LANDIS MITCHELL S 4
4 · BOSTON PROPERTIES LTD PARTNERSHIP · Filed Feb 5, 2013
Insider Transaction Report
Form 4
LANDIS MITCHELL S
Senior Vice President of GP
Transactions
- Award
LTIP Units
2013-02-01$0.25/sh+1,766$442→ 23,162 total→ Common OP Units (1,766 underlying)
Footnotes (2)
- [F1]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 BPI may, at its election, acquire each Common OP Unit so presented for redemption for one share of common stock of BPI. LTIP Units have no expiration date.
- [F2]The 1,766 LTIP Units vest in four equal annual installments beginning on January 15, 2014.