Peter Otteni V - 28 Jan 2022 Form 4 Insider Report for BOSTON PROPERTIES INC (BXP)

Reporting relationship: Executive Vice President
Issuer ticker: BXP
Reported as of: 28 Jan 2022
Net transaction value: +$938
SEC form: 4
Accepted by SEC: 01 Feb 2022, 14:56:55 UTC
Prior SEC filing: 31 Aug 2021
Next SEC filing: 03 Feb 2022
Source filing: View source filing
Reporting owner signature: /s/ Kelli A. DiLuglio, as Attorney-in-Fact

Key filing fact

Peter Otteni V filed Form 4 for BOSTON PROPERTIES INC (BXP) on 01 Feb 2022.

Key facts

This page summarizes Peter Otteni V's Form 4 filing for BOSTON PROPERTIES INC (BXP).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 01 Feb 2022, 14:56.

Change

Previous filing in this sequence was filed on 31 Aug 2021.
Current net transaction value: +$938.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BXP transaction Derivative

LTIP Units

Award

Transaction value: $938
Shares: +3,751
Change %: +20%
Price: $0.2500^*
Shares after: 22,051
Date: 28 Jan 2022
Ownership: Direct
Underlying class: Common Stock, par value $0.01
Underlying amount: 3,751
Exercise price
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

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.

Footnote F2

The 3,751 LTIP Units vest in four equal annual installments beginning on January 15, 2023.