FLASHMAN ARTHUR 4
4 · BOSTON PROPERTIES LTD PARTNERSHIP · Filed Aug 15, 2011
Insider Transaction Report
Form 4
FLASHMAN ARTHUR
Vice President - Cntlr of GP
Transactions
- Exercise/Conversion
Common OP Units
2011-08-14+3,266→ 3,266 total - Exercise/Conversion
LTIP Units
2011-08-14$0.25/sh−3,266$817→ 3,806 total→ Common Stock (3,266 underlying)
Footnotes (2)
- [F1]3,266 of the Reporting Person's LTIP Units were converted into common units of limited partnership interest (Common OP Units) in the Issuer by the Reporting Person.
- [F2]Issued as long term incentive compensation pursuant to Boston Properties, Inc.'s (BPI), 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 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 BPI except that the Issuer may, at its election as directed by BPLP, acquire each Common OP Unit so presented for redemption for one share of common stock of BPI.