SEC Form 4 · accession 0001246991-15-000206
BXP, Inc. · BXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Raymond A Ritchey
Officer — Executive Vice President
Period of report
Jun 3, 2015
Accepted (ET)
Jun 3, 2015 · 3:26 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 $.01F2 | Jun 3, 2015 | C | 50,000 | — | A | 50,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common OP UnitsF2,F3,F4 | — | Jun 3, 2015 | C | 50,000 | D | — | — | Common Stock | 50,000 | 155,077 | D |
| Common OP UnitsF2,F3 | — | holding | — | — | — | — | — | Common Stock | 0 | 0 | I |
| Common OP UnitsF2,F4 | — | holding | — | — | — | — | — | Common Stock | 45,493 | 45,493 | I |
| Common OP UnitsF2 | — | holding | — | — | — | — | — | Common Stock | 35,600 | 35,600 | I |
Explanation of responses
- F150,000 of the Reporting Person's common units of limited partnership interest (Common OP Units) in Boston Properties Limited Partnership (BPLP), of which the Issuer is the sole general partner, were redeemed for an equal number of shares of the Issuer's Common Stock in accordance with BPLP's Partnership Agreement.
- F2Represents 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.
- F3Reflects the distribution of 7,317 Common OP Units previously owned indirectly by Ritchey, LLC to the Reporting Person as part of an annual annuity payment on May 5, 2014. The Reporting Person is the sole member and manager of Ritchey, LLC, which is owned by a grantor retained annuity trust of which the Reporting Person is the sole trustee and beneficiary.
- F4Reflects the distribution of 15,000 Common OP Units previously owned indirectly by RAR Ritchey, LLC to the Reporting Person as part of an annual annuity payment on December 10, 2014. The Reporting Person is the sole member and manager of RAR Ritchey, LLC, which is owned by a grantor retained annuity trust of which the Reporting Person is the sole trustee and beneficiary.