BXP, Inc. — Director's Dealing 2016

Aug 18, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BOSTON PROPERTIES INC (BXP)
CIK: 0001037540
Period of Report: 2016-08-17

Reporting Person: POWERS JOHN FRANCIS (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-17	Common Stock, par value $0.01	S	10000	$141.9025	Disposed	274.19	Direct
2016-08-17	Depositary Shares of Series B Preferred Stock	P	7272	$25.9964	Acquired	7272	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01	2685	Indirect

Footnotes

F1: Represents the weighted average sale price. These shares were sold in multiple transactions at sale prices ranging from $141.90 to $141.935 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.

F2: Includes an aggregate of 274.19 shares which the Reporting Person acquired in January 2015, July 2015 and July 2016 pursuant to the Boston Properties, Inc. 1999 Non-Qualified Employee Stock Purchase Plan.

F3: 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"). The Issuer pays cumulative cash dividends on the Series B Preferred Stock at a fixed rate of 5.25% per annum of the liquidation preference per share of the Series B Preferred Stock (equivalent to a fixed annual amount of $1.3125 per Depositary Share). The Depositary Shares are not redeemable by the holders thereof, have no maturity date, are not convertible into or exchangeable for any other property or any security of the Issuer or any of its affiliates, and generally have no voting rights.

F4: Represents the weighted average purchase price per share. These shares were purchased in multiple transactions at purchase prices ranging from $25.94 to $26.00 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 purchased at each separate price.