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: 14 Feb 2024, 10:28.
Michael E. Labelle - 12 Feb 2024 Form 4 Insider Report for BOSTON PROPERTIES INC (BXP)
- Reporting relationship
- EVP and CFO
- Issuer ticker
- BXP
- Reported as of
- 12 Feb 2024
- Net transaction value
- +$2,598
- SEC form
- 4
- Accepted by SEC
- 14 Feb 2024, 10:28:49 UTC
- Prior SEC filing
- 08 Feb 2024
- Next SEC filing
- 17 Jan 2025
- 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 14 Feb 2024.
Change
- Previous filing in this sequence was filed on 08 Feb 2024.
- Current net transaction value: +$2,598.
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
- $2,598
- Shares
- +10,390
- Change %
- +5.2%
- Price
- $0.2500*
- Shares after
- 211,050
- Date
- 12 Feb 2024
- Ownership
- Direct
- Underlying class
- Common Stock, par value $.01
- Underlying amount
- 10,390
- Exercise price
- Footnotes
- F1, F2, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 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 2021 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 10,390 LTIP Units earned pursuant to the Program vested in full upon being earned. Each earned LTIP Unit and Common OP Unit acquired upon conversion of such LTIP Unit is subject to an additional post-vesting holding period pursuant to which such LTIP Unit and Common OP Unit generally may not be transferred, and the redemption right associated with the Common OP Unit may not be exercised, until one year after the vesting date.
Footnote F4
Reflects the forfeiture of 8,689 LTIP Units originally issued on February 2, 2021 pursuant to the Program that were previously reported as beneficially owned by the Reporting Person, but remained subject to certain performance-based vesting hurdles based on the Issuer's total shareholder return for the period from February 2, 2021 to February 1, 2024.