0001246991-20-000064.txt : 20200205
0001246991-20-000064.hdr.sgml : 20200205
20200205135243
ACCESSION NUMBER: 0001246991-20-000064
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200204
FILED AS OF DATE: 20200205
DATE AS OF CHANGE: 20200205
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LINDE DOUGLAS T
CENTRAL INDEX KEY: 0001217102
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13087
FILM NUMBER: 20578141
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_158092874381576.xml
FORM 4
X0306
4
2020-02-04
0
0001037540
BOSTON PROPERTIES INC
BXP
0001217102
LINDE DOUGLAS T
C/O BOSTON PROPERTIES, INC.
800 BOYLSTON STREET
BOSTON
MA
02199
1
1
0
0
President
Common Stock, par value $0.01
2020-02-04
4
M
0
27455
86.86
A
208946.7471
D
Common Stock, par value $0.01
2020-02-04
4
S
0
27155
144.6608
D
181791.7471
D
Common Stock, par value $0.01
2020-02-04
4
S
0
300
145.3733
D
181491.7471
D
Common Stock, par value $0.01
2100
I
By children
Common Stock, par value $0.01
700
I
By spouse
Employee Stock Option (right to buy)
86.86
2020-02-04
4
M
0
27455
0
D
2021-01-28
Common Stock, par value $0.01
27455.0
0
D
Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $144.35 to $145.35, inclusive. The Reporting Person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $145.36 to $145.40, inclusive. The Reporting Person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
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 3, the number of shares underlying Mr. Linde's options increased by (1) 568 from 25,719 to 26,287 in January 2014, (2) 904 from 26,287 to 27,191 in January 2015 and (3) 264 from 27,191 to 27,455 in January 2016 and the per share exercise price was correspondingly decreased.
The option vested in four equal annual installments beginning on January 15, 2012.
/s/ Kelli A. DiLuglio, as Attorney-in-Fact
2020-02-05