0001246991-21-000120.txt : 20210217
0001246991-21-000120.hdr.sgml : 20210217
20210217152237
ACCESSION NUMBER: 0001246991-21-000120
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210212
FILED AS OF DATE: 20210217
DATE AS OF CHANGE: 20210217
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: 21644329
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_161359333510556.xml
FORM 4
X0306
4
2021-02-12
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
LTIP Units
2021-02-12
4
A
0
1800
0.25
A
Common Stock, par value $0.01
1800.0
42823
D
Represents units of limited partnership interest in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, earned (i.e., for which the performance-based hurdles have been met) pursuant to the Issuer's 2018 Multi-Year Long-Term Incentive Program (the "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 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 1,800 LTIP Units earned pursuant to the Program vested 50% upon being earned and 50% will vest on February 5, 2022.
/s/ Kelli A. DiLuglio, as Attorney-in-Fact
2021-02-17