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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 3/31/24 |
| Not Subject to Section 16: 0 |
| Issuer: |
| Issuer CIK: 1037540 |
| Issuer Name: BOSTON PROPERTIES INC |
| Issuer Trading Symbol: BXP |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1626201 |
| | Owner Name: West Tony |
| Reporting Owner Address: |
| | Owner Street 1: 800 BOYLSTON STREET |
| | Owner Street 2: SUITE 1900 |
| | Owner City: BOSTON |
| | Owner State: MA |
| | Owner ZIP Code: 02199 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? No |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Phantom Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F1 |
| | Transaction Date: |
| | | Value: 3/31/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 363.65 |
| | | Transaction Price Per Share: |
| Value: 65.31 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Footnote ID: F2 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock, par value $0.01 |
| | | Underlying Security Shares: |
| Value: 363.65 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,303.69 |
| Footnote ID: F3 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: The Phantom Stock Units convert to Boston Properties, Inc. common stock on a 1-for-1 basis. |
| Footnote - F2: The Phantom Stock Units are awarded under the Boston Properties, Inc. ("BXP") 2021 Stock Incentive Plan to non-employee directors who elected to receive Phantom Stock Units in lieu of director cash compensation fees. The Phantom Stock Units are to be settled in shares of BXP common stock (except that fractional units, if any, will be settled in cash) in a lump sum or in ten annual installments, at the reporting person's election, following the reporting person's retirement from the BXP Board of Directors. In addition, non-employee directors who elect a deferred payout following their retirement may make one or more elections to convert a portion (but only in 25% increments) of their notional investment from BXP common stock to a deemed investment in one or more measurement funds. These elections may only be made after the director's service on the BXP Board of Directors ends. Amounts notionally invested in measurement funds will be settled in cash instead of BXP common stock. |
| Footnote - F3: Includes 12.98 Phantom Stock Units received pursuant to dividend equivalent rights which were credited to the Reporting Person on January 30, 2024. |
| Remarks: |
| Owner Signature: |
| Signature Name: /s/ Kelli A. DiLuglio, as Attorney-in-Fact |
| Signature Date: 4/1/24 |
