| 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 | +21,835 | 21,835 | 09 Sep 2024 | Direct | F1 | |||
| transaction | BXP | Common Stock, par value $0.01 | Sale | $1,621,225 | -21,835 | -100% | $74.25 | 0 | 09 Sep 2024 | Direct | F2 |
| holding | BXP | Common Stock, par value $0.01 | 14,150 | 09 Sep 2024 | By The Raymond A. Ritchey 2008 Family Trust |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BXP | LTIP Units | Conversion of derivative security | $5,459 | -21,835 | -14% | $0.2500 | 134,978 | 09 Sep 2024 | Common Stock | 21,835 | Direct | F1, F3 | |
| transaction | BXP | Common OP Units | Conversion of derivative security | +21,835 | +25% | 110,640 | 09 Sep 2024 | Common Stock, par value $0.01 | 21,835 | Direct | F1, F4 | |||
| transaction | BXP | Common OP Units | Conversion of derivative security | -21,835 | -20% | 88,805 | 09 Sep 2024 | Common Stock, par value $0.01 | 21,835 | Direct | F1, F4 | |||
| holding | BXP | Common OP Units | 10,500 | 09 Sep 2024 | Common Stock, par value $0.01 | 10,500 | By The Raymond A. Ritchey 2020 Grantor Retained Annuity Trust, dated June 11, 2020 | F4 | ||||||
| holding | BXP | Common OP Units | 17,115 | 09 Sep 2024 | Common Stock, par value $0.01 | 17,115 | By The Raymond A. Ritchey 2008 Family Trust | F4 |
| Id | Content |
|---|---|
| F1 | 21,835 of the reporting person's units of limited partnership interest ("LTIP Units") in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, were converted into common units of limited partnership interest ("Common OP Units") in BPLP by the reporting person and the Common OP Units were redeemed 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 $74.0225 to $74.325, 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 LTIP Units in the Issuer issued as long term incentive compensation pursuant to BXP'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 the Issuer or the holder, into a 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 BXP's common stock, except that BXP may, at its election, acquire each Common OP Unit so presented for one share of BXP's common stock. LTIP Units have no expiration date. |
| F4 | 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 the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at it's election, acquire each Common OP Unit so presented for redemption for one share of Common Stock. Common OP Units have no expiration date. |