Key facts
- This page summarizes Michael E. Labelle's Form 4 filing for BOSTON PROPERTIES INC (BXP).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 15 Feb 2023, 14:47.
Michael E. Labelle - 13 Feb 2023 Form 4 Insider Report for BOSTON PROPERTIES INC (BXP)
- Reporting relationship
- EVP and CFO
- Issuer ticker
- BXP
- Reported as of
- 13 Feb 2023
- Net transaction value
- +$899
- SEC form
- 4
- Accepted by SEC
- 15 Feb 2023, 14:47:38 UTC
- Prior SEC filing
- 09 Feb 2023
- Next SEC filing
- 17 Jan 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Kelli A. DiLuglio, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael E. Labelle filed Form 4 for BOSTON PROPERTIES INC (BXP) on 15 Feb 2023.
Change
- Previous filing in this sequence was filed on 09 Feb 2023.
- Current net transaction value: +$899.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
BXP
transaction
Derivative
LTIP Units
Award
- Transaction value
- $899
- Shares
- +3,596
- Change %
- +2%
- Price
- $0.2500*
- Shares after
- 185,707
- Date
- 13 Feb 2023
- Ownership
- Direct
- Underlying class
- Common Stock, par value $0.01
- Underlying amount
- 3,596
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Represents units of limited partnership interest in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, earned (i.e., for which the performance-based hurdles have been met) pursuant to the Issuer's 2020 Multi-Year Long-Term Incentive Program (the "Program").
Footnote F2
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 the Issuer's common stock. LTIP Units have no expiration date.
Footnote F3
The 3,596 LTIP Units earned pursuant to the Program vested 50% upon being earned and 50% will vest on February 3, 2024.