0001246991-23-000202.txt : 20230605 0001246991-23-000202.hdr.sgml : 20230605 20230605132845 ACCESSION NUMBER: 0001246991-23-000202 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230602 FILED AS OF DATE: 20230605 DATE AS OF CHANGE: 20230605 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Otteni Peter V CENTRAL INDEX KEY: 0001862920 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13087 FILM NUMBER: 23991874 MAIL ADDRESS: STREET 1: 2200 PENNSYLVANIA AVENUE NW STREET 2: SUITE 200W CITY: WASHINGTON STATE: DC ZIP: 20037 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_168598611241178.xml FORM 4 X0407 4 2023-06-02 0 0001037540 BOSTON PROPERTIES INC BXP 0001862920 Otteni Peter V 2200 PENNSYLVANIA AVENUE NW SUITE 200W WASHINGTON DC 20037 0 1 0 0 Executive Vice President 0 Common Stock, par value $0.01 2023-06-02 4 C 0 10463 A 10463 D LTIP Units 2023-06-02 4 C 0 10463 0.25 D Common Stock, par value $0.01 10463.0 28694 D Common OP Units 2023-06-02 4 C 0 10463 A Common Stock, par value $0.01 10463.0 10463 D Common OP Units 2023-06-02 4 C 0 10463 D Common Stock, par value $0.01 10463.0 0 D 10,463 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. Represents LTIP Units in BPLP issued as long term incentive compensation pursuant to the Issuer'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 BPLP 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 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. 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 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 redemption for one share of the Issuer's Common Stock. Common OP Units have no expiration date. /s/ Kelli A. DiLuglio, as Attorney-in-Fact 2023-06-05