Filing Details
- Accession Number:
- 0001246991-20-000130
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-02-26 15:02:48
- Reporting Period:
- 2020-02-25
- Accepted Time:
- 2020-02-26 15:02:48
- 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 |
|---|---|---|---|---|---|---|---|
| 1419045 | E Michael Labelle | C/O Boston Properties, Inc. 800 Boylston Street Boston MA 02199 | Evp And Cfo | 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 | 2020-02-25 | 7,749 | $100.77 | 19,891 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.01 | Acquisiton | 2020-02-25 | 8,588 | $98.46 | 28,479 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.01 | Disposition | 2020-02-25 | 16,337 | $137.33 | 12,142 | 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 | 2020-02-25 | 7,749 | $0.00 | 7,749 | $100.77 |
| Common Stock, Par Value $0.01 | Employee Stock Option (right to buy) | Disposition | 2020-02-25 | 8,588 | $0.00 | 8,588 | $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
- 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 2, the number of shares underlying Mr. LaBelle's options increased by (1) 160 from 7,260 to 7,420 in January 2014, (2) 255 from 7,420 to 7,675 in January 2015 and (3) 74 from 7,675 to 7,749 in January 2016 and the per share exercise price was correspondingly decreased.
- The option vested in four equal annual installments beginning on January 15, 2013.
- Pursuant to the adjustments described in Footnote 5, the number of shares underlying Mr. LaBelle's options increased by (1) 177 from 8,047 to 8,224 in January 2014, (2) 282 from 8,224 to 8,506 in January 2015 and (3) 82 from 8,506 to 8,588 in January 2016 and the per share exercise price was correspondingly decreased.
- The option vested in four equal annual installments beginning on January 15, 2014.
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