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Filing Details

Accession Number:: 0001246991-15-000135
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-03-09 15:44:04
Reporting Period:: 2015-03-05

Filing Date:: 2015-03-09
Accepted Time:: 2015-03-09 15:44:04
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	Senior Vice President	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $.01	Acquisiton	2015-03-05	1,612	$87.70	36,759	No	4	M	Direct
Common Stock, Par Value $.01	Acquisiton	2015-03-05	1,971	$101.75	38,730	No	4	M	Direct
Common Stock, Par Value $.01	Acquisiton	2015-03-05	2,326	$99.41	41,056	No	4	M	Direct
Common Stock, Par Value $.01	Disposition	2015-03-05	5,909	$139.39	35,147	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2015-03-05	1,612	$0.00	1,612	$87.70
Common Stock	Employee Stock Option (right to buy)	Disposition	2015-03-05	1,971	$0.00	1,971	$101.75
Common Stock	Employee Stock Option (right to buy)	Disposition	2015-03-05	2,326	$0.00	2,326	$99.41

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2021-01-28	No	4	M	Direct
1,971	2022-02-03	No	4	M	Direct
4,653	2023-02-01	No	4	M	Direct

Footnotes

In January 2015, the Issuer paid a special dividend of $4.50 per share of Common Stock to all stockholders of record as of the close of business on December 31, 2014. 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.
Pursuant to the adjustment described in Footnote 1, the number of shares underlying the Reporting Person's options increased by 53 from 1,559 to 1,612 and the per share exercise price was correspondingly decreased.
Pursuant to the adjustment described in Footnote 1, the number of shares underlying the Reporting Person's options increased by 131 from 3,811 to 3,942 and the per share exercise price was correspondingly decreased.
Pursuant to the adjustment described in Footnote 1, the number of shares underlying the Reporting Person's options increased by 232 from 6,747 to 6,979 and the per share exercise price was correspondingly decreased.
Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $139.363 to $139.408 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.
The option vests in four equal annual installments beginning on January 15, 2012.
The option vests in four equal annual installments beginning on January 15, 2013.
The option vests in four equal annual installments beginning on January 15, 2014.