Item 2. Unregistered Sales of Equity Securities
ITEM 2—Unregistered Sales of Equity Securities and Use of Proceeds
Boston Properties, Inc.
(a) None.
(b) Not applicable.
(c) None.
Boston Properties Limited Partnership
(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. During the three months ended September 30, 2020, pursuant to issuances of common stock under the Boston Properties, Inc. 1999 Non-Qualified Employee Stock Purchase Plan, BPLP issued an aggregate of approximately 4,796 common units to BXP in exchange for approximately $373,500, 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.
(b) Not Applicable.
(c) Issuer Purchases of Equity Securities.
Period (a)
Total Number of Units
Purchased (b)
Average Price Paid per Unit (c)
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
July 1, 2020 - July 31, 2020 — $ — N/A N/A
August 1, 2020 - August 31, 2020 — $ — N/A N/A
September 1, 2020 - September 30, 2020 2,352 (1) $ 0.25 N/A N/A
Total 2,352 $ 0.25 N/A N/A
___________
(1) Includes 1,943 LTIP units and 409 2019 MYLTIP units that were repurchased in connection with the termination of an employee’s employment with BXP. Under the terms of the applicable LTIP unit vesting agreements and 2019 MYLTIP award agreement, such LTIP units 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.
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Table of Conte n ts
ITEM 3—Defaults Upon Senior Securities.
None.
ITEM 4—Mine Safety Disclosures.
None.
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