4//SEC Filing
SELSAM ROBERT E 4
Accession 0001246991-12-000074
CIK 0001037540other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 4:02 PM ET
Size
8.8 KB
Accession
0001246991-12-000074
Insider Transaction Report
Form 4
SELSAM ROBERT E
Senior Vice President
Transactions
- Conversion
Common Stock, par value $.01
2012-02-17+12,555→ 33,628.292 total - Conversion
LTIP Units
2012-02-17$0.25/sh−12,555$3,139→ 27,477 total→ Common Stock (12,555 underlying)
Holdings
- 800(indirect: By Children)
Common Stock, par value $.01
Footnotes (3)
- [F1]12,555 of the Reporting Person's units of limited partnership interest in Boston Properties Limited Partnership (BPLP), of which the Issuer is the sole general partner, were converted into common units of limited partnership interest (Common OP Units) in BPLP by the Reporting Person and the Common OP Units were immediately redeemed for an equal number of shares of Common Stock of the Issuer in accordance with BPLP's Partnership Agreement.
- [F2]Includes 21.0047 shares which the Reporting Person acquired in August 2011 and November 2011 pursuant to the Boston Properties, Inc. Dividend Reinvestment and Stock Purchase Plan.
- [F3]Represents units of limited partnership interest in BPLP 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 OP Unit. 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, acquire each Common OP Unit so presented for redemption for one share of Common Stock.
Documents
Issuer
BOSTON PROPERTIES INC
CIK 0001037540
Entity typeother
Related Parties
1- filerCIK 0001217110
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 4:02 PM ET
- Size
- 8.8 KB