Kevorkian Eric G 4
4 · BOSTON PROPERTIES INC · Filed Sep 12, 2023
Insider Transaction Report
Form 4
Kevorkian Eric G
SVP, CLO and Secretary
Transactions
- Sale
Common Stock, par value $0.01
2023-09-11$66.43/sh−1,000$66,430→ 994 total - Conversion
Common OP Units
2023-09-11−1,000→ 3,757.43 total→ Common Stock, par value $0.01 (1,000 underlying) - Conversion
Common Stock, par value $0.01
2023-09-11+1,000→ 1,994 total
Footnotes (3)
- [F1]1,000 of the reporting person's common units of limited partnership interest ("Common OP Units") in Boston Properties Limited Partnership ("BPLP") were redeemed by the reporting person for an equal number of shares of the Issuer's common stock in accordance with BPLP's Partnership Agreement.
- [F2]Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $66.40 to $66.44, 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.
- [F3]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 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 redemption for one share of the Issuer's Common Stock. Common OP Units have no expiration date.