BOSTON PROPERTIES INC 4

4 · BOSTON PROPERTIES INC · Filed Sep 3, 2003

Form 4

Period: 2003-08-12

Director

Transactions

Conversion
Common OP Units
2003-08-12+936,510→ 936,510 total(indirect: By Trust)
→ Common Stock (936,510 underlying)
Conversion
Common OP Units
2003-08-12+247,966→ 247,966 total
→ Common Stock (247,966 underlying)
Conversion
Series One Preferred Units (liquidation preference $34.00)
2003-08-12$34.00/sh−1,053,575$35,821,550→ 0 total(indirect: By Trust)
Exercise: $38.25→ Common Stock (936,510 underlying)
Conversion
Common OP Units
2003-08-12+106,571→ 106,571 total(indirect: By Partnership)
→ Common Stock (106,571 underlying)
Conversion
Common OP Units
2003-08-12+12,242→ 12,242 total(indirect: By corporations)
→ Common Stock (12,242 underlying)
Conversion
Series One Preferred Units (liquidation preference $34.00)
2003-08-12$34.00/sh−278,962$9,484,708→ 0 total
Exercise: $38.25→ Common Stock (247,966 underlying)
Conversion
Series One Preferred Units (liquidation preference $34.00)
2003-08-12$34.00/sh−13,776$468,384→ 0 total(indirect: By corporations)
Exercise: $38.25→ Common Stock (12,242 underlying)
Conversion
Series One Preferred Units (liquidation preference $34.00)
2003-08-12$34.00/sh−119,893$4,076,362→ 0 total(indirect: By Partnership)
Exercise: $38.25→ Common Stock (106,571 underlying)

Footnotes (3)

[F1]The Series One Preferred Units of limited partnership interest in Boston Properties Limited Partnership (BPLP), of which the Issuer is the general partner, were redeemed by BPLP and converted into common units of limited partnership interest in BPLP (Common OP Units).
[F2]Each Series One Preferred Unit was convertible (i) at the election of the holder at any time and (ii) at the election of BPLP on or after June 30, 2003, into approximately 0.88889 of a Common OP Unit. Each Common OP Unit acquired upon conversion of a Series One Preferred Unit may be presented for redemption at the election of the holder at any time for cash equal to the then fair market value of a share of Common Stock, except that the Issuer may acquire each Common OP Unit so presented for one share of Common Stock.
[F3]The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Documents

1 file