Home > Insider Trading > Filing (0001246991-11-000076)

Filing Details

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
1217112	Martin Turchin	Cb Richard Ellis 200 Park Avenue New York NY 10166		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $.01	Acquisiton	2011-02-10	3,000	$34.14	6,284	No	4	M	Direct
Common Stock, Par Value $.01	Disposition	2011-02-10	458	$95.42	5,826	No	4	S	Direct
Common Stock, Par Value $.01	Disposition	2011-02-10	2,542	$95.39	3,284	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
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	Employee Stock Option (right to buy)	Disposition	2011-02-10	3,000	$0.00	3,000	$34.14

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,779		2012-05-08	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $.01	500	Indirect	By Trust
Common Stock, Par Value $.01	500	Indirect	By Spouse

Footnotes

In (1) October 2005, the issuer paid a special dividend of $2.50 per share of common stock to all stockholders of record as of the close of business on September 30, 2005; (2) January 2007, the issuer paid a special dividend of $5.40 per share of common stock to all stockholders of record as of the close of business on December 29, 2006 and (3) January 2008, the Issuer paid a special dividend of $5.98 per share of common stock to all stockholders of record as of the close of business on December 31, 2007. 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.
Pursuant to the adjustments described in Footnote 1, the number of shares underlying Mr.Turchin's options increased (1) by 180 from 5,000 to 5,180 in September 2005, (2) by 260 from 5,180 to 5,440 in December 2006, and (3) by 339 from 5,440 to 5,779 in December 2007 and the per share exercise price was correspondingly decreased.
The option vested in two equal annual installments beginning on May 8, 2003.