0001246991-20-000083.txt : 20200219
0001246991-20-000083.hdr.sgml : 20200219
20200219164839
ACCESSION NUMBER: 0001246991-20-000083
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200218
FILED AS OF DATE: 20200219
DATE AS OF CHANGE: 20200219
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: POWERS JOHN FRANCIS
CENTRAL INDEX KEY: 0001595258
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13087
FILM NUMBER: 20630597
MAIL ADDRESS:
STREET 1: 599 LEXINGTON AVE
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]
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_158214890188217.xml
FORM 4
X0306
4
2020-02-18
0
0001037540
BOSTON PROPERTIES INC
BXP
0001595258
POWERS JOHN FRANCIS
BOSTON PROPERTIES, INC.
599 LEXINGTON AVENUE
NEW YORK
NY
10022
0
1
0
0
Executive Vice President
Common Stock, par value $0.01
2020-02-18
4
C
0
14318
A
14898.9582
D
Depositary Shares of Series B Preferred Stock
7272
D
Common Stock, par value $0.01
2685
I
by trust
LTIP Units
2020-02-18
4
C
0
14318
0.25
D
Common Stock, par value $0.01
14318.0
21438
D
Common OP Units
2020-02-18
4
C
0
14318
A
Common Stock, par value $0.01
14318.0
14318
D
Common OP Units
2020-02-18
4
C
0
14318
D
Common Stock, par value $0.01
14318.0
0
D
14,318 of the Reporting Person's units of limited partnership interest ("LTIP Units") in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the sole 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.
Includes an aggregate of 276.292189 shares of the Issuer's Common Stock which the Reporting Person acquired in July 3, 2017, July 2, 2018 and January 2, 2020 pursuant to the Boston Properties, Inc. 1999 Employee Stock Purchase Plan and an aggregate of 30.480932 shares of the Issuer's Common Stock which the Reporting Person acquired in November 7, 2017, February 13, 2018, May 2, 2018, August 3, 2018, November 5, 2018, February 1, 2019, May 3, 2019, August 2, 2019, November 5, 2019 and February 4, 2020 pursuant to the Boston Properties, Inc. Dividend Reinvestment and Stock Purchase Plan.
Complete Title of Security: Depositary Shares Each Representing 1/100th of a Share of 5.25% Series B Cumulative Redeemable Preferred Stock, par value $.01 per share (the "Series B Preferred Stock"). The Issuer pays cumulative cash dividends on the Series B Preferred Stock at a fixed rate of 5.25% per annum of the liquidation preference per share of the Series B Preferred Stock (equivalent to a fixed annual amount of $1.3125 per Depositary Share). The Depositary Shares are not redeemable by the holders thereof, have no maturity date, are not convertible into or exchangeable for any other property or any security of the Issuer or any of its affiliates, and generally have no voting rights.
Represents LTIP Units in BPLP, of which the Issuer is the general partner, 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 the holder, into a Common OP Unit in BPLP. 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.
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 the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at it's election, acquire each Common OP Unit so presented for redemption for one share of Common Stock. Common OP Units have no expiration date.
/s/ Kelli A. DiLuglio, as Attorney-in-Fact
2020-02-19