SEC Form 4 · accession 0001246991-16-000516
BXP, Inc. · BXP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Francis Powers
Officer — Executive Vice President
Period of report
Aug 17, 2016
Accepted (ET)
Aug 18, 2016 · 3:42 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 $0.01F1,F2 | Aug 17, 2016 | S | 10,000 | $141.9025 | D | 274 | D | |
| Depositary Shares of Series B Preferred StockF3,F4 | Aug 17, 2016 | P | 7,272 | $25.9964 | A | 7,272 | D | |
| Common Stock, par value $0.01 | holding | — | — | — | 2,685 | I | by trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $141.90 to $141.935 inclusive. The Reporting Person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F2Includes an aggregate of 274.19 shares which the Reporting Person acquired in January 2015, July 2015 and July 2016 pursuant to the Boston Properties, Inc. 1999 Non-Qualified Employee Stock Purchase Plan.
- F3Complete Title of Security: Depositary Shares Each Representing 1/100th of a Share of 5.25% Series B Cumulative Redeemable Preferred Stock, par value $.01 per share (the "Series B Preferred Stock"). The Issuer pays cumulative cash dividends on the Series B Preferred Stock at a fixed rate of 5.25% per annum of the liquidation preference per share of the Series B Preferred Stock (equivalent to a fixed annual amount of $1.3125 per Depositary Share). The Depositary Shares are not redeemable by the holders thereof, have no maturity date, are not convertible into or exchangeable for any other property or any security of the Issuer or any of its affiliates, and generally have no voting rights.
- F4Represents the weighted average purchase price per share. These shares were purchased in multiple transactions at purchase prices ranging from $25.94 to $26.00 inclusive. The Reporting Person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.