0001246991-17-000061.txt : 20170214
0001246991-17-000061.hdr.sgml : 20170214
20170214152108
ACCESSION NUMBER: 0001246991-17-000061
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170213
FILED AS OF DATE: 20170214
DATE AS OF CHANGE: 20170214
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BOSTON PROPERTIES INC
CENTRAL INDEX KEY: 0001037540
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 042473675
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 800 BOYLSTON STREET
STREET 2: SUITE 1900
CITY: BOSTON
STATE: MA
ZIP: 02199
BUSINESS PHONE: 6172363300
MAIL ADDRESS:
STREET 1: 800 BOYLSTON STREET
STREET 2: SUITE 1900
CITY: BOSTON
STATE: MA
ZIP: 02199
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PESTER ROBERT E
CENTRAL INDEX KEY: 0001217108
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13087
FILM NUMBER: 17607816
MAIL ADDRESS:
STREET 1: BOSTON PROPERTIES, INC.
STREET 2: FOUR EMBARCADERO CENTER
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94111
4
1
wf-form4_148710364652506.xml
FORM 4
X0306
4
2017-02-13
0
0001037540
BOSTON PROPERTIES INC
BXP
0001217108
PESTER ROBERT E
C/O BOSTON PROPERTIES, INC.
FOUR EMBARCADERO CENTER
SAN FRANCISCO
CA
94111
0
1
0
0
Executive Vice President
Common Stock, par value $0.01
2017-02-13
4
M
0
1990
100.77
A
43846.9679
D
Common Stock, par value $0.01
2017-02-13
4
M
0
4698
98.46
A
48544.9679
D
Common Stock, par value $0.01
2017-02-13
4
S
0
6688
134.3327
D
41856.9679
D
Employee Stock Option (right to buy)
100.77
2017-02-13
4
M
0
1990
0
D
2022-02-03
Common Stock, par value $0.01
1990.0
0
D
Employee Stock Option (right to buy)
98.46
2017-02-13
4
M
0
4698
0
D
2023-02-01
Common Stock, par value $0.01
4698.0
0
D
In January 2016, the Issuer paid a special dividend of $1.25 per share of Common Stock to all stockholders of record as of the close of business on December 31, 2015. In connection with this special dividend, the Issuer's Board of Directors adjusted all options that were awarded, but not exercised, prior to the ex-dividend date for the special dividend to account for the effect of the special dividend. The number of shares subject to each such option was increased and the exercise price correspondingly decreased such that each option had the same fair value to the holder before and after giving effect to the payment of the special dividend.
Pursuant to the adjustment described in Footnote 1, the number of shares underlying Mr. Pester's options increased by 19 from 1,971 to 1,990 and the per share exercise price was correspondingly decreased.
Pursuant to the adjustment described in Footnote 1, the number of shares underlying Mr. Pester's options increased by 45 from 4,653 to 4,698 and the per share exercise price was correspondingly decreased.
Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $134.29 to $134.44, 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.
The option vested in four equal annual installments beginning on January 15, 2013.
The option vested in four equal annual installments beginning on January 15, 2014.
/s/ Kelli A. DiLuglio, as Attorney-in-Fact
2017-02-14