Eric G. Kevorkian - 11 Sep 2023 Form 4 Insider Report for BOSTON PROPERTIES INC (BXP)

Role
SVP, CLO and Secretary
Signature
/s/ Kelli A. DiLuglio, Attorney-in-Fact
Issuer symbol
BXP
Transactions as of
11 Sep 2023
Net transactions value
-$66,430
Form type
4
Filing time
12 Sep 2023, 15:44:45 UTC
Previous filing
23 May 2023
Next filing
17 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BXP Common Stock, par value $0.01 Conversion of derivative security +1,000 +101% 1,994 11 Sep 2023 Direct F1
transaction BXP Common Stock, par value $0.01 Sale $66,430 -1,000 -50% $66.43 994 11 Sep 2023 Direct F2

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

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BXP Common OP Units Conversion of derivative security $0 -1,000 -21% $0.000000 3,757 11 Sep 2023 Common Stock, par value $0.01 1,000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1,000 of the reporting person's common units of limited partnership interest ("Common OP Units") in Boston Properties Limited Partnership ("BPLP") were redeemed by the reporting person for an equal number of shares of the Issuer's common stock in accordance with BPLP's Partnership Agreement.
F2 Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $66.40 to $66.44, 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.
F3 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 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 the Issuer's Common Stock. Common OP Units have no expiration date.