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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
  1. 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.
  2. 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.
  3. The option vested in four equal annual installments beginning on January 15, 2013.
  4. 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.
  5. The option vested in four equal annual installments beginning on January 15, 2014.