BOSTON PROPERTIES INC 4
4 · BOSTON PROPERTIES INC · Filed Nov 19, 2008
Insider Transaction Report
Form 4
LINDE EDWARD H
DirectorCEO
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2008-11-17−125,000→ 164,668 totalExercise: $36.45Exp: 2011-02-02→ Common Stock (125,000 underlying) - Exercise/Conversion
Common Stock, par value $.01
2008-11-17$36.45/sh+125,000$4,556,250→ 841,503 total - Gift
Common Stock, par value $.01
2008-11-17−125,000→ 716,503 total
Footnotes (2)
- [F1]In January 2008, the issuer paid a special dividend of $5.98 per share of common stock to all stockholders of record as of the close of business on December 31, 2007. In connection with the special dividend, the issuer's Board of Directors adjusted all options that were awarded, but not exercised, prior to the ex-dividend date for the special dividend to account for the effect of the 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 the special dividend. Accordingly, the number of shares underlying Mr. Linde's option increased by 17,014 from 272,654 to 289,668, and the per share exercise price was correspondingly decreased.
- [F2]The option vested in three equal annual installments beginning on February 2, 2002.