PATRICOF ALAN J 4
4 · BOSTON PROPERTIES INC · Filed Jan 2, 2018
Insider Transaction Report
Form 4
PATRICOF ALAN J
Director
Transactions
- Award
Phantom Stock Units
2017-12-31$130.03/sh+187.46$24,375→ 36,027.77 total→ Common Stock, par value $0.01 (187.46 underlying)
Footnotes (3)
- [F1]The Phantom Stock Units convert to Common Stock on a 1-for-1 basis.
- [F2]The Phantom Stock Units are awarded under the Boston Properties, Inc. 2012 Stock Option and Incentive Plan (the "2012 Plan") to non-employee directors who elected to receive Phantom Stock Units in lieu of director cash compensation fees. The Phantom Stock Units 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, Inc. Board of Directors.
- [F3]Includes 220.46 Phantom Stock Units acquired as quarterly dividend equivalent rights on October 31, 2017. 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 or, following May 15, 2012, under the 2012 Plan.