Home > Insider Trading > Filing (0001246991-19-000191)

Filing Details

Accession Number:: 0001246991-19-000191
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-12-06 15:36:54
Reporting Period:: 2019-12-04

Accepted Time:: 2019-12-06 15:36:54
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
1219153	A Raymond Ritchey	C/O Boston Properties, Inc. 2200 Pennsylvania Avenue, Nw Washington DC 20037	Senior Evp	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 $0.01	Acquisiton	2019-12-04	24,739	$86.86	24,739	No	4	M	Direct
Common Stock, Par Value $0.01	Acquisiton	2019-12-04	31,068	$100.77	55,807	No	4	M	Direct
Common Stock, Par Value $0.01	Disposition	2019-12-04	55,807	$138.37	0	No	4	S	Direct
Common Stock, Par Value $0.01	Acquisiton	2019-12-05	1,052	$100.77	1,052	No	4	M	Direct
Common Stock, Par Value $0.01	Acquisiton	2019-12-05	39,943	$98.46	40,995	No	4	M	Direct
Common Stock, Par Value $0.01	Disposition	2019-12-05	40,995	$138.35	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	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, Par Value $0.01	Employee Stock Option (right to buy)	Disposition	2019-12-04	24,739	$0.00	24,739	$86.86
Common Stock, Par Value $0.01	Employee Stock Option (right to buy)	Disposition	2019-12-04	31,068	$0.00	31,068	$100.77
Common Stock, Par Value $0.01	Employee Stock Option (right to buy)	Disposition	2019-12-05	1,052	$0.00	1,052	$100.77
Common Stock, Par Value $0.01	Employee Stock Option (right to buy)	Disposition	2019-12-05	39,943	$0.00	39,943	$98.46

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2021-01-28	No	4	M	Direct
1,052	2022-02-03	No	4	M	Direct
0	2022-02-03	No	4	M	Direct
0	2023-02-01	No	4	M	Direct

Footnotes

In (1) January 2014, the Issuer paid a special dividend of $2.25 per share of Common Stock to all stockholders of record as of the close of business on December 31, 2013, (2) 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 and (3) 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 these special dividends, the Issuer's Board of Directors adjusted all options that were awarded, but not exercised, prior to the ex-dividend date for each special dividend to account for the effect of each 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 each special dividend.
Pursuant to the adjustments described in Footnote 1, the number of shares underlying Mr. Ritchey's options increased by (1) 512 from 23,175 to 23,687 in January 2014, (2) 814 from 23,687 to 24,501 in January 2015 and (3) 238 from 24,501 to 24,739 in January 2016 and the per share exercise price was correspondingly decreased.
Pursuant to the adjustments described in Footnote 1, the number of shares underlying Mr. Ritchey's options increased by (1) 665 from 30,088 to 30,753 in January 2014, (2) 1,058 from 30,753 to 31,811 in January 2015 and (3) 309 from 31,811 to 32,120 in January 2016 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 $138 to $138.75, 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.
Pursuant to the adjustments described in Footnote 1, the number of shares underlying Mr. Ritchey's options increased by (1) 827 from 37,416 to 38,243 in January 2014, (2) 1,315 from 38,243 to 39,558 in January 2015 and (3) 385 from 39,558 to 39,943 in January 2016 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 $138 to $138.63, 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 vested in four equal annual installments beginning on January 15, 2012.
The option vested in four equal annual installments beginning on January 15, 2013.
The option vested in four equal annual installments beginning on January 15, 2014.