Filing Details
- Accession Number:
- 0001246991-19-000191
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2019-12-06 15:36:54
- Reporting Period:
- 2019-12-04
- Accepted Time:
- 2019-12-06 15:36:54
- 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 | 2019-12-04 | 24,739 | $86.86 | 24,739 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.01 | Acquisiton | 2019-12-04 | 31,068 | $100.77 | 55,807 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.01 | Disposition | 2019-12-04 | 55,807 | $138.37 | 0 | No | 4 | S | Direct | |
| Common Stock, Par Value $0.01 | Acquisiton | 2019-12-05 | 1,052 | $100.77 | 1,052 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.01 | Acquisiton | 2019-12-05 | 39,943 | $98.46 | 40,995 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.01 | Disposition | 2019-12-05 | 40,995 | $138.35 | 0 | 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 | |
| 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 | 2019-12-04 | 24,739 | $0.00 | 24,739 | $86.86 |
| Common Stock, Par Value $0.01 | Employee Stock Option (right to buy) | Disposition | 2019-12-04 | 31,068 | $0.00 | 31,068 | $100.77 |
| Common Stock, Par Value $0.01 | Employee Stock Option (right to buy) | Disposition | 2019-12-05 | 1,052 | $0.00 | 1,052 | $100.77 |
| Common Stock, Par Value $0.01 | Employee Stock Option (right to buy) | Disposition | 2019-12-05 | 39,943 | $0.00 | 39,943 | $98.46 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2021-01-28 | No | 4 | M | Direct | |
| 1,052 | 2022-02-03 | No | 4 | M | Direct | |
| 0 | 2022-02-03 | No | 4 | M | Direct | |
| 0 | 2023-02-01 | No | 4 | M | Direct |
Footnotes
- In (1) January 2014, the Issuer paid a special dividend of $2.25 per share of Common Stock to all stockholders of record as of the close of business on December 31, 2013, (2) January 2015, the Issuer paid a special dividend of $4.50 per share of Common Stock to all stockholders of record as of the close of business on December 31, 2014 and (3) 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 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. Ritchey's options increased by (1) 512 from 23,175 to 23,687 in January 2014, (2) 814 from 23,687 to 24,501 in January 2015 and (3) 238 from 24,501 to 24,739 in January 2016 and the per share exercise price was correspondingly decreased.
- Pursuant to the adjustments described in Footnote 1, the number of shares underlying Mr. Ritchey's options increased by (1) 665 from 30,088 to 30,753 in January 2014, (2) 1,058 from 30,753 to 31,811 in January 2015 and (3) 309 from 31,811 to 32,120 in January 2016 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 $138 to $138.75, 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.
- Pursuant to the adjustments described in Footnote 1, the number of shares underlying Mr. Ritchey's options increased by (1) 827 from 37,416 to 38,243 in January 2014, (2) 1,315 from 38,243 to 39,558 in January 2015 and (3) 385 from 39,558 to 39,943 in January 2016 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 $138 to $138.63, 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, 2012.
- 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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