SEC Form 4 · accession 0001246991-15-000202

BXP, Inc. · BXP

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

Reporting owner

Officer — SVP and CFO

Period of report

Jun 1, 2015

Accepted (ET)

Jun 2, 2015 · 12:45 pm EDT

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,F2	Jun 1, 2015	M	5,538	$87.70	A	11,105	D
Common Stock, par value $0.01	Jun 1, 2015	S	5,538	$131.5162	D	5,567	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Employee Stock Option (right to buy)^F1,F2,F3	$87.70	Jun 1, 2015	M	5,538	D	—	Jan 28, 2021	Common Stock	5,538	0	D

F1In (1) January 2014, the Issuer paid a special dividend of $2.25 per share of Common Stock to all stockholders of record as of the close of business on December 31, 2013 and (2) January 2015, the Issuer paid a special dividend of $4.50 per share of Common Stock to all stockholders of record as of the close of business on December 31, 2014. In connection with these special dividends, the Issuer's Board of Directors adjusted all options that were awarded, but not exercised, prior to the ex-dividend date for each special dividend to account for the effect of each special dividend. The number of shares subject to each such option was increased and the exercise price correspondingly decreased such that each option had the same fair value to the holder before and after giving effect to the payment of each special dividend.
F2Pursuant to the adjustments described in Footnote 1, the number of shares underlying Mr. LaBelle's options increased by (1) 115 from 5,239 to 5,354 in January 2014 and (2) 184 from 5,354 to 5,538 in January 2015 and the per share exercise price was correspondingly decreased.
F3The options vested in four equal annual installments beginning on January 15, 2012.