4//SEC Filing
BURKE ROBERT EDWIN 4
Accession 0001246991-05-000019
CIK 0001037540other
Filed
Jan 30, 7:00 PM ET
Accepted
Jan 31, 5:17 PM ET
Size
6.6 KB
Accession
0001246991-05-000019
Insider Transaction Report
Form 4
BURKE ROBERT EDWIN
Executive Vice President
Transactions
- Award
LTIP Units
2005-01-28$0.25/sh+10,347$2,587→ 16,343 total→ Common Stock (10,347 underlying)
Footnotes (2)
- [F1]Represents units of limited partnership interest in Boston Properties Limited Partnership (BPLP), of which the Issuer is the general partner, issued as long term incentive compensation pursuant to the Issuer's equity based compensatory programs. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in BPLP (Common OP Unit). Each Common OP Unit acquired upon conversion of a LTIP Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of the Issuer's Common Stock, except that the Issuer may, at its election as directed by BPLP, acquire each Common OP Unit so presented for one share of Common Stock.
- [F2]LTIP Units vest over five years, 0% in first two years, 25% on February 1, 2008, 35% on February 1, 2009 and 40% on February 1, 2010.
Documents
Issuer
BOSTON PROPERTIES INC
CIK 0001037540
Entity typeother
Related Parties
1- filerCIK 0001217188
Filing Metadata
- Form type
- 4
- Filed
- Jan 30, 7:00 PM ET
- Accepted
- Jan 31, 5:17 PM ET
- Size
- 6.6 KB