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BXP, Inc. Director's Dealing 2010

Aug 16, 2010

30463_dirs_2010-08-16_8a7e17b5-bc77-4d5c-8119-f175227208a2.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOSTON PROPERTIES INC (BXP)
CIK: 0001037540
Period of Report: 2010-08-12

Reporting Person: ZUCKERMAN MORTIMER B (Director, Chairman & CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-08-12 Common Stock, par value $.01 M 203000 $36.45 Acquired 1698041.9143 Direct
2010-08-12 Common Stock, par value $.01 S 203000 $81.5608 Disposed 1495041.9143 Direct
2010-08-13 Common Stock, par value $.01 M 203089 $36.45 Acquired 1698130.9143 Direct
2010-08-13 Common Stock, par value $.01 S 203089 $81.35 Disposed 1495041.9143 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-08-12 Employee Stock Option (right to buy) $36.45 M 203000 Disposed 2011-02-02 Common Stock (203000) Direct
2010-08-13 Employee Stock Option (right to buy) $36.45 M 203089 Disposed 2011-02-02 Common Stock (203089) Direct

Footnotes

F1: Includes 169.9143 shares which the Reporting Person acquired in January 2010 pursuant to the Boston Properties, Inc. 1999 Non-Qualified Employee Stock Purchase Plan.

F2: Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $81.29 to $82.04, 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.

F3: Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $81.00 to $81.99, 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.

F4: The options vested in three equal annual installments beginning February 2, 2002.