4//SEC Filing
SELSAM ROBERT E 4
Accession 0001246991-12-000075
CIK 0001043121other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 4:03 PM ET
Size
9.5 KB
Accession
0001246991-12-000075
Insider Transaction Report
Form 4
SELSAM ROBERT E
Senior Vice President of GP
Transactions
- Conversion
Common OP Units
2012-02-17−12,555→ 8,000 total - Conversion
Common OP Units
2012-02-17+12,555→ 20,555 total - Conversion
LTIP Units
2012-02-17$0.25/sh−12,555$3,139→ 27,477 total→ Common Stock (12,555 underlying)
Footnotes (2)
- [F1]12,555 of the Reporting Person's units of limited partnership interest in the Issuer were converted into common units of limited partnership interest (Common OP Units) in the Issuer by the Reporting Person and the Common OP Units were immediately redeemed for an equal number of shares of Common Stock of Boston Properties, Inc., the Issuer's sole general partner, in accordance with the Issuer's Partnership Agreement.
- [F2]Issued pursuant to Boston Properties, Inc.'s 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.
Documents
Issuer
BOSTON PROPERTIES LTD PARTNERSHIP
CIK 0001043121
Entity typeother
Related Parties
1- filerCIK 0001217110
Filing Metadata
- Form type
- 4
- Filed
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 4:03 PM ET
- Size
- 9.5 KB