BOSTON PROPERTIES INC 4
4 · BOSTON PROPERTIES INC · Filed Aug 4, 2009
Insider Transaction Report
Form 4
ISEMAN FREDERICK J
Director
Transactions
- Award
Dividend Equivalent Rights
2009-07-31$52.90/sh+9.37$496→ 1,001.07 total→ Common Stock (9.37 underlying)
Footnotes (2)
- [F1]The rights convert to Common Stock on a 1-for-1 basis.
- [F2]Acquired as quarterly dividends on July 31, 2009. The rights were granted as a component of the Phantom Stock Units that were awarded under the Second Amendment and Restatement of the Boston Properties, Inc. 1997 Stock Option and Incentive Plan to non-employee directors who elected to receive Phantom Stock Units in lieu of director cash compensation fees. The rights are to be settled in shares of Common Stock (except that fractional units, if any, will be settled in cash) upon the Reporting Person's retirement from the Boston Properties Board of Directors.