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Filing Details

Accession Number:: 0001246991-16-000511
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-08-11 11:37:44
Reporting Period:: 2016-08-10

Filing Date:: 2016-08-11
Accepted Time:: 2016-08-11 11:37:44
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
1337218	D Peter Johnston	C/O Boston Properties, Inc. 2200 Pennsylvania Avenue, Nw Washington DC 20037	Executive Vice President	No	Yes	No	No

Reported Non-Derivative Transactions

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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	2016-08-10	7,111	$0.00	22,934	No	4	C	Direct
Common Stock, Par Value $.01	Disposition	2016-08-10	7,111	$143.25	15,823	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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	LTIP Units	Disposition	2016-08-10	7,111	$0.25	7,111	$0.00
Common Stock	Common OP Units	Acquisiton	2016-08-10	7,111	$0.00	7,111	$0.00
Common Stock	Common OP Units	Disposition	2016-08-10	7,111	$0.00	7,111	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
29,914	No	4	C	Direct
20,095	No	4	C	Direct
12,984	No	4	C	Direct

Footnotes

7,111 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.
Includes 45.7822 shares which the Reporting Person acquired in July 2016 pursuant to the Boston Properties, Inc. 1999 Non-Qualified Employee Stock Purchase Plan.
Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $142.92 to $143.58, 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.
Represents LTIP Units 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 the holder, into a 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.
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 the 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 redemption for one share of Common Stock. Common OP Units have no expiration date.