Peter Otteni V - 02 Feb 2024 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: 02 Feb 2024
Net transaction value: +$1,962
Form type: 4
Filing time: 06 Feb 2024, 12:53:01 UTC
Previous filing: 08 Jun 2023
Next filing: 08 Feb 2024
SEC filing: View on sec.gov

Key filing fact

Peter Otteni V filed Form 4 for BOSTON PROPERTIES INC (BXP) on 06 Feb 2024.

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.
Filing timestamp: 06 Feb 2024, 12:53.

Change

Previous filing in this sequence was filed on 08 Jun 2023.
Current net transaction value: +$1,962.

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.

See Original Filing

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

BXP transaction Derivative

LTIP Units

Award

Transaction value: $1,962
Shares: +7,850
Change %: +27%
Price: $0.2500^*
Shares after: 36,544
Date: 02 Feb 2024
Ownership: Direct
Underlying class: Common Stock, par value $.01
Underlying amount: 7,850
Exercise price
Footnotes: F1, F2

^* indicates a reported price that failed the local validity check.

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 pursuant to the Issuer's equity based incentive programs ("LTIP Units"). 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 7,850 LTIP Units vest in four equal annual installments beginning on January 15, 2025.

Content

Represents units of limited partnership interest in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, issued pursuant to the Issuer's equity based incentive programs ("LTIP Units"). 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 7,850 LTIP Units vest in four equal annual installments beginning on January 15, 2025.