FLASHMAN ARTHUR 4
4 · BOSTON PROPERTIES INC · Filed Aug 24, 2011
Insider Transaction Report
Form 4
FLASHMAN ARTHUR
Vice President - Controller
Transactions
- Conversion
Common OP Units
2011-08-22−3,266→ 0 total→ Common Stock (3,266 underlying) - Conversion
Common Stock, par value $.01
2011-08-22+3,266→ 4,636 total
Footnotes (1)
- [F1]The Reporting Person redeemed 3,266 units of limited partnership interest of Boston Properties Limited Partnership ("Common OP Units"), of which the Issuer is the general partner. Each Common OP Unit may be redeemed, at the election of the holder, for cash equal to the fair market value of a share of the Issuer's Common Stock except that the Issuer may, at its election, acquire the Common OP Unit presented for redemption for one share of Common Stock. The Issuer elected to redeem the Reporting Person's Common OP Units with Common Stock. Common OP Units have no expiration date.