Sec Form 4 Filing - POWERS JOHN FRANCIS @ BOSTON PROPERTIES INC - 2021-04-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
POWERS JOHN FRANCIS
2. Issuer Name and Ticker or Trading Symbol
BOSTON PROPERTIES INC [ BXP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Executive Vice President
(Last) (First) (Middle)
BOSTON PROPERTIES, INC., 599 LEXINGTON AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
04/01/2021
(Street)
NEW YORK, NY10022
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Depositary Shares of Series B Preferred Stock ( 1 ) 04/01/2021 J( 2 ) 7,272 D $ 25 ( 2 ) 0 D
Common Stock, par value $0.01 607.8336 ( 3 ) D
Common Stock, par value $0.01 2,685 I by trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
POWERS JOHN FRANCIS
BOSTON PROPERTIES, INC.
599 LEXINGTON AVENUE
NEW YORK, NY10022
Executive Vice President
Signatures
/s/ Kelli A. DiLuglio, as Attorney-in-Fact 04/05/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Complete 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").
( 2 )On April 1, 2021 (the "Redemption Date"), the Issuer redeemed all outstanding shares of its Series B Preferred Stock and the corresponding Depositary Shares, including the Depositary Shares owned by the Reporting Person. The Depositary Shares were redeemed at a redemption price of $25.00 per share, plus all accrued and unpaid dividends per share up to, but excluding, the Redemption Date, which equals approximately $25.1641 per share.
( 3 )Includes 26.875347 shares which the Reporting Person acquired in May, August and November 2020 and February 2021 pursuant to the Boston Properties, Inc. Dividend Reinvestment and Stock Purchase Plan.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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