SEC Form 4 · accession 0001246991-15-000230
BXP, Inc. · BXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joel Klein
Director
Period of report
Jul 31, 2015
Accepted (ET)
Aug 3, 2015 · 1:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001037540
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Equivalent RightsF1,F2 | — | Jul 31, 2015 | A | 11 | A | — | — | Common Stock | 11 | 2,009 | D |
Explanation of responses
- F1The rights convert into Common Stock on a 1-for-1 basis.
- F2Acquired as quarterly dividends on July 31, 2015. The rights were granted as a component of the Phantom Stock Units that were awarded under the Boston Properties, Inc. 2012 Stock Option and Incentive Plan to non-employee directors who elected to receive Phantom Stock Units in lieu of director cash compensation fees. The rights are to be settled in shares of Common Stock (except that fractional units, if any, will be settled in cash) upon the Reporting Person's retirement from the Boston Properties Board of Directors.