1 unchanged sentence
Boston Properties, Inc.
−Removed: During the three months ended March 31, 2020, BXP issued an aggregate of 461,856 shares of common stock in exchange for 461,856 common units of limited partnership held by certain limited partners of BPLP.
+Added: (a) During the three months ended June 30, 2020, BXP issued an aggregate of 302,784 shares of common stock in exchange for 302,784 common units of limited partnership held by certain limited partners of BPLP.
Of these shares, 110,667 shares were issued in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended.
−Removed: We relied on the exemption under Section 4(a)(2) based upon factual representations received from the limited partner who received the common shares.
−Removed: Not applicable.
−Removed: Issuer Purchases of Equity Securities.
−Removed: Total Number of Shares of Common Stock Purchased
−Removed: Average Price Paid per Common Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
+Added: We relied on the exemption under Section 4(a)(2) based upon factual representations received from the limited partners who received the common shares.
+Added: (b) Not applicable.
+Added: (c) Issuer Purchases of Equity Securities.
+Added: Total Number of Shares of Common Stock Purchased (b)
+Added: Average Price Paid per Common Share (c)
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (d)
Maximum Number (or Approximate Dollar Value) of Shares that May Yet be Purchased
−Removed: January 1, 2020 - January 31, 2020
−Removed: February 1, 2020 - February 29, 2020
−Removed: March 1, 2020 - March 31, 2020
+Added: April 1, 2020 - April 30, 2020 — $ — N/A N/A
+Added: May 1, 2020 - May 31, 2020 180 (1) $ 83.73 N/A N/A
+Added: June 1, 2020 - June 30, 2020 — $ — N/A N/A
+Added: Total 180 $ 83.73 N/A N/A
(1) Represents shares of common stock of BXP surrendered by employees to BXP to satisfy such employees’ tax withholding obligations in connection with the vesting of restricted common stock.
−Removed: Represents shares of restricted common stock of BXP repurchased in connection with the termination of a certain employee’s employment with BXP.
−Removed: Under the terms of the applicable restricted stock award agreements, the shares were repurchased by BXP at a price of $0.01 per share, which was the amount originally paid by such employee for such shares.
Boston Properties Limited Partnership
−Removed: Each time BXP issues shares of stock (other than in exchange for common units of BPLP when such common units are presented for redemption), it contributes the proceeds of such issuance to BPLP in return for an equivalent number of partnership units with rights and preferences analogous to the shares issued.
−Removed: During the three months ended March 31, 2020, in connection with issuances of common stock by BXP pursuant to issuances to employees of restricted common stock and exercises of non-qualified stock options under the Boston Properties, Inc.
−Removed: 2012 Stock Option and Incentive Plan and pursuant to issuances under the Boston Properties, Inc.
−Removed: 1999 Non-Qualified Employee Stock Purchase Plan, BPLP issued an aggregate of approximately 70,694 common units to BXP in exchange for approximately $4.29 million, the aggregate proceeds of such common stock issuances to BXP.
+Added: (a) Each time BXP issues shares of stock (other than in exchange for common units of BPLP when such common units are presented for redemption), it contributes the proceeds of such issuance to BPLP in return for an equivalent number of partnership units with rights and preferences analogous to the shares issued.
+Added: During the three months ended June 30, 2020, in connection with issuances of common stock by BXP pursuant to issuances to non-employee directors of restricted common stock under the Boston Properties, Inc.
+Added: 2012 Stock Option and Incentive Plan, BPLP issued an aggregate of 5,127 common units to BXP in exchange for approximately $51.27, the aggregate proceeds of such common stock issuances to BXP.
Such units were issued in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended.
−Removed: Not Applicable.
−Removed: Issuer Purchases of Equity Securities.
+Added: (b) Not Applicable.
+Added: Table of Content s
+Added: (c) Issuer Purchases of Equity Securities.
Total Number of Units
−Removed: Average Price Paid per Unit
−Removed: Total Number of Units Purchased as Part of Publicly Announced Plans or Programs
+Added: Purchased (b)
+Added: Average Price Paid per Unit (c)
+Added: Total Number of Units Purchased as Part of Publicly Announced Plans or Programs (d)
Maximum Number (or Approximate Dollar Value) of Units that May Yet be Purchased
−Removed: January 1, 2020 - January 31, 2020
−Removed: February 1, 2020 - February 29, 2020
−Removed: March 1, 2020 - March 31, 2020
−Removed: Includes 1,482 LTIP units and 62 2016 MYLTIP units that were repurchased in connection with the termination of an employee’s employment with BXP.
−Removed: Under the terms of the applicable LTIP unit vesting agreements and 2016 MYLTIP award agreement, such LTIP units and 2016 MYLTIP units were repurchased at a price $0.25 per unit, which was the amount originally paid by such employee for such units.
−Removed: Also includes 7,149 common units previously held by BXP that were redeemed in connection with the surrender of shares of restricted common stock of BXP by employees to BXP to satisfy such employees’ tax withholding obligations in connection with the vesting of restricted common stock.
−Removed: Includes 270,942 2017 MYLTIP units.
−Removed: The measurement period for such 2017 MYLTIP units ended on February 6, 2020 and BXP’s total return to stockholders was sufficient for employees to earn and therefore become eligible to vest in a portion of the 2017 MYLTIP units.
−Removed: Under the terms of the applicable 2017 MYLTIP award agreements, the 270,942 unearned 2017 MYLTIP units were repurchased at a price of $0.25 per 2017 MYLTIP unit, which was the amount originally paid by each employee for the units.
−Removed: Also includes 228 common units previously held by BXP that were redeemed in connection with the surrender of shares of restricted common stock of BXP by employees to BXP to satisfy such employees’ tax withholding obligations in connection with the vesting of restricted common stock.
−Removed: Includes 915 common units of BPLP previously held by BXP that were redeemed in connection with the repurchase of restricted shares of common stock of BXP in connection with the termination of an employee’s employment with BXP.
−Removed: Under the terms of the applicable restricted stock award agreements, the shares were repurchased by BXP at a price of $0.01 per share, which was the amount originally paid by such employee for such shares.
+Added: April 1, 2020 - April 30, 2020 — $ — N/A N/A
+Added: May 1, 2020 - May 31, 2020 180 (1) $ 83.73 N/A N/A
+Added: June 1, 2020 - June 30, 2020 3,431 (2) $ 0.25 N/A N/A
+Added: Total 3,611 $ 4.41 N/A N/A
+Added: (1) Represents 180 common units previously held by BXP that were redeemed in connection with the surrender of shares of restricted common stock of BXP by employees to BXP to satisfy such employees’ tax withholding obligations in connection with the vesting of restricted common stock.
+Added: (2) Includes 2,933 LTIP units, 89 2017 MYLTIP units and 409 2019 MYLTIP units that were repurchased in connection with the termination of an employee’s employment with BXP.
+Added: Under the terms of the applicable LTIP unit vesting agreements and 2017 and 2019 MYLTIP award agreements, such LTIP units and 2017 and 2019 MYLTIP units were repurchased at a price $0.25 per unit, which was the amount originally paid by such employee for such units.
ITEM 3—Defaults Upon Senior Securities.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.