SEC Form 4 · accession 0001246991-15-000073

BXP, Inc. · BXP

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Feb 3, 2015

Accepted (ET)

Feb 5, 2015 · 3:34 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001037540

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, par value $0.01^F1	Nov 10, 2014	G	120,109	$0.00	D	740,845	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
LTIP Units^F2,F3	—	Feb 3, 2015	A	15,513	A	—	—	Common Stock	15,513	592,163	D

F1Includes an aggregate of 214.9242 shares which the Reporting Person acquired in January 2014 and July 2014 pursuant to the Boston Properties, Inc. 1999 Non-Qualified Employee Stock Purchase Plan.
F2Represents units of limited partnership interest in Boston Properties Limited Partnership (BPLP), of which the Issuer is the general partner, 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 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.
F3The 15,513 LTIP Units were fully vested upon issuance but are non-transferable until January 1, 2016.