BURKE ROBERT EDWIN 4
4 · BOSTON PROPERTIES LTD PARTNERSHIP · Filed Jan 31, 2005
Insider Transaction Report
Form 4
BURKE ROBERT EDWIN
Executive Vice President of GP
Transactions
- Award
LTIP Units
2005-01-28$0.25/sh+10,347$2,587→ 16,343 totalExercise: $0.00→ Common OP Units (10,347 underlying)
Footnotes (2)
- [F1]Issued as long term incentive compensation pursuant to Boston Properties Inc.'s, the Issuer's general partner, 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 the Issuer.
- [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.