Form 4 for BXP BXP, Inc.

Accepted 2023-02-07 00:00:00 ET · period of report 2023-02-03 · accession 0001246991-23-000049 · 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	2023-02-07	2023-02-03	BXP	Spann Hilary J.	EVP	A - Grant	$0.00	+3,974	21.1K	+23%	$0
D	2023-02-07	2023-02-03	BXP	Spann Hilary J.	EVP	A - Grant	$0.25	+3,975	8,694	+84%	+$993.75

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock, par value $0.01	2023-02-03	A	A	3,974	$0.00	21,122	D	—	—
2	Derivative	LTIP Units	2023-02-03	A	A	3,975	$0.25	8,694	D	— · — to —	3,975 Common Stock, par value $0.01	(F1) Represents units of limited partnership interest in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, issued as long term incentive compensation ("LTIP Units") pursuant to the Issuer's equity based incentive programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of BPLP or the holder, into a common unit of limited partnership interest in BPLP ("Common OP Unit"). Each Common OP Unit acquired upon conversion of an LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election, acquire each Common OP Unit so presented for one share of Common Stock. LTIP Units have no expiration date. (F2) The 3,975 LTIP Units vest in four equal annual installments beginning on January 15, 2024.