SEC Form 4 · accession 0001246991-16-000504
BXP, Inc. · BXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank D Burt
Officer — Senior Vice President
Period of report
Aug 1, 2016
Accepted (ET)
Aug 2, 2016 · 9:54 am 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 $.01F1 | Aug 1, 2016 | C | 4,573 | — | A | 4,573 | D | |
| Common Stock, par value $.01 | Aug 1, 2016 | G | 4,573 | $0.00 | D | 0 | D | |
| Common Stock, par value $.01 | Aug 1, 2016 | G | 4,573 | $0.00 | A | 4,573 | I | By The Burt Family Trust - 1993 |
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,F1 | — | Aug 1, 2016 | C | 4,573 | D | — | — | Common Stock | 4,573 | 0 | D |
Explanation of responses
- F14,573 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.