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