Filing Details
- Accession Number:
- 0001246991-17-000061
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2017-02-14 15:21:08
- Reporting Period:
- 2017-02-13
- Filing Date:
- 2017-02-14
- Accepted Time:
- 2017-02-14 15:21:08
- 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 |
|---|---|---|---|---|---|---|---|
| 1217108 | E Robert Pester | C/O Boston Properties, Inc. Four Embarcadero Center San Francisco CA 94111 | Executive 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 $0.01 | Acquisiton | 2017-02-13 | 1,990 | $100.77 | 43,847 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.01 | Acquisiton | 2017-02-13 | 4,698 | $98.46 | 48,545 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.01 | Disposition | 2017-02-13 | 6,688 | $134.33 | 41,857 | 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 | 2017-02-13 | 1,990 | $0.00 | 1,990 | $100.77 |
| Common Stock, Par Value $0.01 | Employee Stock Option (right to buy) | Disposition | 2017-02-13 | 4,698 | $0.00 | 4,698 | $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
- In 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 this special dividend, the Issuer's Board of Directors adjusted all options that were awarded, but not exercised, prior to the ex-dividend date for the special dividend to account for the effect of the 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 the special dividend.
- Pursuant to the adjustment described in Footnote 1, the number of shares underlying Mr. Pester's options increased by 19 from 1,971 to 1,990 and the per share exercise price was correspondingly decreased.
- Pursuant to the adjustment described in Footnote 1, the number of shares underlying Mr. Pester's options increased by 45 from 4,653 to 4,698 and the per share exercise price was correspondingly decreased.
- Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $134.29 to $134.44, 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 option vested in four equal annual installments beginning on January 15, 2013.
- The option vested in four equal annual installments beginning on January 15, 2014.
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