Peter Otteni V - 31 Jan 2025 Form 4 Insider Report for BXP, Inc. (BXP)

Role: Executive Vice President
Signature: /s/ Kelli A. DiLuglio, as Attorney-in-Fact
Issuer symbol: BXP
Transactions as of: 31 Jan 2025
Net transactions value: +$1,709
Form type: 4
Filing time: 03 Feb 2025, 16:10:20 UTC
Previous filing: 26 Aug 2024
Next filing: 05 Feb 2025
SEC: View on sec.gov

Key filing fact

Peter Otteni V filed Form 4 for BXP, Inc. (BXP) on 03 Feb 2025.

Key facts

This page summarizes Peter Otteni V's Form 4 filing for BXP, Inc. (BXP).
1 reported transaction and 1 derivative row are listed below.
Filing timestamp: 03 Feb 2025, 16:10.

Change

Previous filing in this sequence was filed on 26 Aug 2024.
Current net transaction value: +$1,709.

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: $1,709
Shares: +6,836
Change %: +17%
Price: $0.2500
Shares after: 46,492
Date: 31 Jan 2025
Ownership: Direct
Underlying class: Common Stock, par value $0.01
Underlying amount: 6,836
Exercise price
Footnotes: F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 6,836 LTIP Units vest in four equal annual installments beginning on January 15, 2026.

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 6,836 LTIP Units vest in four equal annual installments beginning on January 15, 2026.