Filing Details

Accession Number:
0001246991-22-000139
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-02-24 11:53:03
Reporting Period:
2022-02-23
Accepted Time:
2022-02-24 11:53:03
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
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 2022-02-23 21,102 $0.00 21,102 No 4 C Direct
Common Stock, Par Value $0.01 Disposition 2022-02-23 21,102 $120.52 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 C 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 LTIP Units Disposition 2022-02-23 21,102 $0.25 21,102 $0.00
Common Stock, Par Value $0.01 Common OP Units Acquisiton 2022-02-23 21,102 $0.00 21,102 $0.00
Common Stock, Par Value $0.01 Common OP Units Disposition 2022-02-23 21,102 $0.00 21,102 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
192,566 No 4 C Direct
109,907 No 4 C Direct
88,805 No 4 C Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock, Par Value $0.01 Common OP Units $0.00 31,265 31,265 Indirect
Common Stock, Par Value $0.01 Common OP Units $0.00 10,500 10,500 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
31,265 31,265 Indirect
10,500 10,500 Indirect
Footnotes
  1. 21,102 of the Reporting Person's units of limited partnership interest ("LTIP Units") in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the sole general partner, were converted into common units of limited partnership interest ("Common OP Units") in BPLP by the Reporting Person and the Common OP Units were redeemed for an equal number of shares of the Issuer's common stock in accordance with BPLP's Partnership Agreement.
  2. Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $120.2900 to $120.6000, 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. Represents LTIP Units in BPLP issued as long term incentive compensation pursuant to the Issuer's equity based incentive 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 BPLP or the holder, into a common unit of limited partnership interest ("Common OP Unit") in BPLP. 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, acquire each Common OP Unit so presented for one share of common stock. LTIP Units have no expiration date.
  4. Represents Common OP Units in BPLP. Each Common OP Unit may be presented for redemption, at the election of the holder, for cash equal to fair market value of a share of the Issuer's common stock, except that the Issuer may, at it's election, acquire each Common OP Unit so presented for redemption for one share of Common Stock. Common OP Units have no expiration date.