4//SEC Filing
SELSAM ROBERT E 4
Accession 0001246991-11-000060
CIK 0001037540other
Filed
Jan 31, 7:00 PM ET
Accepted
Feb 1, 4:26 PM ET
Size
15.5 KB
Accession
0001246991-11-000060
Insider Transaction Report
Form 4
SELSAM ROBERT E
Senior Vice President
Transactions
- Award
LTIP Units
2011-01-28$0.25/sh+3,874$969→ 35,361 totalFrom: 2011-01-28→ Common Stock (3,874 underlying) - Sale
Common Stock, par value $.01
2011-01-31$94.30/sh−30,000$2,829,069→ 21,030.428 total - Award
Employee Stock Option (right to buy)
2011-01-28+4,854→ 4,854 totalExercise: $92.71From: 2011-01-28Exp: 2021-01-28→ Common Stock (4,854 underlying) - Exercise/Conversion
Common Stock, par value $.01
2011-01-31$32.62/sh+30,000$978,600→ 51,030.428 total - Exercise/Conversion
Employee Stock Option (right to buy)
2011-01-31−30,000→ 23,699 totalExercise: $32.62Exp: 2012-01-17→ Common Stock (30,000 underlying)
Holdings
- 800(indirect: By Children)
Common Stock, par value $.01
Footnotes (5)
- [F1]Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $94.19 to $94.38, inclusive. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- [F2]The options are fully vested upon grant as a result of the Reporting Person's attainment of age 62 with over 20 years of service with the Issuer.
- [F3]Represents units of limited partnership interest in Boston Properties Limited Partnership (BPLP), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory 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 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 as directed by BPLP, acquire each Common OP Unit so presented for one share of Common Stock.
- [F4]The 3,874 LTIP Units are fully vested upon grant as a result of the Reporting Person's attainment of age 62 with over 20 years of service with the Issuer.
- [F5]The option vested in three equal annual installments beginning on January 17, 2003.
Documents
Issuer
BOSTON PROPERTIES INC
CIK 0001037540
Entity typeother
Related Parties
1- filerCIK 0001217110
Filing Metadata
- Form type
- 4
- Filed
- Jan 31, 7:00 PM ET
- Accepted
- Feb 1, 4:26 PM ET
- Size
- 15.5 KB