Filing Details
- Accession Number:
- 0001246991-11-000060
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-02-01 16:26:19
- Reporting Period:
- 2011-01-28
- Filing Date:
- 2011-02-01
- Accepted Time:
- 2011-02-01 16:26:19
- 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 |
|---|---|---|---|---|---|---|---|
| 1217110 | E Robert Selsam | C/O Boston Properties, Inc. 599 Lexington Avenue New York NY 10022 | Senior Vice President | 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 $.01 | Acquisiton | 2011-01-31 | 30,000 | $32.62 | 51,030 | No | 4 | M | Direct | |
| Common Stock, Par Value $.01 | Disposition | 2011-01-31 | 30,000 | $94.30 | 21,030 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | Employee Stock Option (right to buy) | Acquisiton | 2011-01-28 | 4,854 | $0.00 | 4,854 | $92.71 |
| Common Stock | LTIP Units | Acquisiton | 2011-01-28 | 3,874 | $0.25 | 3,874 | $0.00 |
| Common Stock | Employee Stock Option (right to buy) | Disposition | 2011-01-31 | 30,000 | $0.00 | 30,000 | $32.62 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 4,854 | 2011-01-28 | 2021-01-28 | No | 4 | A | Direct |
| 35,361 | 2011-01-28 | No | 4 | A | Direct | |
| 23,699 | 2012-01-17 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock, Par Value $.01 | 800 | Indirect | By child |
Footnotes
- Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $94.19 to $94.38, 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 options are fully vested upon grant as a result of the Reporting Person's attainment of age 62 with over 20 years of service with the Issuer.
- Represents units of limited partnership interest in Boston Properties Limited Partnership (BPLP), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory 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 the holder, into a common unit of limited partnership interest in BPLP (Common OP Unit). 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 as directed by BPLP, acquire each Common OP Unit so presented for one share of Common Stock.
- The 3,874 LTIP Units are fully vested upon grant as a result of the Reporting Person's attainment of age 62 with over 20 years of service with the Issuer.
- The option vested in three equal annual installments beginning on January 17, 2003.
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