Filing Details

Accession Number:
0001246991-21-000255
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-11-24 13:54:19
Reporting Period:
2021-11-23
Accepted Time:
2021-11-24 13:54:19
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
1217102 T Douglas Linde C/O Boston Properties, Inc.
800 Boylston Street
Boston MA 02199
President Yes 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 2021-11-23 34,476 $100.77 215,239 No 4 M Direct
Common Stock, Par Value $0.01 Disposition 2021-11-23 23,436 $118.32 191,803 No 4 S Direct
Common Stock, Par Value $0.01 Disposition 2021-11-23 11,040 $119.14 180,763 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S 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 2021-11-23 34,476 $0.00 34,476 $100.77
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
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, Par Value $0.01 2,100 Indirect By children
Common Stock, Par Value $0.01 700 Indirect By spouse
Footnotes
  1. Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $117.690 to $118.685, 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. Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $118.690 to $119.615, 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.
  3. 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.
  4. Pursuant to the adjustments described in Footnote 3, the number of shares underlying Mr. Linde's options increased by (1) 714 from 32,295 to 33,009 in January 2014, (2) 1,135 from 33,009 to 34,144 in January 2015 and (3) 332 from 34,144 to 34,476 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, 2013.