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Filing Details

Accession Number:: 0001246991-21-000252
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-11-15 16:53:37
Reporting Period:: 2021-11-11

Accepted Time:: 2021-11-15 16:53:37
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
1217093	D Frank Burt	C/O Boston Properties, Inc. 800 Boylston Street Boston MA 02199	Svp, Clo And Secretary	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 $0.01	Acquisiton	2021-11-11	2,116	$0.00	2,116	No	4	C	Direct
Common Stock, Par Value $0.01	Disposition	2021-11-12	2,116	$0.00	0	No	4	G	Direct
Common Stock, Par Value $0.01	Acquisiton	2021-11-12	2,116	$0.00	2,116	No	4	G	Indirect	By The Burt Family Trust - 1993
Common Stock, Par Value $0.01	Disposition	2021-11-15	2,116	$118.89	0	No	4	S	Indirect	By The Burt Family Trust - 1993

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	G	Direct
No	4	G	Indirect	By The Burt Family Trust - 1993
No	4	S	Indirect	By The Burt Family Trust - 1993

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.01	LTIP Units	Disposition	2021-11-11	2,116	$0.25	2,116	$0.00
Common Stock, Par Value $0.01	Common OP Units	Acquisiton	2021-11-11	2,116	$0.00	2,116	$0.00
Common Stock, Par Value $0.01	Common OP Units	Disposition	2021-11-11	2,116	$0.00	2,116	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
9,011	No	4	C	Direct
2,116	No	4	C	Direct
0	No	4	C	Direct

Footnotes

2,116 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.
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 ("LTIP Units") 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 BPLP or 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, 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.