Form 4 for BXP BXP, Inc.
Accepted 2021-11-24 00:00:00 ET · period of report 2021-11-23 · accession 0001246991-21-000255 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-11-24 | 2021-11-23 | BXP | LINDE DOUGLAS T | Pres, Dir | M - OptEx | $100.77 | +34.5K | 215.2K | +19% | +$3.47M |
| DM | 2021-11-24 | 2021-11-23 | BXP | LINDE DOUGLAS T | Pres, Dir | S - Sale+OE | $118.58 | -34.5K | 180.8K | -16% | -$4.09M |
| D | 2021-11-24 | 2021-11-23 | BXP | LINDE DOUGLAS T | Pres, Dir | M - OptEx | $0.00 | -34.5K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock, par value $0.01 | 2021-11-23 | M | A | 34,476 | $100.77 | 215,238.75 | D | — | — | |
| 2 | Common | Common Stock, par value $0.01 | 2021-11-23 | S | D | 23,436 | $118.32 | 191,802.75 | D | — | — | (F1) Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $117.690 to $118.685, 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. |
| 3 | Common | Common Stock, par value $0.01 | 2021-11-23 | S | D | 11,040 | $119.14 | 180,762.75 | D | — | — | (F2) Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $118.690 to $119.615, 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. |
| 4 | Derivative | Employee Stock Option (right to buy) | 2021-11-23 | M | D | 34,476 | $0.00 | 0 | D | $100.77 · — to 2022-02-03 | 34,476 Common Stock, par value $0.01 | (F4) Pursuant to the adjustments described in Footnote 3, the number of shares underlying Mr. Linde's options increased by (1) 714 from 32,295 to 33,009 in January 2014, (2) 1,135 from 33,009 to 34,144 in January 2015 and (3) 332 from 34,144 to 34,476 in January 2016 and the per share exercise price was correspondingly decreased. (F3) In (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, (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 and (3) January 2016, the Issuer paid a special dividend of $1.25 per share of Common Stock to all stockholders of record as of the close of business on December 31, 2015. 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. (F5) The option vested in four equal annual installments beginning on January 15, 2013. |