Form 4 for BXP BXP, Inc.
Accepted 2024-09-10 00:00:00 ET · period of report 2024-09-09 · accession 0001246991-24-000297 · 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 | 2024-09-10 | 2024-09-09 | BXP | RITCHEY RAYMOND A | Senior EVP | C - Cnv Deriv | — | +21.8K | 21.8K | New | — |
| D | 2024-09-10 | 2024-09-09 | BXP | RITCHEY RAYMOND A | Senior EVP | S - Sale | $74.25 | -21.8K | 0 | -100% | -$1.62M |
| DM | 2024-09-10 | 2024-09-09 | BXP | RITCHEY RAYMOND A | Senior EVP | C - Cnv Deriv | $0.25 | -21.8K | 135.0K | -14% | -$5,459 |
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 | 2024-09-09 | C | A | 21,835 | — | 21,835 | D | — | — | (F1) 21,835 of the reporting person's units of limited partnership interest ("LTIP Units") in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, were converted into common units of limited partnership interest ("Common OP Units") in BPLP by the reporting person and the Common OP Units were redeemed for an equal number of shares of the Issuer's common stock in accordance with BPLP's Partnership Agreement. |
| 2 | Common | Common Stock, par value $0.01 | 2024-09-09 | S | D | 21,835 | $74.25 | 0 | D | — | — | (F2) Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $74.0225 to $74.325, 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 | Derivative | Common OP Units | 2024-09-09 | C | A | 21,835 | — | 110,640 | D | — · — to — | 21,835 Common Stock, par value $0.01 | (F4) Represents 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. (F1) 21,835 of the reporting person's units of limited partnership interest ("LTIP Units") in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, were converted into common units of limited partnership interest ("Common OP Units") in BPLP by the reporting person and the Common OP Units were redeemed for an equal number of shares of the Issuer's common stock in accordance with BPLP's Partnership Agreement. |
| 4 | Derivative | Common OP Units | 2024-09-09 | C | D | 21,835 | — | 88,805 | D | — · — to — | 21,835 Common Stock, par value $0.01 | (F4) Represents 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. (F1) 21,835 of the reporting person's units of limited partnership interest ("LTIP Units") in Boston Properties Limited Partnership ("BPLP"), of which the Issuer is the general partner, were converted into common units of limited partnership interest ("Common OP Units") in BPLP by the reporting person and the Common OP Units were redeemed for an equal number of shares of the Issuer's common stock in accordance with BPLP's Partnership Agreement. |
| 5 | Derivative | LTIP Units | 2024-09-09 | C | D | 21,835 | $0.25 | 134,978 | D | — · — to — | 21,835 Common Stock | (F3) Represents LTIP Units in the Issuer issued as long term incentive compensation pursuant to BXP'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 the Issuer or the holder, into a 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 BXP's common stock, except that BXP may, at its election, acquire each Common OP Unit so presented for one share of BXP's common stock. LTIP Units have no expiration date. |