4//SEC Filing
POWERS JOHN FRANCIS 4
Accession 0001246991-20-000083
CIK 0001037540other
Filed
Feb 18, 7:00 PM ET
Accepted
Feb 19, 4:48 PM ET
Size
15.3 KB
Accession
0001246991-20-000083
Insider Transaction Report
Form 4
POWERS JOHN FRANCIS
Senior Vice President
Transactions
- Conversion
LTIP Units
2020-02-18$0.25/sh−14,318$3,580→ 21,438 total→ Common Stock, par value $0.01 (14,318 underlying) - Conversion
Common Stock, par value $0.01
2020-02-18+14,318→ 14,898.958 total - Conversion
Common OP Units
2020-02-18+14,318→ 14,318 total→ Common Stock, par value $0.01 (14,318 underlying) - Conversion
Common OP Units
2020-02-18−14,318→ 0 total→ Common Stock, par value $0.01 (14,318 underlying)
Holdings
- 7,272
Depositary Shares of Series B Preferred Stock
- 2,685(indirect: By Trust)
Common Stock, par value $0.01
Footnotes (5)
- [F1]14,318 of the Reporting Person's units of limited partnership interest ("LTIP Units") in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the sole general partner, were converted into common units of limited partnership interest ("Common OP Units") in BPLP by the Reporting Person and the Common OP Units were redeemed for an equal number of shares of the Issuer's Common Stock in accordance with BPLP's Partnership Agreement.
- [F2]Includes an aggregate of 276.292189 shares of the Issuer's Common Stock which the Reporting Person acquired in July 3, 2017, July 2, 2018 and January 2, 2020 pursuant to the Boston Properties, Inc. 1999 Employee Stock Purchase Plan and an aggregate of 30.480932 shares of the Issuer's Common Stock which the Reporting Person acquired in November 7, 2017, February 13, 2018, May 2, 2018, August 3, 2018, November 5, 2018, February 1, 2019, May 3, 2019, August 2, 2019, November 5, 2019 and February 4, 2020 pursuant to the Boston Properties, Inc. Dividend Reinvestment and Stock Purchase Plan.
- [F3]Complete Title of Security: Depositary Shares Each Representing 1/100th of a Share of 5.25% Series B Cumulative Redeemable Preferred Stock, par value $.01 per share (the "Series B Preferred Stock"). The Issuer pays cumulative cash dividends on the Series B Preferred Stock at a fixed rate of 5.25% per annum of the liquidation preference per share of the Series B Preferred Stock (equivalent to a fixed annual amount of $1.3125 per Depositary Share). The Depositary Shares are not redeemable by the holders thereof, have no maturity date, are not convertible into or exchangeable for any other property or any security of the Issuer or any of its affiliates, and generally have no voting rights.
- [F4]Represents LTIP Units in BPLP, of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based incentive 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 OP Unit in BPLP. 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, acquire each Common OP Unit so presented for one share of Common Stock. LTIP Units have no expiration date.
- [F5]Represents Common OP Units in BPLP. Each Common OP Unit may be presented for redemption, at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at it's election, acquire each Common OP Unit so presented for redemption for one share of Common Stock. Common OP Units have no expiration date.
Documents
Issuer
BOSTON PROPERTIES INC
CIK 0001037540
Entity typeother
Related Parties
1- filerCIK 0001595258
Filing Metadata
- Form type
- 4
- Filed
- Feb 18, 7:00 PM ET
- Accepted
- Feb 19, 4:48 PM ET
- Size
- 15.3 KB