4//SEC Filing
Otteni Peter V 4
Accession 0001246991-24-000291
CIK 0001037540other
Filed
Aug 8, 8:00 PM ET
Accepted
Aug 9, 1:01 PM ET
Size
12.7 KB
Accession
0001246991-24-000291
Insider Transaction Report
Form 4
BXP, Inc.BXP
Otteni Peter V
Executive Vice President
Transactions
- Conversion
Common OP Units
2024-08-09−4,785→ 0 total→ Common Stock, par value $0.01 (4,785 underlying) - Conversion
Common Stock, par value $0.01
2024-08-09+4,785→ 4,785 total - Conversion
LTIP Units
2024-08-09$0.25/sh−4,785$1,196→ 39,656 total→ Common Stock, par value $0.01 (4,785 underlying) - Conversion
Common OP Units
2024-08-09+4,785→ 4,785 total→ Common Stock, par value $0.01 (4,785 underlying)
Footnotes (3)
- [F1]4,785 of the reporting person's units of limited partnership interest ("LTIP Units") in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the 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]Represents LTIP Units in BPLP 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 BPLP or the holder, into a 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, acquire each Common OP Unit so presented for one share of the Issuer's common stock. LTIP Units have no expiration date.
- [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 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 redemption for one share of the Issuer's common stock. Common OP Units have no expiration date.
Documents
Issuer
BXP, Inc.
CIK 0001037540
Entity typeother
Related Parties
1- filerCIK 0001862920
Filing Metadata
- Form type
- 4
- Filed
- Aug 8, 8:00 PM ET
- Accepted
- Aug 9, 1:01 PM ET
- Size
- 12.7 KB