0001246991-20-000130.txt : 20200226
0001246991-20-000130.hdr.sgml : 20200226
20200226150248
ACCESSION NUMBER: 0001246991-20-000130
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200225
FILED AS OF DATE: 20200226
DATE AS OF CHANGE: 20200226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LABELLE MICHAEL E
CENTRAL INDEX KEY: 0001419045
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13087
FILM NUMBER: 20655232
MAIL ADDRESS:
STREET 1: BOSTON PROPERTIES, INC.
STREET 2: 800 BOYLSTON STREET
CITY: BOSTON
STATE: MA
ZIP: 02199
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
4
1
wf-form4_158274735055098.xml
FORM 4
X0306
4
2020-02-25
0
0001037540
BOSTON PROPERTIES INC
BXP
0001419045
LABELLE MICHAEL E
C/O BOSTON PROPERTIES, INC.
800 BOYLSTON STREET
BOSTON
MA
02199
0
1
0
0
EVP and CFO
Common Stock, par value $0.01
2020-02-25
4
M
0
7749
100.77
A
19891
D
Common Stock, par value $0.01
2020-02-25
4
M
0
8588
98.46
A
28479
D
Common Stock, par value $0.01
2020-02-25
4
S
0
16337
137.3264
D
12142
D
Employee Stock Option (right to buy)
100.77
2020-02-25
4
M
0
7749
0
D
2022-02-03
Common Stock, par value $0.01
7749.0
0
D
Employee Stock Option (right to buy)
98.46
2020-02-25
4
M
0
8588
0
D
2023-02-01
Common Stock, par value $0.01
8588.0
0
D
In (1) January 2014, the Issuer paid a special dividend of $2.25 per share of Common Stock to all stockholders of record as of the close of business on December 31, 2013, (2) January 2015, the Issuer paid a special dividend of $4.50 per share of Common Stock to all stockholders of record as of the close of business on December 31, 2014 and (3) 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 these special dividends, the Issuer's Board of Directors adjusted all options that were awarded, but not exercised, prior to the ex-dividend date for each special dividend to account for the effect of each 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 each special dividend.
Pursuant to the adjustments described in Footnote 2, the number of shares underlying Mr. LaBelle's options increased by (1) 160 from 7,260 to 7,420 in January 2014, (2) 255 from 7,420 to 7,675 in January 2015 and (3) 74 from 7,675 to 7,749 in January 2016 and the per share exercise price was correspondingly decreased.
The option vested in four equal annual installments beginning on January 15, 2013.
Pursuant to the adjustments described in Footnote 5, the number of shares underlying Mr. LaBelle's options increased by (1) 177 from 8,047 to 8,224 in January 2014, (2) 282 from 8,224 to 8,506 in January 2015 and (3) 82 from 8,506 to 8,588 in January 2016 and the per share exercise price was correspondingly decreased.
The option vested in four equal annual installments beginning on January 15, 2014.
/s/ Kelli A. DiLuglio, as Attorney-in-Fact
2020-02-26