4//SEC Filing
RITCHEY RAYMOND A 4
Accession 0001246991-24-000297
CIK 0001037540other
Filed
Sep 9, 8:00 PM ET
Accepted
Sep 10, 12:15 PM ET
Size
18.5 KB
Accession
0001246991-24-000297
Insider Transaction Report
Form 4
BXP, Inc.BXP
RITCHEY RAYMOND A
Executive Vice President
Transactions
- Conversion
Common Stock, par value $0.01
2024-09-09+21,835→ 21,835 total - Sale
Common Stock, par value $0.01
2024-09-09$74.25/sh−21,835$1,621,225→ 0 total - Conversion
Common OP Units
2024-09-09+21,835→ 110,640 total→ Common Stock, par value $0.01 (21,835 underlying) - Conversion
LTIP Units
2024-09-09$0.25/sh−21,835$5,459→ 134,978 total→ Common Stock (21,835 underlying) - Conversion
Common OP Units
2024-09-09−21,835→ 88,805 total→ Common Stock, par value $0.01 (21,835 underlying)
Holdings
- 14,150(indirect: By Trust)
Common Stock, par value $0.01
- 10,500(indirect: By Trust)
Common OP Units
→ Common Stock, par value $0.01 (10,500 underlying) - 17,115(indirect: By Trust)
Common OP Units
→ Common Stock, par value $0.01 (17,115 underlying)
Footnotes (4)
- [F1]21,835 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 the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $74.0225 to $74.325, 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 LTIP Units in the Issuer issued as long term incentive compensation pursuant to BXP'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 Issuer 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 BXP's common stock, except that BXP may, at its election, acquire each Common OP Unit so presented for one share of BXP's common stock. LTIP Units have no expiration date.
- [F4]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
BXP, Inc.
CIK 0001037540
Entity typeother
Related Parties
1- filerCIK 0001219153
Filing Metadata
- Form type
- 4
- Filed
- Sep 9, 8:00 PM ET
- Accepted
- Sep 10, 12:15 PM ET
- Size
- 18.5 KB