4//SEC Filing
NORVILLE E MITCHELL 4
Accession 0001246991-08-000051
CIK 0001037540other
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 5:11 PM ET
Size
8.6 KB
Accession
0001246991-08-000051
Insider Transaction Report
Form 4
NORVILLE E MITCHELL
EVP, COO
Transactions
- Tax Payment
Common Stock, par value $.01
2007-02-01$96.09/sh−1,082$103,969→ 16,640.33 total - Award
LTIP Units
2008-02-01$0.25/sh+22,114$5,529→ 56,508 total→ Common Stock (22,114 underlying)
Footnotes (4)
- [F1]Shares withheld to satisfy the Reporting Person's tax obligation in connection with the vesting of restricted common stock.
- [F2]Includes 118.2995 shares which the Reporting Person acquired in July 2007 and January 2008 pursuant to the Boston Properties, Inc. 1999 Non-Qualified Employee Stock Purchase Plan.
- [F3]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.
- [F4]LTIP Units vest in four equal annual installments beginning on January 15, 2009.
Documents
Issuer
BOSTON PROPERTIES INC
CIK 0001037540
Entity typeother
Related Parties
1- filerCIK 0001217106
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 5:11 PM ET
- Size
- 8.6 KB