BOSTON PROPERTIES LTD PARTNERSHIP 4
4 · BOSTON PROPERTIES LTD PARTNERSHIP · Filed May 27, 2010
Insider Transaction Report
Form 4
ISEMAN FREDERICK J
Director
Transactions
- Award
LTIP Units
2010-05-25$0.25/sh+868$217→ 2,939 total→ Common OP Units (868 underlying)
Footnotes (2)
- [F1]Issued pursuant to Boston Properties Inc.'s, the Issuer's general partner, equity based incentive 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 OP Unit. Each Common OP Unit acquired upon conversion of an LTIP Unit may be redeemed, at the election of the holder, for cash equal to the then fair market value of a share of common stock of Boston Properties, Inc. except that Boston Properties, Inc. may, at its election as directed by the Issuer, acquire each Common OP Unit so presented for redemption for one share of common stock of Boston Properties, Inc.
- [F2]The 868 LTIP Units vest over two years with (1) 50% vesting on the earlier of (i) May 25, 2011 and (ii) the date of the Issuer's 2011 annual meeting of stockholders and (2) 50% vesting on the earlier of (i) May 25, 2012 and (ii) the date of the Issuer's 2012 annual meeting of stockholders.