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

Role: Executive Vice President
Signature: /s/ Kelli A. DiLuglio, as Attorney-in-Fact
Issuer symbol: BXP
Transactions as of: 28 Jan 2022
Net transactions value: +$938
Form type: 4
Filing time: 01 Feb 2022, 14:56:55 UTC
Previous filing: 31 Aug 2021
Next filing: 03 Feb 2022
SEC: View on sec.gov

Quoteable Key Fact

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

Quick Takeaways

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.
Filing timestamp: 01 Feb 2022, 14:56.

What Changed

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

Why This Matters

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.

Source Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

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

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.
F2	The 3,751 LTIP Units vest in four equal annual installments beginning on January 15, 2023.

Content

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.

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