments beginning on January 15, 2014.