X0306 4 2016-07-29 0001037540 BOSTON PROPERTIES INC BXP 0001198848 DYKSTRA KAREN E 800 BOYLSTON STREET BOSTON MA 02199 1 0 0 0 Dividend Equivalent Rights 2016-07-29 4 A 0 .34 142.13 A Common Stock .34 74.9 D The rights convert into Common Stock on a 1-for-1 basis. Acquired as quarterly dividends on July 29, 2016. The rights were granted as a component of the Phantom Stock Units that were awarded under the Boston Properties, Inc. 2012 Stock Option and Incentive Plan to non-employee directors who elected to receive Phantom Stock Units in lieu of director cash compensation fees. The rights are to be settled in shares of Common Stock (except that fractional units, if any, will be settled in cash) upon the Reporting Person's retirement from the Boston Properties Board of Directors. /s/ Kelli A. DiLuglio, as Attorney-in-Fact 2016-08-01