Accession Number: | 0001246991-20-000111 |
Date: | 2020-02-18 |
Issuer: | BOSTON PROPERTIES INC (BXP) |
Original Submission Date: |
RITCHEY RAYMOND A
C/O BOSTON PROPERTIES, INC.
2200 PENNSYLVANIA AVENUE, NW
WASHINGTON, DC 20037
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
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LTIP UNITS | 0.0 | 2020-02-18 | deemed execution date | A | 19,498 (a) | common stock, par value $0.01 19,498 | $0.00 | 208,155 | direct |
ID | footnote |
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f1 | represents units of limited partnership interest in boston properties limited partnership ("bplp"), of which the issuer is the general partner, earned (i.e., for which the performance-based hurdles have been met) pursuant to the issuer's 2017 multi-year long-term incentive program (the "program"). |
f2 | 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 unit of limited partnership interest in bplp ("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 common stock. ltip units have no expiration date. |
f3 | the 19,498 ltip units earned pursuant to the program vested 50% upon being earned and 50% will vest on february 6, 2021. |