0001246991-24-000157.txt : 20240208
0001246991-24-000157.hdr.sgml : 20240208
20240208154644
ACCESSION NUMBER: 0001246991-24-000157
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240206
FILED AS OF DATE: 20240208
DATE AS OF CHANGE: 20240208
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: THOMAS OWEN D
CENTRAL INDEX KEY: 0001339081
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13087
FILM NUMBER: 24608823
MAIL ADDRESS:
STREET 1: 599 LEXINGTON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10022
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BOSTON PROPERTIES INC
CENTRAL INDEX KEY: 0001037540
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
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
wk-form4_1707425195.xml
FORM 4
X0508
4
2024-02-06
0
0001037540
BOSTON PROPERTIES INC
BXP
0001339081
THOMAS OWEN D
BOSTON PROPERTIES, INC.
599 LEXINGTON AVENUE
NEW YORK
NY
10022
1
1
0
0
Chief Executive Officer
0
LTIP Units
2024-02-06
4
A
0
60849
0.25
A
Common Stock, par value $.01
60849
763066
D
Represents units of limited partnership interest in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, granted pursuant to the Issuer's 2024 Multi-Year Long-Term Incentive Program (the "2024 Program"). 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 60,849 LTIP Units may be earned based on the achievement of certain performance criteria based on the Issuer's total shareholder return over a three-year performance period ending on February 5, 2027. Any LTIP Units earned pursuant to the 2024 Program will vest in full on February 5, 2027, with each earned LTIP Unit and Common OP Unit acquired upon conversion of such LTIP Unit subject to an additional post-vesting holding period pursuant to which such LTIP Unit and Common OP Unit generally may not be transferred, and the redemption right associated with the Common OP Unit may not be exercised, until one year after the vesting date.
/s/ Kelli A. DiLuglio, as Attorney-in-Fact
2024-02-08