Filing Details

Accession Number:
0001246991-11-000060
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-02-01 16:26:19
Reporting Period:
2011-01-28
Filing Date:
2011-02-01
Accepted Time:
2011-02-01 16:26:19
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
1217110 E Robert Selsam C/O Boston Properties, Inc.
599 Lexington Avenue
New York NY 10022
Senior 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 $.01 Acquisiton 2011-01-31 30,000 $32.62 51,030 No 4 M Direct
Common Stock, Par Value $.01 Disposition 2011-01-31 30,000 $94.30 21,030 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
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 Employee Stock Option (right to buy) Acquisiton 2011-01-28 4,854 $0.00 4,854 $92.71
Common Stock LTIP Units Acquisiton 2011-01-28 3,874 $0.25 3,874 $0.00
Common Stock Employee Stock Option (right to buy) Disposition 2011-01-31 30,000 $0.00 30,000 $32.62
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
4,854 2011-01-28 2021-01-28 No 4 A Direct
35,361 2011-01-28 No 4 A Direct
23,699 2012-01-17 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, Par Value $.01 800 Indirect By child
Footnotes
  1. Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $94.19 to $94.38, 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.
  2. The options are fully vested upon grant as a result of the Reporting Person's attainment of age 62 with over 20 years of service with the Issuer.
  3. Represents units of limited partnership interest in Boston Properties Limited Partnership (BPLP), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in BPLP (Common OP Unit). Each Common OP Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election as directed by BPLP, acquire each Common OP Unit so presented for one share of Common Stock.
  4. The 3,874 LTIP Units are fully vested upon grant as a result of the Reporting Person's attainment of age 62 with over 20 years of service with the Issuer.
  5. The option vested in three equal annual installments beginning on January 17, 2003.