4//SEC Filing
TWARDOCK DAVID A 4
Accession 0001246991-21-000244
CIK 0001037540other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 1:58 PM ET
Size
6.5 KB
Accession
0001246991-21-000244
Insider Transaction Report
Form 4
TWARDOCK DAVID A
Director
Transactions
- Award
Phantom Stock Units
2021-09-30$108.35/sh+299.95$32,500→ 29,333.73 total→ Common Stock, par value $0.01 (299.95 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. 2021 Stock Incentive Plan (the "2021 Plan") to non-employee directors who elected to receive Phantom Stock Units in lieu of directorcash 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) in a lump sum or in ten annual installments, at the Reporting Person's election, following the Reporting Person's retirement from the Boston Properties, Inc. Board of Directors. In addition, non-employee directors who elect a deferred payout following their retirement may elect to convert not less than 100% of their notional investment from Common Stock to a deemed investment in one or more measurement funds. This election may only be made after the director's service on the Board of Directors ends. A director's account that has been converted to measurement funds will be settled in cash instead of Common Stock.
- [F3]Includes 240.39 Phantom Stock Units received pursuant to dividend equivalent rights which were credited to the Reporting Person on July 30, 2021.
Documents
Issuer
BOSTON PROPERTIES INC
CIK 0001037540
Entity typeother
Related Parties
1- filerCIK 0001229891
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 1:58 PM ET
- Size
- 6.5 KB